In a crucial meeting chaired by Foreign Minister and Deputy Prime Minister Ishaq Dar, the government reaffirmed its commitment to regulating sugar prices and ensuring market stability. The meeting focused on the implementation of agreements made between various committees, with an emphasis on keeping the price of sugar at Rs 164 per kilogram or lower.
Government’s Stand on Sugar Price Control
According to a Foreign Office spokesperson, the Deputy Prime Minister reviewed the progress of the agreements signed between stakeholders, including sugar mill owners. He directed them to strictly comply with the price cap, warning of government intervention if market manipulation continues.
Key Takeaways from the Meeting:
The price of sugar should not exceed Rs 164 per kg.
Sugar mill owners must ensure compliance with the agreement.
The government is committed to stabilizing supply and prices.
Ensuring Affordable Sugar Prices for the Public
Pakistan has faced fluctuating sugar prices over the past few months, causing concern among consumers. The government has taken strict measures to ensure affordability and prevent hoarding.
Why is Sugar Price Regulation Important?
- Prevents artificial inflation by hoarders.
- Ensures fair pricing for consumers.
- Stabilizes the local sugar market.
- Supports economic policies aimed at controlling inflation.
Sugar Mill Owners Directed to Comply
The Deputy Prime Minister emphasized that sugar mill owners must strictly adhere to the agreed price. Any violation could lead to government action, including heavy fines and possible restrictions.
According to reports, some mill owners were allegedly trying to increase sugar prices despite the agreement. However, the government remains firm in its stance against price manipulation.
Strict Monitoring to Curb Hoarding and Profiteering
To ensure compliance, the government has announced:
Market inspections to track price fluctuations.
Action against hoarders artificially inflating sugar prices.
Strict legal action against those violating the price cap.
Pakistan’s Commitment to Economic Stability
The Foreign Office spokesperson reiterated that the government is fully committed to ensuring stable sugar prices. The efforts to regulate the sugar market are part of broader economic reforms aimed at controlling inflation and stabilizing essential commodity prices.
The Deputy Prime Minister’s orders reflect a proactive approach to safeguarding consumer rights and maintaining economic stability.
What’s Next?
Ongoing Monitoring: The government will closely monitor sugar prices in the coming weeks.
Strict Action Against Violators: Mill owners failing to comply with the agreement may face penalties.
Public Awareness Campaigns: Consumers will be informed about their rights regarding sugar prices.
The Deputy Prime Minister’s intervention signals the government’s firm stance against price manipulation. By keeping sugar prices under control, authorities aim to protect consumers from inflation while ensuring a steady supply of essential commodities.
