LCCI flags price surge ahead of Ramadan, urges government action

The Lahore Chamber of Commerce and Industry (LCCI) has warned that rising prices of essential items at the start of Ramadan are creating difficulties for consumers.

LCCI President Faheem Ur Rehman Saigol said Pakistan Bureau of Statistics data shows a 1.16% increase in prices, indicating inflationary pressure even before the holy month.

Senior Vice President Tanveer Ahmed Sheikh and Vice President Khurram Lodhi said weekly prices of electricity, fruits, vegetables, petrol, LPG, and other essentials have increased significantly, reducing purchasing power.

Saigol noted that higher energy costs and rising transport charges are driving up production costs, directly affecting food prices. He warned that increased demand during Ramadan could trigger further inflation if prices are not controlled.

The chamber urged the government to take immediate steps to prevent hoarding and profiteering, maintain uninterrupted supply of essential items, and stabilize markets.

Saigol added that delayed action could worsen problems for both consumers and the business community, making timely policy measures essential.