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.

PM pledges full support for KP flood victims, announces cabinet’s one-month salary
- 4 گھنٹے قبل

Saints rookie QB Shough to start vs. Jaguars
- 15 گھنٹے قبل

NIH confirms two new polio cases
- 8 گھنٹے قبل
New York club shooting leaves 3 dead, 8 injured
- ایک دن قبل

Over 400 dead as catastrophic floods devastate Buner, KP
- ایک دن قبل

Gold prices surge in Pakistan, global markets
- 6 گھنٹے قبل

Bryson: PGA Tour's call if I do Ryder Cup tune-up
- ایک دن قبل

China’s top diplomat Wang arrives in India amid US tariffs
- 2 گھنٹے قبل

Security forces arrest varsity lecturer, key terrorist in Quetta
- 8 گھنٹے قبل

UN chief expresses ‘deep sorrow’ over flood-related deaths in KP, offers help
- 8 گھنٹے قبل
Six perished in vehicle accidents in Rawalakot, Neelum River
- 5 گھنٹے قبل

Springer rejoins Jays' lineup from concussion IL
- 15 گھنٹے قبل