{"id":64348,"date":"2020-04-21T09:00:48","date_gmt":"2020-04-21T04:00:48","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64348"},"modified":"2020-04-20T17:52:08","modified_gmt":"2020-04-20T12:52:08","slug":"govt-issues-anti-hoarding-ordinance-check-artificial-shortages-profiteering","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-issues-anti-hoarding-ordinance-check-artificial-shortages-profiteering.html","title":{"rendered":"Govt issues anti-hoarding ordinance to check artificial shortages, profiteering"},"content":{"rendered":"\n<p>Islamabad: The federal government has issued an anti-hoarding ordinance to check artificial goods shortages and profiteering in the wake of the country&#8217;s ongoing COVID-19 lockdown, a news source reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/list-of-businesses-opened-in-sindh-during-lockdown.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Sindh notifies SOPs for reopening of export-oriented industries<\/a><\/p>\n\n\n\n<p>Federal Minister Law and Justice Barrister Dr Farogh Naseem on Sunday explained the ordinance that the maximum penalties for hoarding essential materials, including wheat, flour, sugar, ghee, face masks and sanitizers, amount to three years imprisonment and a fine that goes up to 50 percent value of the seized products. <\/p>\n\n\n\n<p> <strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/list-of-businesses-opened-in-sindh-during-lockdown.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\"> Sindh issues list of businesses to remain open during extended lockdown period<\/a><\/p>\n\n\n\n<p>Some reports also suggest that the authorities would fine PKR 1 million those who fail to provide audit information \u2013 even if hoarding could not be proved. The penalty is also extended to clutching those involved in market manipulation, speculative dealings and creating artificially high prices. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a rel=\"noreferrer noopener\" aria-label=\"Special approvals required for inter-city travel in Punjab, Sindh (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/special-approvals-required-inter-city-travel-punjab-sindh.html\" target=\"_blank\">Special approvals required for inter-city travel in Punjab, Sindh<\/a><\/p>\n\n\n\n<p>Similarly, the government had prepared an anti-smuggling ordinance to check the smuggling of essential food items and dollars, among various others. The ordinance has been dispatched to <a href=\"https:\/\/www.zameen.com\/news\/will-prime-minister-construction-package-work.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Prime Minister (PM) Imran Khan  (opens in a new tab)\">Prime Minister (PM) Imran Khan <\/a>for evaluation and approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has issued an anti-hoarding ordinance to check artificial goods shortages and profiteering in the wake of the country&#8217;s ongoing COVID-19 lockdown, a news source reported. Read: Sindh notifies SOPs for reopening of export-oriented industries Federal Minister Law and Justice Barrister Dr Farogh Naseem on Sunday explained the ordinance that the maximum penalties for hoarding essential materials, including wheat, flour, sugar, ghee, face masks and sanitizers, amount to three years imprisonment and a fine that goes up to 50 percent value of the seized products. Read: Sindh issues list of businesses to remain open during extended lockdown period Some reports also suggest that the authorities would fine PKR 1 million those who fail to provide audit information \u2013 even if hoarding could not be proved. The penalty is also extended to clutching those involved in market manipulation, speculative dealings and creating artificially high prices. Read: Special approvals required for inter-city travel in Punjab, Sindh Similarly, the government had prepared an anti-smuggling ordinance to check the smuggling of essential food items and dollars, among various others. The ordinance has been dispatched to Prime Minister (PM) Imran Khan for evaluation and approval.<\/p>\n","protected":false},"author":76,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[26785,26787,26786],"persona":[],"class_list":{"0":"post-64348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-artificial-shortages","8":"tag-govt-issues-anti-hoarding-ordinance","9":"tag-profiteering"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>anti-hoarding ordinance artificial shortages, profiteering - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has issued an anti-hoarding ordinance to check artificial goods shortages and profiteering in the wake of the country\" \/>\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\/govt-issues-anti-hoarding-ordinance-check-artificial-shortages-profiteering.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"anti-hoarding ordinance artificial shortages, profiteering - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has issued an anti-hoarding ordinance to check artificial goods shortages and profiteering in the wake of the country\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-issues-anti-hoarding-ordinance-check-artificial-shortages-profiteering.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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