Faisalabad: Pakistan government are leaving no stone unturned to low down sugar prices. According to the reports, in a crackdown against hoarders, the district administration sealed two godowns where over 8,000 sugar bags and other commodities were stored. Acting on the tip-off, a team headed by AC (Sadder) Umar Maqbool raided at godowns in Chak No 219-Jajwala road and Kookianwala road and found 8000 sugar bags of 50 kg and other commodities hoarded.
The Shortage of sugar has led to the hike in the price of this commodity in Pakistan. Sugar prices are skyrocketing across the country.
According to the reports, in Lahore, the retail price of sugar has hiked to Rs 85 per kg and 50 kg sack is being sold at a wholesale price of Rs 4,000. The same scenario is in Karachi, Faisalabad and other cities. People are agitating against the hike in rates and are demanding the government to intervene and act.
Taking strict action to keep a check on the hike in sugar prices, the Punjab government in Pakistan has decided to declare all illegal activities carried out within the industry as “non-bailable crimes”.
The Price Monitoring Committee, in its recent meeting, expressed serious concern at the hike in sugar price. As a precautionary measure, Pakistan has decided to import 300,000 tons of sugar and to impose a ban on its export.
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