Ahsan Iqbal blames PPP’s Naveed Qamar for hike in sugar prices

ISLAMABAD: Pakistan Muslim League Nawaz (PMLN) chief Ahsan Iqbal has blamed Pakistan Peoples Party (PPP) Naveed Qamar for the hot hike in sugar prices in Pakistan, ARY News reported.

In an interview with a non-public channel, PML-N’s Ahsan Iqbal lashed out at former federal minister for trade Naveed Qamar for exporting sugar.

He stated that PPP’s Naveed Qamar accepted the export of sugar and PML-N can’t be blamed for the hike in sugar prices as the choices have been taken by means of the PDM coalition executive.

On the opposite hand, Naveed Qamar defended his choice of exporting sugar pronouncing that Pakistan had further sugar that’s why sugar export used to be allowed. The sugar disaster is not going to finish till the smuggling and hoarding is stopped.

Read extra: Sugar worth reaches as much as Rs195kg in Karachi

Earlier, sugar prices hiked as much as an all-time prime in Karachi to Rs195 in step with kg as weekly inflation continues to boost up.

According to main points, the sweetener is being offered between Rs185 to Rs195 in Karachi’s retail marketplace, whilst the velocity in the wholesale marketplace reduced to Rs178 in step with kg from Rs180.

Despite the lower in the wholesale marketplace worth of sugar, the outlets are promoting the similar at their desired price.

In a commentary, Rauf Ibrahim – Chairman Wholesale Grocers Association – stated that the sugar mafia and hoarders created an ‘artificial shortage’ of sweetener and lowered its provide into the marketplace.

It is pertinent to say right here that the Ministry of Commerce and Industries dominated out the lack of sugar in Pakistan.

The explanation got here after resources claimed that Pakistan is looking for to import sugar from Brazil.

The resources inside the ministry stated Pakistan has enough inventory of sugar greater than 2 million metric heaps, which is enough for the rustic’s use till December.

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