Govt policies cause price hike in agro-sector: World Bank

The World Bank, in a policy note on agriculture and food in Pakistan, has pointed out that inappropriate government policies and regulations that distort markets, inhibit competition, and discourage private investment, as well as limited and poorly implemented efforts for research, innovation and technology dissemination are the underlying causes of the price hikes in the country. The ‘Just-in-Time Policy Note on Agriculture and Food in Pakistan’ released by the World Bank on Tuesday, says that food inflation and volatility in Pakistan have been high and exceed those in other neighbouring countries.