The Pakistani government has decided to import sugar after prices increased sharply in local markets. This comes just weeks after the government allowed sugar exports, expecting that domestic prices would remain stable.
Earlier this year, sugar producers were given permission to export around 500,000 tonnes of sugar. In return, they assured the government that local prices would stay between Rs 145 and Rs 150 per kilogram. However, soon after the exports began, sugar prices rose above Rs 180 per kg, creating concern among consumers and the government.
To control the rising prices, the government has now planned to import raw sugar. This sugar will be refined within the country, which is expected to improve supply and bring down market prices. Officials believe this move will also help keep sugar mills operating throughout the year, avoiding seasonal shutdowns.
A high-level committee has reviewed the situation and believes importing raw sugar is better than buying refined sugar from abroad, which is more expensive.
Some critics argue that the price increase was not just due to exports but also because of poor market monitoring and artificial shortages. They also worry that sugar imports might take several weeks to arrive and may not benefit ordinary consumers immediately.
Despite these concerns, the government hopes this step will reduce prices and ease the pressure on households, especially before major festivals.