Deputy Prime Minister Ishaq Dar has emphasized that the retail price of sugar should not exceed Rs 164 per kilogram, addressing growing concerns over price manipulation in the sugar market. His remarks follow a warning from the Competition Commission of Pakistan (CCP) to sugar mills against engaging in anti-competitive practices that could drive prices higher, as reported by Express News.
Speaking at a press conference, Senator Dar revealed that the Prime Minister has established a committee to tackle the issue of rising sugar prices. Despite government efforts to stabilize sugar prices at Rs 130 per kilogram, retail prices in certain markets have soared to over Rs 180 per kilogram, sparking widespread concern among consumers.
Dar explained that the government convened a late-night meeting to address the situation and devise strategies to prevent prices from escalating to Rs 180–200 per kilogram. “We must ensure that the common man can purchase sugar at an affordable rate, but this requires an effective distribution system and implementation mechanism,” he stated. He added that a subcommittee, led by Minister for National Food Security and Research Rana Tanveer Hussain, has been formed to review the situation and verify sugar mills’ claims regarding price increases. The subcommittee will submit its findings by April 19.
Dar also clarified the Federal Board of Revenue (FBR) sales tax on sugar, noting that it would be applied at Rs 154–155 per kilogram, with a price cap set at Rs 159. He underscored the need for intelligence reports and collaboration with the CCP to monitor the market and enforce necessary actions.
The Deputy Prime Minister reiterated the government’s commitment to promoting fair competition and safeguarding consumers from unjustified price hikes. He assured the public that there would be no sugar shortage in the country, highlighting that 274 utility markets are currently supplying sugar at Rs 130 per kilogram. Dar also confirmed that measures are in place to prevent any potential sugar crisis.
Regarding the upcoming sugar crushing season, Dar announced that sugar mill owners would begin operations on schedule, with the crushing season set to start from November 1 next year. He warned that strict action would be taken against any mill owners who fail to adhere to the timeline.
