The rising sugar price in Pakistan has been a major concern, but Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar announced a major relief for consumers. He declared that the retail price of sugar would be capped at Rs164 per kg, while the ex-mill price would be kept under Rs159 per kg. This decision comes as a response to the rising sugar prices, which had reached an intolerable Rs178-180 per kg.
Ishaq Dar, in a live broadcast after chairing a high-level meeting on sugar prices in Pakistan, assured the public that the government would not allow unjustified price hikes. He highlighted that a sub-committee has been formed to propose solutions within one month before April 19 to stabilize sugar prices permanently. The committee is led by Minister for National Food Security and Research Rana Tanveer Hussain and will submit recommendations soon.
During the meeting, representatives from the sugar mills association presented their concerns, and detailed discussions were held on maintaining a fair price for both producers and consumers. The government and sugar mills association agreed to implement a two-tier system to ensure affordability for the common man.
Sugar Price at Sasta Bazaars Set at Rs130 Per Kg
In a major relief move, the sugar mills association agreed to provide sugar at a subsidized rate of Rs130 per kg at all 274 sasta bazaars across the country. This initiative ensures that lower-income groups have access to affordable sugar, reducing the burden of inflation.
Despite the price fluctuations, Ishaq Dar assured that there is no shortage of sugar in Pakistan. He ruled out any immediate need for importing sugar and warned that any artificial shortage of sugar would be dealt with strictly. The government remains committed to stabilizing sugar prices in Pakistan and ensuring that the public gets sugar at reasonable rates.
