‘Deregulation will not only increase market competition but also help sugarcane farmers receive better prices for their crop’


(Web Desk): The government has made a principled decision to gradually deregulate the sugar industry, under which only 500,000 tons of sugar will be maintained as buffer stock by the state, while the rest of the market operations will be handled by the private sector.
According to informed sources, a draft proposal regarding deregulation has been prepared, which will be presented to the Prime Minister next week.
Sources further stated that the Trading Corporation of Pakistan (TCP) will hold only one month's worth of sugar consumption as a reserve, to ensure an immediate response in emergency situations. Beyond this, the government will not intervene in the production, pricing, or sale of sugar.
According to the proposals, if sugar prices become unstable, the government may increase the amount of subsidies to provide relief to consumers.
Officials believe that deregulation will not only increase market competition but also help sugarcane farmers receive better prices for their crop. Sources added that producing sugar in surplus will not only meet domestic demand but also allow for exports, bringing in valuable foreign exchange.
The government aims to increase the production capacity of sugar mills from 50% to 70%, which would enable the production of an additional 2.5 million tons of sugar annually. This extra sugar is expected to generate around $1.5 billion in foreign exchange through exports.
Murder probe launched after body found in rapper’s vehicle
- 5 hours ago

PMD releases Karachi rainfall data; DHA Phase 7 tops chart
- 6 hours ago
Husband arrested for stealing wife’s jewelry worth Rs30m in Lahore
- 7 hours ago
Non-bailable warrant issued for CM Gandapur in liquor, weapons case
- 6 hours ago
Man arrested in Islamabad for leaking explicit content of woman
- 8 hours ago
TikToker Samia Hijab’s alleged abductor Hasan Zahid sent to jail
- 7 hours ago

Govt lifts 4-year ban on new domestic gas connections
- 6 hours ago

Cristiano Ronaldo equals another world record
- 3 hours ago
Trump says Israeli airstrike on Qatar was Netanyahu’s decision, not US
- 8 hours ago
ICC confirms tentative dates for 2026 T20 World Cup
- 6 hours ago
Sweden’s new health minister faints during first press conference
- 8 hours ago

13,500 inmates escape amid violent protests in Nepal
- an hour ago