BR100 Increased By (0.3%)
BR30 Increased By (0.17%)
KSE100 Increased By (0.21%)
KSE30 Increased By (0.26%)
AGHA 6.79 Increased By ▲ 0.11 (1.65%)
BECO 4.41 Increased By ▲ 0.04 (0.92%)
BML 56.72 Decreased By ▼ -0.60 (-1.05%)
BOP 30.43 Increased By ▲ 0.08 (0.26%)
CNERGY 13.20 Increased By ▲ 0.08 (0.61%)
CSIL 5.47 Increased By ▲ 0.06 (1.11%)
FCCL 53.02 Increased By ▲ 0.23 (0.44%)
FFL 14.82 Increased By ▲ 0.10 (0.68%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.11 Increased By ▲ 0.02 (0.33%)
KOSM 5.76 Increased By ▲ 0.03 (0.52%)
LOTCHEM 26.61 Increased By ▲ 0.15 (0.57%)
MLCF 93.55 Increased By ▲ 0.39 (0.42%)
NBP 164.80 Increased By ▲ 0.14 (0.09%)
NCPL 55.89 Increased By ▲ 0.23 (0.41%)
NPL 61.21 Increased By ▲ 0.05 (0.08%)
OGDC 316.20 Decreased By ▼ -0.53 (-0.17%)
PACE 9.98 Increased By ▲ 0.11 (1.11%)
PAEL 35.65 Increased By ▲ 0.02 (0.06%)
PIBTL 15.03 Increased By ▲ 0.35 (2.38%)
PPL 226.72 Decreased By ▼ -0.19 (-0.08%)
PRL 94.18 Increased By ▲ 1.16 (1.25%)
PTC 60.65 Increased By ▲ 0.39 (0.65%)
SSGC 23.84 Increased By ▲ 0.03 (0.13%)
TBL 8.80 Increased By ▲ 0.05 (0.57%)
TELE 7.90 Increased By ▲ 0.10 (1.28%)
TPL 22.31 Decreased By ▼ -0.04 (-0.18%)
TPLP 12.90 Decreased By ▼ -0.07 (-0.54%)
TREET 22.31 Increased By ▲ 0.15 (0.68%)
TRG 56.32 Decreased By ▼ -0.24 (-0.42%)

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Tuesday strongly criticised the government’s move to import 500,000 metric tons of sugar, calling it a “deliberate, well-orchestrated conspiracy benefiting the sugar mafia and political elites”.

A PTI spokesman accused the government of orchestrating the current sugar crisis to enable profiteering by powerful businessmen while ordinary citizens suffer.

The government’s earlier authorisation to export 765,000 metric tons of sugar, despite claims domestic supply would remain stable, has resulted in severe shortages and price hikes from Rs140 to over Rs200 per kilogramme.

Sugar imports, exports: ‘Govt’s handling inflicts billions of rupees in losses’

He condemned the government’s decision to import sugar duty and tax-free, estimating the cost to the national treasury at Rs72 billion, while the sugar mafia had already gained 92 billion rupees.

The PTI claimed that approximately 2.6 million metric tons of sugar are already stockpiled domestically, making imports unnecessary.

He claimed that the Finance Ministry opposed the import decision, which was made without the finance minister’s consent, raising questions about who controls economic decisions.

PTI called for a judicial inquiry into the scandal, demanding transparency on profiteers, investigations into hoarding, affordable sugar supplies, and accountability for those responsible.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.