Govt's final decision to import 500,000 tons of sugar

Islamabad: The federal cabinet has taken a final decision to import 500,000 tons of sugar.

According to the Ministry of Food Security, sugar will be imported through the government sector. All arrangements for the import of sugar have been completed, and immediate implementation is being started.

The Ministry of Food Security says that this step was taken to maintain balance in sugar prices. The method of sugar import represents a different and better strategy than the past. In the past, subsidies were often relied on by creating artificial shortages of sugar.

According to the Ministry of Food Security, the decision to export sugar was made at a time when sugar was available in abundance. Now, sugar is being imported to stabilize sugar prices.

Rising sugar price

On the other hand, the price of sugar in wholesale in Karachi is Rs179 per kg, which has increased by Rs3 after Ashura.

The price of sugar in wholesale in Karachi has increased by Rs13 per kg since May 15, and in the retail market, sugar is being sold at Rs190 to Rs200 per kg.

On May 15, sugar was being sold at the retail level in Karachi for Rs170, and now the price of sugar in retail has increased by Rs20 to Rs30 per kg.