PM orders all sugar stock to be put on sale in market – Pakistan

0

Prime Minister Imran Khan has ordered all sugar stock to be put on the market, warning that strict legal action will be taken against hoarders and profiteers.

The Prime Minister chaired a price control meeting on Monday, which was briefed on the stock and prices of sugar, according to a statement from the Prime Minister’s Office (PMO). The meeting was also informed that there is currently an abundance of sugar in the country.

However, the decision to close Sindh sugar factories has pushed up sugar prices, the meeting was told.

The meeting also decided to start the crushing of sugarcane across the country from November 15, stressing that the crushing laws will be strictly enforced.

Khan also ordered to implement the Sugar Mills (Control) Amendment Act 2021, the Punjab Hoarding Prevention Act 2020 and the Punjab Godowns Registration Act 2014 against the sugar mafia and the hoarders.

“Gaining and hoarding will not be tolerated under any circumstances,” the prime minister said, quoting the prime minister. He said provincial and district governments should be visible on the ground to bring relief to the masses.

Prices for all kitchen essentials are rising again

While talking about rising inflation in Pakistan, the Prime Minister said that the government is taking all possible measures to reduce the burden on the poor segments of society. “Ehsaas Rashan, Kamyab Pakistan, Kissan Card, Sehat Card and other programs under the Ehsaas program have been launched to help the poor,” the prime minister said.

The Prime Minister’s statement comes as prices for all kitchen essentials have trended higher over the past week compared to the previous week. A survey conducted by company registrar revealed that the increase in kitchen essentials as well as other daily use items is a direct result of the steady increase in fuel and electricity prices coupled with the depreciation of the rupee against the dollar and other major world currencies.

The survey noted that the price of sugar registered an unprecedented jump of Rs 1,550 per 50 kg bag, from Rs 5,850 per bag to Rs 7,400 per bag, which in retail is sold at Rs 160 per kg vs Rs 122-125 per kg earlier.

According to traders, millers have raised the price of sugar by Rs 2,400 per 50 kg over the past three weeks, raising the retail price from Rs 110 per kg to Rs 160 per kg.

Share.

Comments are closed.