The Ministry of National Food Security on Saturday confirmed that it has been ordered to introduce 200,000 metric tonnes of sugar to stabilize domestic prices and to provide consumers’ relief.
According to the ministry spokesman, this step was taken to ensure the availability of sugar on the market and prevent artificial price increases.
The spokesman added that sugar is introduced by the government and the procurement process has entered the final phase after opening the bids.
The first imported sugar is expected to arrive in early September.
He added that the decision to import sugar was taken to ensure the availability of markets in the markets and maintain balance in domestic pricing without burdening the National Fund.
Employees also stated that the decision to import sugar was made after securing a favorable discount on the international market, which would help maintain balance in domestic pricing without burdening the National Ministry.
The government hopes that the influx of imported sugar will support local market stability and reduce inflationary trends that affect a basic household commodity.
Pakistan’s sugar crisis has deteriorated as markets in Lahore and Islamabad reported serious deficiencies, while prices in Karachi, Pesauar and Quetta increased as high as RS190 per kilo, defying official prices, prices, high prices, prices, prices, The news reported.
Through the gradual crisis, the Federal Minister of National Food Safety and the Rana Tanveer Hussain research earlier this week presented a high -level meeting with Pakistan Sugar Mills Association (PSMA) and provincial interested parties, a warning of “strict supervision”.
Referring to the crisis, Prime Minister Shehbaz Sharif had also warned two days ago that anyone who violated the agreed sugar prices would face strict action, stressing that no one could exploit the public financially.
The prime minister issued strict instructions on the imposition of the agreement reached between the PSMA and the government.
According to the agreement, the former kilometer sugar price is set to RS165 per kilogram, while the retail price should not exceed 173 Rs per kilogram.
The federal government has reiterated its determination to continue breaking storage and market operators.
In another excellent move to speed up increasing sugar prices and limit accumulation, the government had taken control of 1.9 million tonnes of sugar from private mills and put 18 barons of sugar on the ECL control list (ECL), according to the publication.
However, PSMA’s Punjab and KHYBER PAKHTUNKHWA funds denied any seizure of stocks by the government.
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