The federal government has announced plans to completely deregulate Pakistan’s sugar sector. A special committee led by Federal Power Minister Awais Leghari has drafted recommendations, which will be submitted to Prime Minister Shehbaz Sharif in the next two days, confirmed Federal Minister for Food Security Rana Tanveer Hussain.
Rana Tanveer stated that the government aims to end all sugar import and export quotas, allowing market forces to determine prices. He highlighted that several sugar mills are already operational, with more than 36 mills having activated their boilers.
The minister further noted that sugar stocks are sufficient, even if crushing continues into early December. Additionally, the Federal Board of Revenue (FBR) portal for imported sugar sales remains open. About half of the imported sugar has already been sold, while the remainder will be distributed according to market demand.
This move is expected to increase competition, streamline sugar trade, and ensure price transparency across local and imported sugar markets.
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