The Islamabad Capital Territory (ICT) administration has imposed around Rs10 million fine on profiteers and hoarders during the last year, setting an example for other federating units to curb profiteering across the country. “It is first time in the history of Pakistan that such a huge amount of fine has been imposed on profiteers and hoarders in the federal capital,” Deputy Commissioner Islamabad Hamza Shafqaat told APP in an exclusive interview on Wednesday.
Unlike past, strict measures were being taken to control artificial price-hike in the city, he said while pointing out that fine amount was only limited to Rs 1 million to Rs 3 million during previous years.
Hamza said the local administration had also embraced latest technologies to control inflation and ensure provision of relief to the masses by providing them food and vegetables at their doorstep on subsidized rates.
