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.

Can America recover from Trump? Here’s what new data says.
- 21 minutes ago

Google to invest $15bn in India
- an hour ago

Abhishek Bachchan first time wins Best Actor Filmfare Award in 25-year career
- 42 minutes ago

Azad Kashmir Information Minister Mazhar Saeed resigns
- an hour ago

Punjab govt's important decision regarding toll plazas for public convenience
- 2 hours ago

OpenAI allegedly sent police to an AI regulation advocate’s door
- 2 hours ago

Establishing Palestine with pre-1967 borders is bedrock of Pakistan's Middle East policy: PM
- 2 hours ago

We’re all about to be in wearable hell
- 2 hours ago

Lab-grown meat does not a burger make, EU lawmakers insist
- 2 hours ago

You can still snag LG’s C4 OLED TV at half the price
- 2 hours ago

Here’s how Apple is locking down iPhones to comply with Texas’ age verification law
- 2 hours ago

Apple’s executive reshuffling isn’t over
- 2 hours ago