KARACHI: The prices of sugar have skyrocketed once again across the country with the rate of the sweetener rising by Rs5 per kilogramme within two days.
According to details, a 100kg sugar sack is being sold for Rs8,300 in Karachi’s wholesale market. Thus, it is available at Rs83 per kg. Moreover, in the retail market, sugar is being sold for Rs90 per kg.
According to the Karachi Wholesale Grocers Association spokesperson, the price of sugar has increased by Rs11 per kg in the past 20 days. In some areas of Karachi, the sweetener is being sold for Rs100 per kg.
In Lahore, sugar is available for Rs85-90 per kg, while in Quetta, citizens are forced to buy sugar for Rs90 per kg. In Multan and Faisalabad, sugar prices have gone up from Rs90 to Rs95 per kg.
A day earlier, Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Sheikh chaired the meeting of the National Price Monitoring Committee (NPMC) and directed provinces to check the possibilities of hoarding and black marketing especially wheat and sugar to ensure uninterrupted provision at fair prices.
In December 2020, Prime Minister Imran Khan had congratulated its team for bringing the sugar prices down through a multi-pronged strategy. In a statement, the premier had said that the sugar selling at a national average of Rs81 per kilogram versus Rs102 per kg a month back.
