The federal cabinet has given the final approval to import 500,000 tons of sugar to stabilize the market. The government sector will manage the import process, and all preparations are complete. The Ministry of Food Security confirmed that import operations will start without delay.
The ministry explained that this move aims to keep sugar prices balanced across the country. This import plan is different from past approaches, as it focuses on a better strategy. Previously, sugar shortages were artificially created, forcing the government to rely heavily on subsidies to control prices.
Earlier, sugar export decisions were made when local supplies were abundant. However, with sugar prices rising sharply now, the government is importing sugar to meet demand and stabilize the market, the ministry added.
In Karachi, wholesale sugar prices have increased to 179 rupees per kilogram, rising by 3 rupees after the Ashura festival. Since mid-May, wholesale prices have surged by 13 rupees per kilogram, showing steady upward pressure on the market.
Retail prices in Karachi have also climbed significantly, now ranging between 190 and 200 rupees per kilogram. On May 15, retail sugar was sold at 170 rupees per kilo. This means consumers are paying 20 to 30 rupees more per kilogram than just two months ago, highlighting the urgent need for the government’s import plan.