The Ministry of Industries and Production has warned sugar millers and distributors against profiteering after a Rs900 increase per 50-kg bag, or Rs18 per kg, in refined sugar prices. The government has vowed strict action against violators to prevent further price hikes and ensure consumer relief during Ramazan.
A high-level meeting, chaired by Federal Minister for Industries and Production Rana Tanveer Hussain, reviewed the rising sugar prices. The meeting was attended by Federal Board of Revenue (FBR) Chairman Rashid Mehmood Langrial and other senior officials. Discussions focused on stabilizing prices and protecting consumers from further increases.
Sugar prices in Pakistan have continued their upward trend for the 10th consecutive week, rising by Rs4.93 per kg over the past week to reach a nationwide average of Rs150.43 per kg, according to the Pakistan Bureau of Statistics (PBS).
Last year, the government-linked sugar export approvals to price stability, but local prices have remained volatile. Between June and October 2024, authorities allowed the export of 750,000 metric tonnes, including a final approval of 500,000 metric tonnes in October.
Market analysts attribute the sustained price hike to supply constraints and increased export-driven demand. Despite official price caps, reports suggest that sugar is being sold at even higher rates in various cities, exacerbating the financial strain on lower- and middle-income households.
Federal Minister for Industries and Production stated that the government would not allow an unjustified increase in sugar prices during Ramazan. He directed authorities to take firm steps to regulate prices, prevent hoarding, and maintain an uninterrupted sugar supply. The ministry will implement a strict monitoring system to curb artificial price hikes.
The final decision on sugar pricing will be announced on Thursday, February 6. The meeting also addressed farmers’ concerns about sugar production and pricing, with Hussain urging mill owners to involve farmers in profit-sharing and address their financial and production-related issues.
The minister reiterated that ensuring stable sugar prices is the government’s responsibility and that relief measures will be enforced throughout Ramazan. Sugar mill owners have been given one week to consult on pricing before the final announcement.
