Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan’s Sugar Reserves Depletion: Unveiling the Reality and Immediate Counteractions
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan Sugar Crisis
PhotoNews Pakistan > Business > Pakistan’s Sugar Reserves Depletion: Unveiling the Reality and Immediate Counteractions
Business

Pakistan’s Sugar Reserves Depletion: Unveiling the Reality and Immediate Counteractions

Web Desk
By Web Desk Published August 29, 2023 3 Min Read
Share
SHARE

The interim government addressed a pressing concern: Pakistan’s sugar reserves have shockingly reduced to just 2.3 MMT, insufficient to sustain until the next crushing season. With sugar prices doubling since the controversial decision to allow exports, the current situation appears bleak. During the Economic Coordination Committee’s (ECC) session, Revelations disclosed potential misrepresentation by the sugar industry and the previous administration. They allegedly exaggerated sugar production stats while understating consumption. This supposed miscalculation allowed for an export of 250,000 metric tonnes of sugar, despite projections indicating a surplus of 1.3 million tonnes by November.

These revelations hit hard, particularly when the populace is battling high electricity tariffs and spiralling sugar prices. The past regime’s decision to greenlight the 250,000 metric tonne sugar export immediately shot up the prices and is expected to intensify inflation due to the impending sugar shortage.

Responding to the Crisis: Measures and Decisions

The ECC, now under regular scrutiny, has been instructed to consistently report on sugar stock status, consumption rates, and pricing to ensure consistent oversight. Finance Minister Dr. Shamshad Akhtar has made her first official statement since taking office, confirming these directives. It’s essential to note that earlier, based on claims of an 8 MMT record-breaking sugar production, the PDM government authorized a significant sugar export, anticipating a surplus. This decision triggered price hikes and ensuing concerns.

Subsequently, there were whispers of a proposal to initiate sugar imports just days before the PDM government’s term concluded. However, this idea was shelved for the interim government to handle. In light of these developments, the Ministry of Food proposed to the ECC the revocation of sugar export quotas and an outright ban on sugar exports. After comprehensive discussions, the ECC confirmed that this export ban was already enforced after August 10, 2023.

Furthermore, in their battle against the sugar crisis, the ECC has instructed the Ministry of National Food Security & Research to join forces with relevant bodies to tackle sugar smuggling and stockpiling. The ECC also called for up-to-date data on wheat reserves and prices. The aftermath of the PDM government’s sugar export approval has been harsh, with sugar prices nearly doubling. To add to the growing concerns, reports suggest that the Sindh government’s decision to raise sugarcane prices will likely further inflate sugar prices, with the industry and stockists potentially hoarding the commodity for profit motives.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Dead Take 2025 psychological horror

Dead Take: Surgent Studios’ Psychological Horror Game Set for 2025 Release

Ayatollah Ali Khamenei Iran Nuclear Talks

Iran’s Khamenei Rejects US Nuclear Deal, Defends Uranium Enrichment

Adolescence

Adolescence Becomes Netflix’s Second Biggest English TV Series

Malir Jail Karachi Prisoner Escape

Sindh Orders Arrest of Malir Jail Constable in Massive Jailbreak Probe

Punjab solar panel guidelines 2025

Punjab Issues Solar Panel Installation Guidelines Amid Net Metering Cuts

Post Archives

More Popular from Photonews

Ozgur Altun Daesh operative capture 2025
Pakistan

Pakistan and Turkiye Capture Senior Daesh Operative in Joint Operation

2 Min Read
Imran Khan protest 2025
Pakistan

Imran Khan Launches Nationwide Protest from Adiala Jail

3 Min Read
Babar Azam T20 controversy
Sports

Babar Azam’s Father Slams Kamran Akmal Over T20 Exclusion Comments

2 Min Read
Entertainment

LAPD Links Diddy’s Escalade to Kid Cudi Break-In, Arson Testimony in Trial

On May 28, 2025, Los Angeles Police Department (LAPD) officer Chris Ignacio testified in Sean “Diddy”…

May 29, 2025
Entertainment

Meghan Markle Faces Backlash Over Alleged Fake Garden Harvest Post

Meghan Markle shared an Instagram post via her “As Ever” account, showcasing a basket of “fresh”…

May 31, 2025
Pakistan

Pakistan Sets Rs 1.065 Trillion Development Budget for 2025-26

Pakistan’s federal government announced plans for a Rs 1.065 trillion development budget for the 2025-26 fiscal…

May 31, 2025
Entertainment

50 Cent Plans to Discuss Diddy Pardon with President Trump, Clarifies Stance

On June 1, 2025, rapper 50 Cent announced plans to meet President Donald Trump to discuss…

June 2, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?