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Food supply

Pakistan Government Cracks Down on Sugar Mills Over Artificial Inflation

Strategic Insights

— 2 min read

The Government of Pakistan has expressed grave concern over reports that several sugar mills are not complying with the fixed ex-mill rate of Rs. 165 per kilogram, contributing to artificial inflation in the sugar market. Federal Minister for National Food Security and Research, Mr. Rana Tanveer Hussain, chaired a high-level meeting with the Pakistan Sugar Mills Association (PSMA) and provincial agriculture departments to address the issue. The Minister warned the PSMA that if they fail to ensure compliance among their members, the government will initiate a countrywide crackdown on mills involved in hoarding, profiteering, or overpricing.

Key Takeaways:

  • Federal Minister for National Food Security and Research, Mr. Rana Tanveer Hussain, chaired a high-level meeting with the Pakistan Sugar Mills Association (PSMA) and provincial agriculture departments to address the issue of non-compliance with the fixed sugar price.
  • The Minister expressed grave concern over reports that several sugar mills are not complying with the fixed ex-mill rate of Rs. 165 per kilogram, contributing to artificial inflation in the sugar market.
  • The Minister warned the PSMA that if they fail to ensure compliance among their members, the government will initiate a countrywide crackdown on mills involved in hoarding, profiteering, or overpricing.
  • The Minister directed all provincial governments to provide detailed compliance reports within 24 hours and asked them to enhance monitoring at the district level to curb any illegal practices by mill owners.
  • The Ministry will work in close coordination with relevant enforcement bodies, including the Federal Board of Revenue (FBR) and provincial food authorities, to take legal action against violators.
  • The Minister reiterated the government's commitment to protect the rights of consumers and maintain price stability in essential commodities.

Statistics:

  • Fixed ex-mill rate of Rs. 165 per kilogram,
  • The Minister directed provincial governments to provide detailed compliance reports within 24 hours,
  • The Ministry will work in close coordination with relevant enforcement bodies to take legal action against violators.

Sources:

  • The information was released by the Government of Pakistan: Federal Minister for National Food Security and Research, Mr. Rana Tanveer Hussain, chaired a high-level meeting with representatives of the Pakistan Sugar Mills Association (PSMA), provincial agriculture departments, and key stakeholders from across the country. (Source: Ministry of Information and Broadcasting, Press Information Department)

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