The Trading Corporation of Pakistan wrote a letter to import sugar from Brazil.


Karachi: The Trading Corporation of Pakistan (TCP) has initiated the process by writing a letter for importing one million metric tons of Brazilian sugar amidst concerns about scarcity in the market.
With the prior history of exploiting both the export and import sides, the sugar mafia has begun capitalizing on the situation.
Having exported Chinese sugar in June, now preparations are underway to import it in September.
The Trading Corporation of Pakistan has formally communicated its intention to import Chinese sugar from Brazil.
However, the prospect of its entry into the imported sugar market raises worries of further price hikes.
Chinese sugar could potentially reach up to 200 Pakistani Rupees per kilogram.
Sources suggest that the decision to export Chinese sugar poses the challenge of severe scarcity in the country.
In November 2022, Chinese sugar was priced at 91 Rupees per kilogram and after export, it reached 180 Rupees per kilogram.
Now, the apprehension of increased prices looms as Pakistan gears up to import one million metric tons of Chinese sugar.
Secretary of Food, Zaman Vato, voiced that recent price hikes have imposed a burden of 47 billion Rupees on the public due to the increased costs of Chinese sugar.
Pakistan-Bangladesh T20 series dates and venues confirmed
- 7 hours ago

Putin announces ‘humanitarian ceasefire’ in Ukraine
- 8 hours ago

Dollar surpasses Rs281 as demand and global trends fuel its rise
- 10 hours ago

NEOC confirms polio virus in 22 environmental samples throughout country
- 9 hours ago

Migrant boat sink off Tunisia with at least eight dead, 29 rescued
- 11 hours ago
Anti-Pakistan propaganda film 'Ground Zero’ fails to spark at box office
- 8 hours ago
Petrol truck explosion in Nushki injures 50
- 9 hours ago
Clashes erupt as police crackdown on grand health alliance protest in Lahore
- 7 hours ago

Blaming anyone minutes after Pahalgam attack is inappropriate: Former US diplomat
- 9 hours ago

Gold prices plunge in Pakistan, global markets
- 11 hours ago
CCI rejects federal govt’s new canal plan
- 6 hours ago
Massive power outage hits Spain and Portugal, millions affected
- 11 hours ago