To ensure market stability and strength for consumers, Deputy Prime Minister (DPM) and Foreign Minister Ishaq Dar on Friday confirmed the government’s commitment to control nationwide supply and sugar prices.
The DPM expressed a resolution on the situation of sugar prevalent in the country while presiding over a meeting in Islamabad.
During the meeting, he reviewed the compliance with the agreement reached earlier and expressed satisfaction with a tendency downwards in the price of sugar.
DAR directed the Pakistan Sugar Mills Association to ensure complete compliance with the agreement for retail prices of sugar at Rs 164 per kg or below across the country.
Last week, the government and the Chinese sector signed an agreement, capping the pre -sweetener and retail prices of the sweetener for a month for a month and Rs 154 -159 and Rs.
However, the price of one kg of sugar in nationwide 274 fair-pris shops will be Rs 1330 per kg. The DAR announced the announcement after negotiating with PSMA, Radio Pakistan said.
The annual general meeting of the Chinese region (AGM) was held on Tuesday, assuring to fix retail and pre-mill prices for a month. Dar said, “The price of retail stage is fixed at Rs 164 per kg.”
Earlier, the government had rejected the demand for PSMA to correct the PSMA’s pre-profit and made it clear that any attempt to take advantage of the market would be dealt with with an iron hand.
The Chinese baron plans to increase the price in the domestic market a few weeks ago.
In consultation with the relevant quarters, the government evaluated that the cost of production, including sales tax, was less than Rs. 154 per kilogram.
