Lahore: Pakistan’s Punjab government has ordered the administration to lift sugar stocks from sugar mills in three days to ensure that there is sufficient sugar in the market that would keep a check on the price rise, reports Thenews.
The deputy commissioners of the respective districts would take possession of sugar stocks that would be around 0.2 million tonnes in the warehouses of the mills.
The confiscated sugar would release the supply pressure that would ease the prices of the commodity in the market. The sugar mills have increased the prices of sugar from Rs 100 per kg to Rs 150 per kg and have earned more than Rs 25 billion in three months.
We are taking action against the millers as per the order of the Lahore High Court that stated on May 4, 2023, that the provincial government can fix the price of essential commodities, said a senior official of the Pakistan Sugar Mills Association (PSMA).
