AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)
Pakistan

PM Shehbaz orders ban on sugar export

  • Says there will be strict action against smuggling and hoarding of the commodity
Published May 9, 2022

Prime Minister Shehbaz Sharif imposed on Monday a total ban on the export of sugar, hoping to stabilise its price by making a higher amount of the commodity available in the domestic market.

“Given the domestic demand, I have ordered a complete ban on the export of sugar,” he tweeted.

“There will be strict action against smuggling and hoarding. Absolutely zero tolerance for those found negligent in their duties.”

Following the end of the Rs8.2 billion Ramzan Relief Package, the government subsidised sugar and sold it at Rs70 per kilogram in Utility Stores through a Rs750 million subsidy.

Utility stores raise rates of food items as Ramazan package ends

Earlier, Federal Minister for Information Marriyum Aurangzeb said that during Imran Khan’s rule, the prices of flour, sugar, ghee and medicines had reached an all-time high.

She said that PM Shehbaz had given relief to the people, who had been suffering from inflation for four years, within two weeks of forming the government by bringing down sugar, ghee and wheat flour prices at Utility Stores.

Last week, Chief Secretary Punjab Kamran Ali Afzal expressed his displeasure over the sale of sugar at more than Rs 70 per kg in Ramazan bazaars in some districts and sought a detailed report from divisional commissioners.

CS expresses displeasure over sale of sugar at higher price

The Chief Secretary said clear instructions had been issued to ensure the availability of sugar at Rs 70 per kg in Ramazan bazaars but some officers did not ensure compliance.

He warned that the implementation of directions be ensured and no negligence would be tolerated.

Comments

Comments are closed.