Authorities are trying to attribute the shortage to cartelization.


Chiniot: Due to stockpiling, a significant increase in the price of sugar per kilogram has been observed worldwide, including in Punjab.
According to sources, the storage of 234,000 metric tons of sugar in Punjab's 12 sugar mills has created a crisis in the market, leading to a price hike of PKR 18 per kilogram during the past five days.
Reportedly, state authorities purchased PKR 2.9 billion worth of sugar, maintaining stocks for several weeks.
The Commissioner instructed deputy commissioners in Jhang, Sargodha, Chiniot, Faisalabad, and Toba Tek Singh to conduct raids.
As a result of these actions, the wholesale rate of sugar rose from PKR 6,100 to PKR 6,550 per 50 kilograms after Eid.
Authorities emphasize that apart from cartelization, there are no other factors contributing to the shortage in the market.
On the other hand, the wholesale market in Shehr-e-Quaid witnessed a surge in sugar prices.
During the past week, the price of a 50-kilogram sack of sugar increased by PKR 250, with the kilogram price reaching PKR 130.
The sudden price hike has created concerns among consumers, who are already grappling with rising inflationary pressures.
It remains to be seen how authorities will address the issue of stockpiling and regulate sugar prices to ensure stability in the market.

Court cannot grant khula without the woman’s consent, rules SC
- 19 hours ago
Army, nation united against any enemy aggression: ISPR DG
- a day ago

Cities across Punjab are experiencing a sharp rise in air pollution
- 2 hours ago

Pakistan has rejected the Afghan Taliban’s offer to shift TTP to a new location
- 5 hours ago

NFL replay review success rates have skyrocketed. A new camera feed may be why
- 8 hours ago

Inside the audacious mission to bring a rare toad back from the brink
- a day ago
Field Marshal Asim Munir praises Egypt’s role in regional peace
- 19 hours ago
Pakistan-Kazakhstan counter terrorism exercise concludes
- 19 hours ago

Trump says,he preferred ending wars through trade rather than engaging in conflict
- 3 hours ago

Hayes irked by 'unrecognizable' USWNT in loss
- 21 hours ago
After five years PIA resumes flight operation for UK
- a day ago

Dest's starting spot with the USMNT doesn't look as secure as it once did
- 8 hours ago















