Lahore High Court demands updated report on price control law

The Lahore High Court (LHC) has taken a significant step by summoning an updated report from the Punjab government regarding the new law on price control. This move comes in response to a plea filed in the LHC against the rising inflation in the country. During the hearing, the federal government's lawyer made an appearance before the court.

The court highlighted that the previous law on price control had been abolished, leaving the matter unregulated. The government's lawyer argued that the responsibility of controlling prices lies with the Punjab government. However, the applicant contended that the government has failed to effectively manage inflation nationwide.

As a result, the court directed the Punjab government to submit a detailed report on the current situation. This development underscores the growing concern over the lack of a robust legal framework to address price control issues in the country.

The Lahore High Court's decision to demand an updated report on the price control law reflects the pressing need for concrete measures to tackle inflation. With the spotlight on the Punjab government to address this critical issue, the outcome of this case could have far-reaching implications for price regulation in Pakistan.