High sugar prices mock govt's decision

ISLAMABAD - The government seems to have failed to implement its own decision to sale sugar at Rs 72 per kg, as still prices of the commodity are fluctuating around Rs 90 per kg in most parts of the country, it was learnt on Tuesday. The federal as well provincial governments had decided to make arrangements to sale the commodity at Rs 72 per kg in the country. A meeting on sugar prices was held on November 12 at the Interior Ministry in which Interior Minister Rehman Malik had contacted all the provincial Chief Secretaries regarding sugar supply position. It was decided that a uniform price will be maintained throughout the country that was Rs 71-72 per kg, an official of the Ministry told this scribe. It is worth mentioning here that price of the commodity had gone beyond Rs 120 per kg few days back. Later, it started declining to the level of Rs 85 per kg. However, the prices are still higher than what the government had decided to sale. Meanwhile, official figures of the Federal Bureau of Statistics showed that the sugar prices were recorded at Rs 84 per kg on Monday. Market sources told TheNation that the prices would further reduce after Eid days, however, they believed that it could take some time to bring prices at Rs 72 per kg. On the other hand, the sources in Ministry of Industries and Production told this scribe that the Trading Corporation of Pakistan, which is supposed to be responsible for the current sugar crisis, is releasing the commodity in the market that helps reduce the prices to some extent. Talking about the current high commodity price, he said, It is the responsibility of the provinces to keep an eye on the prices and to take action against those behind the artificial shortage.

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