Sugar prices likely to rise in Pakistan
Pakistan may face higher sugar prices after Punjab imposed a Rs5 cess per 40kg under the Finance Act 1964. The levy is split between mills and farmers, funding road construction, as sugar and other staples grow costlier, nationwide inflation pressures
ISLAMABAD: With the rules and sugar cess, there are chances of increased sugar prices across Pakistan. The Punjab government has imposed a sugar cess of Rs 5 on 40 kg of sugar, an official notification of which has also been issued.
Sugar, ghee, cooking oil, flour, and tomatoes, onions have become expensive. According to a private channel report, the sugar cess has been implemented under the Punjab Finance Act 1964. Of this tax, two and a half rupees will be paid by sugar mills and two and a half rupees by farmers.
The government maintains that the money collected from the sugar cess will be spent on the construction and improvement of roads connected to the sugar mills.
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Source : Daily Ausaf
