Tuesday, November 5, 2024

Commodity Monopoly: PM instructs to amend legislations to intensify punishment

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Egypt’s Prime Minister Engineer Sherif Ismail asserted, during the first meeting of the Board of Governors held the day before yesterday, the need to take on-ground measures, assist citizens, executive officials and tighten control over markets. He also instructed to ensure availability of adequate stocks of basic food commodities in affordable prices and overcome all obstacles that would prevent citizens from accessing certain goods and services.

Moreover, the Prime Minister instructed the Ministers of Justice and Legal Affairs, and MPs  to amend necessary legislations in order to intensify punishment for commodity monopoly, issue a governing law and provide lands to establish logistic zones in all governorates. He also ordered to coordinate with the Ministry of Supply to provide the land needed to build a large shopping centre in the capital centre of each governorate and those shopping centres will be responsible for directly contacting production areas with no mediators, which will contribute to lowering prices.


 

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