{"id":64090,"date":"2020-04-15T12:28:16","date_gmt":"2020-04-15T07:28:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64090"},"modified":"2020-04-15T12:28:17","modified_gmt":"2020-04-15T07:28:17","slug":"law-against-hoarders-and-profiteers-tabled-before-pm","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/law-against-hoarders-and-profiteers-tabled-before-pm.html","title":{"rendered":"Law against hoarders and profiteers tabled before PM"},"content":{"rendered":"\n<p>Islamabad: The Ministry of Law and Justice on Tuesday drafted a presidential ordinance envisaging punishment for <a href=\"https:\/\/www.zameen.com\/news\/remove-hurdles-in-country-wide-transportation-of-food.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"hoarders (opens in a new tab)\">hoarders<\/a> and profiteers responsible for creating an artificial shortage of essentials \u2013 in a bid to provide relief to the public amid the going COVID-19 pandemic, according to news sources. The draft has been submitted to Prime Minister (PM) Imran Khan for approval.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-approves-new-timings-for-grocery-general-stores.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Punjab approves new timings for grocery, general stores (opens in a new tab)\">Punjab approves new timings for grocery, general stores<\/a><\/p>\n\n\n\n<p>The Ministry\u2019s Spokesperson Farighna Mughal revealed that the task was given to Minister of Law Farogh Naseem by the PM. She also said the newly-drafted law would be promulgated through a presidential ordinance.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a rel=\"noreferrer noopener\" aria-label=\"COVID-19 Relief Measure: Utility stores to get 200,000 metric tonnes of wheat (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/covid-19-relief-utility-stores-get-200000-metric-tonnes-wheat.html\" target=\"_blank\">COVID-19 Relief Measure: Utility stores to get 200,000 metric tonnes of wheat<\/a><\/p>\n\n\n\n<p>Additionally, a law official proposed that the punishment for\nhoarding and profiteering be 3 years \u2013 same envisaged by the Price Control and\nPrevention of Profiteering and Hoarding Act 1977. However, he added that the\nnew law will simplify the process of making arrests and confiscation of the\nhoardings. It will also empower the administration to auction off the\nconfiscated hoarding items.<\/p>\n\n\n\n<p>Khan, in his public address, reiterated that hoarders and\nsmugglers will be facing strict legal consequences. He said that the new law\nwill empower the administration to punish the people involved without\ndiscrimination.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Ministry of Law and Justice on Tuesday drafted a presidential ordinance envisaging punishment for hoarders and profiteers responsible for creating an artificial shortage of essentials \u2013 in a bid to provide relief to the public amid the going COVID-19 pandemic, according to news sources. The draft has been submitted to Prime Minister (PM) Imran Khan for approval. Read: Punjab approves new timings for grocery, general stores The Ministry\u2019s Spokesperson Farighna Mughal revealed that the task was given to Minister of Law Farogh Naseem by the PM. She also said the newly-drafted law would be promulgated through a presidential ordinance. Read: COVID-19 Relief Measure: Utility stores to get 200,000 metric tonnes of wheat Additionally, a law official proposed that the punishment for hoarding and profiteering be 3 years \u2013 same envisaged by the Price Control and Prevention of Profiteering and Hoarding Act 1977. However, he added that the new law will simplify the process of making arrests and confiscation of the hoardings. It will also empower the administration to auction off the confiscated hoarding items. Khan, in his public address, reiterated that hoarders and smugglers will be facing strict legal consequences. He said that the new law will empower&hellip;<\/p>\n","protected":false},"author":75,"featured_media":61667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[26240,26241],"persona":[],"class_list":{"0":"post-64090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-law-against-hoarders-and-profiteers-tabled-before-pm","9":"tag-ministry-of-law-and-justice","10":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Law against hoarders and profiteers tabled before PM - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Ministry of Law and Justice on Tuesday drafted a presidential ordinance envisaging punishment for hoarders and profiteers responsible for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/law-against-hoarders-and-profiteers-tabled-before-pm.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Law against hoarders and profiteers tabled before PM - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Ministry of Law and Justice on Tuesday drafted a presidential ordinance envisaging punishment for hoarders and profiteers responsible for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/law-against-hoarders-and-profiteers-tabled-before-pm.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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