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Govt Approves Import of 500,000 Tons of Sugar to Stabilize Prices
Federal cabinet approves import of 500,000 tons of sugar via govt sector to stabilize prices. Ministry says steps taken to avoid past subsidy burdens.
ND
by News Desk
2025-07-08
Govt Approves Import of 500,000 Tons of Sugar to Stabilize Prices

The federal cabinet has given final approval for the import of 500,000 tons of sugar through the government sector, in a bid to stabilize local market prices and prevent artificial shortages, the Ministry of National Food Security confirmed on Tuesday.

According to the ministry, all arrangements for the import have been completed, and the implementation phase is set to begin immediately. Officials emphasized that this strategic move is part of broader efforts to maintain price stability and ensure sufficient sugar stocks ahead of anticipated demand spikes.

“The import decision comes at a time when sugar is available in abundance globally, and the government wants to preempt speculative price manipulation,” a ministry official stated.

Avoiding Past Policy Mistakes

The Ministry highlighted that previous policies heavily relied on subsidies, which placed a significant burden on the national exchequer without achieving long-term price control. Learning from past experiences, the current plan aims to intervene in the market through direct public-sector imports, reducing dependency on costly subsidies.

Focus on Price Balance and Market Stability

The sugar import initiative is part of a broader food security strategy, especially in the wake of inflationary pressures and supply chain disruptions. Officials reiterated that the move is not due to domestic shortages, but rather a precautionary measure to curb hoarding, speculation, and price volatility.

The Ministry of Food Security said it will continue to monitor domestic and international sugar trends and take timely steps to protect consumer interests and prevent exploitation by market players.

 
Tagged:

PakistanEconomy

FoodSecurity

SugarImport

PriceStability

SugarPolicy
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