Global sugar consumption is slowing, with declines in the United States and Western Europe and stagnation in other regions, as higher taxes on sugary drinks and the expanding use of weight-loss drugs reduce demand, analysts and industry experts say. Read More: Sugar deregulation plan stalls amid IMF pressure In the US, sugar consumption has dropped 4.4% […]
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Weekly inflation rises 4.15% as edible oil, sugar prices climb
ISLAMABAD: Pakistan’s short-term inflation, measured by the Sensitive Price Index (SPI), rose 4.15 percent year-on-year in the week ending Nov 13, driven largely by higher retail prices of edible oil and sugar, official data showed on Friday. The SPI has recorded upward momentum for 15 consecutive weeks, mainly due to price surges in perishable items […]
Govt moving towards deregulation of sugar, wheat sectors, says finmin
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Wednesday called for a fundamental shift from reactive policymaking to a forward-looking, reform-driven approach aimed at stabilizing Pakistan’s economy, restoring investor confidence, and setting a sustainable course for growth. Addressing the inaugural session of ‘The Future Summit – 9th Edition’ in Karachi, he outlined the […]
DPM chairs huddle on sugar availability, prices
Deputy Prime Minister/Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar on Thursday chaired a meeting to review the availability and prices of sugar across the country. The meeting discussed measures to ensure stable prices and sufficient market supply so that consumers are protected from artificially inflated rates due to hoarding or profiteering, a DPM’s Office news […]
Tomato Prices Soar to Rs560 per Kg in Karachi as Supply Shortage Worsens
KARACHI — The price of tomatoes has surged sharply across Karachi, reaching up to Rs560 per kilogram in retail markets as supply shortages worsen. Wholesalers say retailers are charging more than double the wholesale rate of Rs250–300 per kg. Many consumers have been forced to buy smaller quantities — as little as 250 grams — […]
Govt to import wheat, sugar despite ‘bumper’ crops to maintain ‘strategic reserves’
ISLAMABAD: Parliamentary Secretary for Finance and Revenue Zain Hussain Qureshi on Thursday informed the National Assembly that despite bumper crops, four million metric tons wheat and sufficient quantity of sugar would be imported to maintain strategic reserves of the commodities. Replying to various supplementary questions during the Question Hour, he said that the government has […]
ICCI concerned over upsurge in food prices before Ramazan
The Islamabad Chamber of Commerce & Industry has shown great concerns over the sharp upsurge in prices of daily food items before the start of Ramazan and called upon the government to take urgent remedial measures in order to save the common man from further troubles. Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & […]
ECC approves sugar export of 0.1m tons
ISLAMABAD: The Economic Coordination Committee (ECC) cabinet on Tuesday allowed the export of another 0.1 million tons sugar. Finance Minister Asad Umar chaired the meeting where the ECC after detailed discussion, approved the proposal took the decision to export additional 0.1 million tons sugar. According to the sources the ECC briefly discussed a five-point agenda. […]