Iftar Timings Mar 28 - Ramazan 17

Lahore
LHR
06:20 PM
Karachi
KHI
06:46 PM
Islamabad
ISB
06:26 PM
Peshawar
PWR
06:30 PM
Quetta
QTA
06:49 PM

News

Wholesalers claim having panacea for reducing sugar price

October 23, 2021 01:03 PM


The price of sugar has surged once again registering a hike of Rs10 per kilo at wholesale in one week. Now the rate of 100kg sugar sack has reached Rs10,800 after an increase of Rs1,000 in its price, reported 24NewsHD Tv channel.

Talking to 24News TV channel on Saturday, Chairman Wholesale Grocery Association Abdul Rauf Ibrahim said that the price of sugar was soared once again. The ex-mill rate of the commodity has been hiked to Rs108.50 per kg and at wholesale market, it is available for Rs110/kg. The recent increase has pushed its price up from Rs120/kg to Rs125/kg in retail, he added. 

Mr Ibrahim stated two reasons behind the recent hike i.e. off season and less stock of sugar in mills. He was of the view that the Trading Corporation of Pakistan should stop providing sugar to the utility stores. He said the TCP had already provided 150,000 tonnes of sugar to the utility stores and it would provide another 150,000 tonnes later. 

He claimed that if sugar was provided to the wholesale dealers, they would buy it for Rs90/kg and sell it for Rs92/kg. In this way, sugar would reach every nook and corner of the country through a supply chain network of retailers.

He was of the opinion that arresting people was no answer to the problem. The government should hold talks with millers. He maintained that sugar mills owners had their own associations. The government should invite them for dialogue and their point of view should be listened, he suggested. He called upon Prime Minister Imran Khan and Advisor on Finance Shaukat Tarin to listen to the grievances of traders and chalk out an impressive policy. 

 

Reporter Baseem Iftikhar



Most Read

  1. Aitchison College principal resigns over differences with Punjab governor Aitchison College principal resigns over differences with Punjab governor
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  4. Tribal firefight in Gotki, Motorways section shut down Tribal firefight in Gotki, Motorways section shut down
  5. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  6. Transferred: Lawman bears the brunt of flagging down lawmaker Transferred: Lawman bears the brunt of flagging down lawmaker

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer