A Bitter reality, The government, far from being a neutral regulator, frequently enables this system through subsidies. Why is Sugar Expensive in Pakistan? Here is the Real Reasons Behind the Rising Cost of Sugar in Pakistan
PM Shehbaz Sharif announced the formation of a high-level committee to deregulate Pakistan’s sugar sector, tasked with reviewing rules on production, pricing, and trade.
The Federal government has approved the import of 500,000 metric tons of sugar just months after allowing the export of nearly the same quantity. This decision has significantly contributed to the current sugar crisis and record-high domestic prices.
However, economic observers and political opponents are questioning the government’s credibility and competence in managing essential commodities, describing the situation as a self-inflicted policy failure.
“First, they allowed exports, driving prices up and rewarding millers, and now they’re importing the same commodity with public money. This is economic mismanagement.
According to the Pakistan Bureau of Statistics (PBS), Pakistan exported 765,734 metric tons of sugar between July and May of the current fiscal year, earning Rs114 billion, a massive 2,200% increase over the previous year.
The move drastic ally shrunk domestic supply and sent prices soaring, with sugar now retailing between Rs170 and Rs190 per kilogram, compared to Rs140–Rs150/kg before exports were approved.
