Federal Minister for National Food Security and Research, Mr. Rana Tanveer Hussain, chaired an important meeting with representatives of the Pakistan Sugar Mills Association (PSMA) and other key stakeholders from all provinces to review the current sugar market situation, pricing trends, and supply chain dynamics.
During the meeting, the Federal Minister expressed serious concern over the artificial hike in sugar prices and warned of strict action against all those who are involved in hoarding and market manipulation. He announced that a nationwide crackdown is currently underway against those disrupting the sugar supply chain. As a result of these decisive actions, sugar prices have started to decline significantly from Rs. 200 per kg to Rs. 175–180 per kg in various markets.
The Minister specifically warned those sugar mills that are not releasing their existing stocks, stating that hoarding will not be tolerated under any circumstances. He directed all provincial governments to ensure timely lifting of sugar from mills and facilitate its smooth transportation to markets.
He also noted with concern the exploitative role of certain middlemen and market intermediaries who are capitalizing on the volatility of the market. The federal and provincial authorities are now actively pursuing legal and administrative actions against such elements to curb unjust profiteering.
Later, Federal Minister Rana Tanveer Hussain chaired a high-level meeting of the Steering Committee on Sugar Imports, where all technical, procedural, and operational challenges related to sugar importation were reviewed and resolved.
“The government is determined to protect the public from exploitation and maintain stability in the prices of essential commodities. We will ensure transparency and accountability at all levels,” the Minister affirmed.
