Islamabad: The federal government has announced a restriction on sugar exports, claiming that the prohibition will lower sugar prices and help the people.
The decision was made in a session headed by Prime Minister Shahbaz Shareef, according to details. According to the administration, the export prohibition will lower prices and bring relief to the people.
According to sources, the restriction will be in effect for the rest of the year because the government has sufficient reserves to meet its needs. Despite having ample stocks, the Prime Minister has decided to prohibit sugar exports.
The government stated that the price of sugar has not been increased in a statement released by the Ministry of Industry and Production. The press reports about the price rise are erroneous; there has been no such adjustment in prices as reported.
Government teams visited markets in Lahore, Karachi, and Islamabad, ensuring that the retail price of sugar is Rs85 per kg and the wholesale price is Rs82 per kg, according to the statement.
The government has taken notice of stores selling sugar for Rs94 per kg and will take appropriate measures against those responsible.
The government also made carrying a CNIC mandatory when shopping at any utility store. This was done to prevent a few people from buying in bulk and to provide everyone the opportunity to purchase at utility stores.