ISLAMABAD: The government is thinking of different options, including the establishment of the Pakistan Food Authority, to monitor rising inflation.
Presently, the government of Pakistan does not have a regulatory authority for food control.
Since Pakistan doesn’t have a regulatory authority at the moment, nutritional and health outcomes for the population are reduced.
Replicating the models of the USA, UK, Australia, and India, the government is thinking of different options, including the establishment of the Pakistan Food Authority (PFA), to monitor rising inflation.
Presently, the government of Pakistan does not have a regulatory authority for food control.
The authorities are considering different proposals and one of them is the establishment of the PFA to have one food market and one law.
Regulatory mechanisms in Pakistan
The regulatory mechanisms in Pakistan currently extend to a range of critical commodities and services, such as drugs, electricity, oil, gas, telecommunications, media, aviation, money, and chemicals, which are governed by independent federal regulatory authorities.
These regulatory authorities address the need for equity in quality and pricing and balance public and private interests by employing a range of economic and administrative measures.
Since Pakistan doesn’t have a regulatory authority at the moment for food control, nutritional and health outcomes for the population are reduced.
The increased health costs, reduced economic productivity due to food-induced illness, impairment, and death and reduced growth and innovation in the agriculture sector has reduced domestic economic earnings from the agriculture and food sectors.
Moreover, the absence of a regulatory body also reduced international trade and losses in foreign earnings (unrealised and rejected exports).
