Pakistani capital arrests around 700 for profiteering in first 11 days of Ramadan

Labourers carry jute crates filled with bananas at a wholesale fruit market in Lahore on October 16, 2022 (AFP/File)
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Updated 12 March 2025
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Pakistani capital arrests around 700 for profiteering in first 11 days of Ramadan

  • Food prices in Pakistan typically surge during Ramadan every year due to hoarding, speculative pricing by traders
  • Islamabad administration spokesperson says over 3,800 operations conducted, more than 12 shops sealed in Ramadan 

ISLAMABAD: Authorities in Pakistan’s capital Islamabad have intensified an ongoing crackdown against wholesalers for hiking prices of essential commodities during Ramadan, arresting around 700 in the first 11 days of the holy month, a spokesperson for the district administration said on Wednesday. 

Food prices in Pakistan typically surge during Ramadan due to increased demand and supply chain inefficiencies. A significant factor contributing to this rise is hoarding and speculative pricing by traders, who artificially inflate market rates to maximize profits.

“Around 700 profiteers have been arrested for violating government price regulations and a total fine of around Rs400,000 [$1,428] was imposed by price control magistrates,” Islamabad district administration spokesperson Muhammad Nasir Butt told Arab News. 

He said the district administration’s teams have conducted over 3,800 operations in which more than 12 shops were sealed after being found guilty of violating price lists and hoarding goods.

Butt said the district administration has set up six full-scale Ramadan bazaars and 20 fair-price shops across the capital for the public’s convenience. 

“Ramadan bazaars feature special chicken stalls selling at Rs30 below the market rate while ghee is available at Rs70 less,” Butt said. “Additionally, sugar stalls offer sugar at a Rs30 discount compared to market prices.”

The spokesperson said to ensure that wholesalers keep prices in order and provide quality products to customers, a team of 26 price control magistrates and eight assistant commissioners are monitoring the situation. 

The spokesperson added that a “deputy commissioner corner” has been set up in all grocery malls, where various items are offered at controlled prices. 

Prime Minister Shehbaz Sharif on Tuesday ordered strict action against profiteers, calling for intensified monitoring of relief measures. He also directed federal ministers and public representatives to visit Ramadan markets, utility stores, and other key locations to ensure the availability of subsidized goods.

Last month, Finance Minister Muhammad Aurangzeb warned the government would not spare hoarders, whose actions contribute to annual spikes in the cost of essential commodities during the holy month.


Pakistani, Bangladeshi officials discuss trade, investment and aviation as ties thaw

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Pakistani, Bangladeshi officials discuss trade, investment and aviation as ties thaw

  • Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war
  • Ties between Pakistan, Bangladesh have warmed up since last year and both nations have resumed sea trade

ISLAMABAD: Pakistan's High Commissioner to Bangladesh Imran Haider on Sunday met Chief Adviser Muhammad Yunus in Dhaka, the latter's office said on, with the two figures discussing trade, investment and aviation.

Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.

Ties between Pakistan and Bangladesh have warmed up since former prime minister Sheikh Hasina’s ouster as a result of a student-led uprising in August 2024. Relations remain frosty between Dhaka and New Delhi over India’s decision to grant asylum to Hasina.

Pakistan has attempted to forge closer ties with Bangladesh in recent months and both South Asian nations last year began sea trade, followed by efforts to expand government-to-government commerce.

"During the meeting, both sides discussed ways to expand cooperation in trade, investment, and aviation as well as scaling up cultural, educational and medical exchanges to further strengthen bilateral relations between the two South Asian nations," Yunus's office said in a statement on X.

In 2023-24 Pakistan exported goods worth $661 million to Bangladesh, while its imports were only $57 million, according to the Trade Development Authority of Pakistan. In Aug. this year, the Pakistani and Bangladeshi commerce ministries signed a memorandum of understanding to establish a Joint Working Group on Trade, aiming to raise their bilateral trade volume to $1 billion in the financial year that began in July.

The Pakistani high commissioner noted that bilateral trade has recorded a 20 percent growth compared to last year, with business communities from both countries actively exploring new investment opportunities, according to the statement.

He highlighted a significant increase in cultural exchanges, adding that Bangladeshi students have shown strong interest in higher education opportunities in Pakistan, particularly in medical sciences, nanotechnology, and artificial intelligence. Haider also said that Dhaka-Karachi direct flights are expected to start in January.

"Chief Adviser Professor Muhammad Yunus welcomed the growing interactions between the two countries and emphasized the importance of increased visits as well as cultural, educational and people-to-people exchanges among SAARC (South Asian Association for Regional Cooperation) member states," the statement read.

"Professor Yunus also underscored the need to further boost Bangladesh–Pakistan trade and expressed hope that during Mr. Haider’s tenure, both countries would explore new avenues for investment and joint venture businesses."