Panel okays 500,000MT sugar imports

[ad_1] ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday chaired a follow-up meeting of the steering committee on the import of sugar. Following earlier deliberations, the committee confirmed the decision to import 500,000 metric tonnes of sugar through both the Trading Corporation of Pakistan (TCP) and the private sector. The deputy PM … Read more

Merchants threaten sugar sales halt

[ad_1] RAWALPINDI: The Central Grocery Merchants Association has sent a formal letter of protest to the federal government over the worsening sugar crisis, criticising its pricing policies and threatening to suspend sugar sales if wholesale prices continue to rise unchecked. Association Secretary General Rizwan Shaukat and Patron-in-Chief Saleem Pervaiz Butt stated that the price of … Read more

Dar reviews pricing, supply of sugar

[ad_1] ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Friday chaired a follow-up meeting to review the pricing and supply of essential food items, particularly sugar. The meeting was attended by the Minister for National Food Security, SAPM Tariq Bajwa, Secretaries of Food Security & Industries, and other senior government officials. The … Read more

Sugar, rice prices soar in wholesale markets

[ad_1] RAWALPINDI: With the upcoming fiscal year’s budget implementation looming, wholesale markets have begun raising prices. The price of a 50kg sugar sack rose by Rs300 on Wednesday, and an additional Rs200 increase is expected this week, pushing the retail price of sugar up by Rs10 to Rs190 per kg. The price of tea leaves … Read more

Traders announce halting sugar sales over govt failure

[ad_1] RAWALPINDI: The Karyana Merchant Association Punjab has strongly condemned the continued and devastating rise in sugar prices, attributing the crisis to the government’s complete failure to intervene. In response, the association has announced a province-wide halt in sugar sales at all grocery stores and has appealed to the public across the country to boycott … Read more

The sugar swindle

[ad_1] Listen to article The sweetener has left sourness with the customers. The incongruous decision of the federal government to export sugar and then import it back is being pondered by the hapless nation with their jaws dropped. Either the authorities are too naïve to understand the mechanics of basic economics, or they are obsessed with vested … Read more

Govt to import sugar after exports

[ad_1] ISLAMABAD: In a paradoxical move, the government on Thursday decided to import 750,000 metric tonnes of sugar after having already exported nearly the same quantity during the current fiscal year — a move that has driven domestic prices sharply higher, benefitting sugar millers. The move has raised questions over the rationale behind the government’s … Read more