Higher cost: Minister for control on sugar prices

PSMA says the country have sufficient stock to cater to the demand until next April

ISLAMABAD:

Federal Minister for Commerce Khurram Dastgir chaired a meeting to discuss price movements in the sugar market and ensure its stabilisation.

The meeting was convened on the directives of the Economic Coordination Committee and was attended by representatives of the Ministry of Commerce, Ministry of Industries and Pakistan Sugar Mills Association (PSMA).

Government officials directed the PSMA to enhance the supply of sugar in the open market in order to ensure that prices stayed at a reasonable level.

PSMA members told the meeting that the country had a stock of 3.8 million tons of sugar, which was sufficient to cater to the demand until next April.

They described the increase in prices as a small change which was because of the sudden jump in demand for the commodity due to Ramazan. Dastgir said the welfare of consumers was the prime objective of the government.

Published in The Express Tribune, July 4^th, 2015.

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