The Federal Cabinet of Pakistan has approved the import of 500,000 tonnes of sugar through the public sector, in an effort aimed at stabilizing domestic sugar prices and ensuring sufficient supply in the country.
According to the Ministry of National Food Security, all necessary arrangements for sugar import have been finalized, and implementation measures are now being promptly initiated. This proactive decision is intended to maintain price stability in local markets and alleviate the economic burden placed on citizens due to rising sugar costs.
Explaining the rationale behind this move, the Ministry highlighted that the current import strategy significantly differs from those previously executed by past governments and represents a clearly improved and more efficient approach. Historically, artificial shortages of sugar were frequently created, consequently leading the government to rely heavily on subsidies and generating unnecessary financial burdens on the national exchequer.
In contrast, the present administration previously approved sugar exports only when stocks were abundant within the country. Now, as domestic sugar prices require further stabilization, the government is proactively importing additional sugar stocks, demonstrating sound market management planning.
The Ministry of National Food Security reiterated its commitment to transparently addressing the situation and ensuring a stable and balanced sugar supply in Pakistan’s markets.
