The Ministry of National Food Security confirmed on Saturday that an order had been made for the importation of 200,000 metric tonnes of sugar to stabilize interior prices and relieve consumers.
According to the ministry spokesperson, this step has been taken to ensure the availability of sugar on the market and prevent artificial price increases.
The spokesperson added that sugar is imported by the government and that the supply process has entered its final phase after the opening of tenders.
The first imported sugar expedition is expected to arrive in early September.
He added that the decision to import sugar has been made to guarantee the availability of stocks on the markets and maintaining a balance of interior prices without restarting the national chessboard.
Officials also declared that the decision to import sugar had been taken after obtaining a favorable discount on the international market, which would help maintain the balance of domestic prices without restarting the national treasure.
The government hopes that the influx of imported sugar will support the stability of the local market and the braking of inflationary trends affecting key households.
The Pakistan sugar crisis has worsened while the markets of Lahore and Islamabad reported serious shortages, while prices in Karachi, Peshawar and Quetta increased to Rs190 per kilogram, defying the official price ceilings, The news reported.
In the midst of climbing the crisis, the Federal Minister of National Food Security and Rana Tanveer Hussain research this week presided over a high -level meeting with Pakistan Sugar Mills Association (PSMA) and provincial stakeholders, warning of the “strict monitoring” of factory shares.
Citing the crisis, Prime Minister Shehbaz Sharif also warned two days ago that anyone violating agreed sugar prices would be confronted with strict action, stressing that no one would be authorized to operate the public financially.
The Prime Minister has published strict directives for the application of the agreement between the PSMA and the government.
According to the agreement, the ex-moulin price of sugar is set at RS165 per kilogram, while the retail price must not exceed RS173 per kilogram.
The federal government has reiterated its determination to continue to repress holes and market manipulators.
In another extraordinary decision to curb the prices of arrow sugar and by cutting, the government had taken control of 1.9 million tonnes of sugar from private mills and placed 18 barons of sugar on the output control list (ECL), depending on the publication.
However, the chapters of Punjab and Khyber Pakhtunkh of the PSMA denied any seizure of government stocks.
