PSMA refuses to sell sugar at Rs 63 per kg

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Pakistan Sugar Mills Association (PSMA) has refused to sell sugar to the retail shops at Rs 63 per kg as per the order issued by the government. PSMA has stated that the price fixed by the government is not legal. The Ministry of Industries and Production had yesterday sent a letter to the PSMA to sell sugar at Rs 63 per kg to utility stores so it could sell the commodity at Rs 70 per kg to the consumer, as directed by IHC.

The association has however stated that they are ready to sell sugar at Rs 70 per kg and can supply 60,000 tonnes of sugar in the market.
According to the media report, it said that until under the court order, the federal government can make arrangements to procure the sugar at that rate.

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