Deputy Prime Minister Ishaq Dar announced that the government has established the ex-factory sugar price at 154 to 159 rupees per kilogram, while the retail price for customers will be 164 rupees per kilogram for the upcoming month.
During a meeting over sugar pricing in Islamabad, the Deputy Prime Minister said that the government has established a sub-committee, chaired by Federal Minister Rana Tanvir Hussain, to address the issue within one month.
He stated that the Committee will engage all stakeholders to deliberate on the execution of a two-tier pricing scheme, wherein consumer sugar prices will be reduced while industry costs will be somewhat elevated.
Ishaq Dar said that the committee will also propose an implementation mechanism for the system, as the government aims to provide sugar to the public at affordable rates.
He observed that grievances have been reported regarding the escalation of sugar prices to 178 rupees per kilogram in recent days, which is intolerable.
