The Ministry of National Food Security confirmed on Saturday that an order for the importation of 200,000 metric tons of sugar to stabilize internal prices has been made and provide relief to consumers.
According to the ministry spokesman, this step was taken to ensure the availability of sugar in the market and prevent artificial price increases.
The spokesman added that the sugar is being imported by the government, and the acquisition process has entered its final phase after the opening of tenders.
The first shipping of imported sugar is expected to arrive in early September.
He added that the decision to import sugar was made to guarantee the availability of actions in the markets and maintain a balance in national prices without loading the national treasure.
The officials also declared that the decision to import sugar was taken after obtaining a favorable discount in the international market, which would help maintain balance in national prices without loading the national treasure.
The government expects the influx of imported sugar to support the stability of the local market and the inflationary trends of the sidewalk that affect a key domestic product.
The Pakistan sugar crisis has worsened as the markets in Lahore and Islamabad reported severe shortage, while prices in Karachi, Peshawar and Quetta increased to RS190 per kilogram, challenging the official prices limits, The news reported.
In the midst of the growing crisis, the Federal Minister of National Security and Research of Food, Frog Tanveer Hussain, earlier this week he presided over a high -level meeting with the Association of Sugar of Pakistan Moletas (PSMA) and the provincial interested parties, warning about the “strict supervision” of the shares of the mills.
Citing the crisis, Prime Minister Shehbaz Sharif had also warned two days ago that anyone who violated sugar agreed would face strict action, emphasizing that no one would be allowed to exploit the public financially.
The Prime Minister issued strict directives for the application of the agreement reached between the PSMA and the Government.
According to the agreement, the former sugar mill price is established in RS165 per kilogram, while the retail price must not exceed RS173 per kilogram.
The Federal Government reiterated its resolution to continue taking energetic measures against the monopulators and the manipulators of the market.
In another extraordinary movement to control the prices of sugar and the hoarding of the sidewalk, the government had taken control of 1.9 million tons of sugar from the private mills and placed 18 sugar barons on the output control list (ECL), according to the publication.
However, the Punjab and Khyber Pakhtunkhwa chapters deny any seizure of actions by the government.
