Pakistan Govt to import 500,000 tonnes of sugar to crush price hike and hoarding
To curb rising prices and prevent hoarding, the Pakistani government will import 500,000 tonnes of sugar. Officials aim to boost supply, break stockists’ monopoly, and stabilize the market. Strict action is promised against profiteers and black marketers to ensure sugar remains affordable for consumers amid inflationary pressures.
ISLAMABAD – The federal government has decided to import 500,000 tonnes of sugar to control rising prices and prevent a possible market shortage, officials confirmed on Wednesday.
The decision was taken in a high-level meeting, where authorities agreed that the import would be carried out through government channels. This proactive step aims to flood the market with sufficient supply before the situation worsens.
Officials warned that no one would be allowed to manipulate prices. “We will not let hoarders and profiteers call the shots,” said a senior government official, vowing strict enforcement against black marketing and illegal stockpiling.
Moreover, those caught selling sugar at inflated prices or creating artificial shortages will face serious consequences. Authorities have issued clear instructions to take action without delay against violators.
The import move is designed to break the monopoly of stockists and bring relief to ordinary citizens, already battling rising costs of living. The government wants to ensure that essential items remain within the reach of the average consumer.
With this large-scale import, officials hope to bring stability to the sugar market and send a strong message that price manipulation will not be tolerated.
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Source : Daily Times
