Not to denigrate the very real problem of inflation the average Pakistani is facing. But then not even my Lords can repeal the laws of supply and demand…..
http://www.dailytimes.com.pk/default.asp?page=2008125story_25-1-2008_pg7_23
SC dismisses suo motu case of price hike
ISLAMABAD: The Supreme Court on Thursday dismissed a suo motu case initiated by sacked chief justice Iftikhar Muhammad Chaudhry on price hike in Islamabad and Rawalpindi, saying that it was not the job of the SC to fix the prices of commodities. The SC bench consisting of Acting Chief Justice Muhammad Nawaz Abbasi, Justice Muhammad Qaim Jan Khan and Justice Mian Hamid Farooq observed that the suo motu did not fall under the jurisdiction of Article 184 (3) of the Constitution. The suo motu notice into price hike was taken on June 25, 2007 on a news report stating that prices of the daily-use items had increased alarmingly and there was no administrative check on them. Abdul Hafeez Pirzada, counsel for the Sugar Mills’ Owners Association, told the court on Thursday that the NAB in its report had admitted that an inquiry was initiated against those responsible for the increase in sugar prices, but it had stopped the inquiry without nominating anybody. The acting CJ said the court could not ask for initiation of inquiry against anyone, as control over prices was the duty of the market forces and not of the court. Attorney General Malik Qayyum the court could not influence the issues related to market and the case did not fall in the suo motu jurisdiction. staff
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