AIRLINK 200.29 Increased By ▲ 2.74 (1.39%)
BOP 10.49 Increased By ▲ 0.22 (2.14%)
CNERGY 7.21 Increased By ▲ 0.26 (3.74%)
FCCL 34.94 Increased By ▲ 0.52 (1.51%)
FFL 17.42 Decreased By ▼ -0.24 (-1.36%)
FLYNG 24.85 Increased By ▲ 0.25 (1.02%)
HUBC 127.81 Increased By ▲ 0.08 (0.06%)
HUMNL 13.81 Decreased By ▼ -0.02 (-0.14%)
KEL 5.00 Increased By ▲ 0.12 (2.46%)
KOSM 7.03 Increased By ▲ 0.34 (5.08%)
MLCF 44.62 Increased By ▲ 0.47 (1.06%)
OGDC 222.15 Decreased By ▼ -2.76 (-1.23%)
PACE 7.42 Decreased By ▼ -0.08 (-1.07%)
PAEL 42.80 Decreased By ▼ -0.06 (-0.14%)
PIAHCLA 17.39 Increased By ▲ 0.17 (0.99%)
PIBTL 8.51 Decreased By ▼ -0.03 (-0.35%)
POWER 9.15 Increased By ▲ 0.03 (0.33%)
PPL 192.73 Decreased By ▼ -1.57 (-0.81%)
PRL 41.50 Increased By ▲ 2.74 (7.07%)
PTC 24.44 Increased By ▲ 0.10 (0.41%)
SEARL 101.27 Increased By ▲ 1.40 (1.4%)
SILK 1.05 Increased By ▲ 0.05 (5%)
SSGC 43.87 Increased By ▲ 0.11 (0.25%)
SYM 18.76 Increased By ▲ 0.18 (0.97%)
TELE 9.54 Increased By ▲ 0.42 (4.61%)
TPLP 13.08 Increased By ▲ 0.12 (0.93%)
TRG 66.19 Increased By ▲ 2.09 (3.26%)
WAVESAPP 10.53 Increased By ▲ 0.16 (1.54%)
WTL 1.78 No Change ▼ 0.00 (0%)
YOUW 4.04 Increased By ▲ 0.02 (0.5%)
BR100 12,040 Increased By 72 (0.6%)
BR30 36,689 Increased By 5 (0.01%)
KSE100 114,804 Increased By 574.1 (0.5%)
KSE30 36,102 Increased By 118.3 (0.33%)

LAHORE: Taking notice of surge in sugar prices, Cane Commissioner Punjab Abdul Rauf has asked the deputy commissioners of Rahim Yar Khan and Dera Ghazi Khan to take immediate strict steps for putting an end to smuggling of the sweetener to stabilize its prices in the domestic market.

In two separate communiqués to the deputy commissioners of Rahim Yar Khan and Dera Ghazi Khan said that sugar prices in the province have surged to a great extent, during the past few weeks and this trend is still ongoing. “It has been learnt that this increase in the sugar prices has occurred, inter alia, because of massive smuggling of the commodity. There is an apprehension that sugar stocks’ depletion would compel the government to import sugar at much higher rates,” the letter added.

The Cane commissioner asked the administration of both the above-mentioned districts to take immediate remedial measures in order to stop smuggling of sugar so that its prices may get stabilized and under the access of common man.

Meanwhile, sugar prices on Monday reached Rs 14000-14100 per 100 kilograms in the Akbari Market, the biggest commodity market of the country. Hamid Akmal, a sugar and ghee dealer while talking to this scribe said that some 15 days earlier, this price was hovering around Rs 11,000 per 100 kilograms thus adding Rs 30 per kilograms in just a fortnight. When asked, he said sugar industry circles were also quoting smuggling and shortage of the commodity as responsible for this steep rise which, he said, seemed not to come to an end.

Copyright Business Recorder, 2023

Comments

Comments are closed.