TCP imports most expensive sugar in country’s history
The federal government has imported the most expensive sugar in the history of Pakistan as the Trading Corporation of Pakistan has purchased the commodity for Rs109.90 per kilo and after adding other expenditures to its price, it will cost to utility stores Rs123 per kg, reported 24NewsHD TV channel.
Sources informed 24NewsHD on Sunday that a shipment of 28,760 metric tonne imported sugar has reached Pakistan.
The imported sugar is costlier by Rs25.15 per kilo as compared to official ex-mill rate.
So, the utility stores have to pay Rs33.25/kg extra to buy the imported commodity than the government-fixed retail price.
Sugar is being sold for Rs85 per kilo at utility stores. The difference between purchase and sale prices would be made up by the government subsidy.
Sources further informed that the landed cost of the last shipment of 100,000 tonne sugar was Rs89.26 per kilo and the government fixed ex-mill rate of the commodity at Rs84.75.
The government has fixed Rs89.75/kg retail price of sugar, sources concluded.
Reporter Waqas Azeem