[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Sugar prices in various parts of Pakistan hit record highs on Monday. According to a report by Dawn, in Balochistan’s Chaman area, sugar was being sold for PKR 230 per kg, while in the central Punjab town of Arifwala, it was being sold at PKR 185 per kg.
On the other hand, sugar prices in the wholesale market in Karachi dropped by PKR 2, reaching PKR 176 per kg. However, the retail price for 1 kg of sugar remained at PKR 190
Read more : Soaring Inflation Drives Sugar Prices Beyond The Two Hundred Mark
The increase in sugar prices occurred a week after Pakistan’s caretaker government expressed concern over diminishing sugar stocks. The report suggested that the rising cost of sugarcane and court orders were contributing factors to the surge in sugar prices.
Dealers mentioned that the price of sugar went up due to a suspension in sugar supply caused by vehicles being stuck on national highways following the suspension of permits.
Senator Taj Haider alleged that “Honourable Rana Sanaullah allowed 1.4 million tons of sugar to be smuggled” and criticized former Planning Minister Ahsan Iqbal for blaming his former cabinet colleague Naveed Qamar for the crisis. Haider argued that Pakistan’s former Commerce Minister, Naveed Qamar, had officially permitted the export of approximately 250,000 tonnes of sugar to bolster the country’s foreign exchange reserves and refuted the insinuation that his party colleague was responsible for the shortage.[/vc_column_text][/vc_column][/vc_row]
