Tuesday, May 10 2022

PM Shehbaz imposes ban on sugar export
Prime Minister Shehbaz Sharif on Monday imposed a complete ban on the export of sugar in the country. The premier made the announcement through his official Twitter handle. “Given the domestic demand, I have ordered a complete ban on the export of sugar,” he said. He took the decision to keep sugar stocks and prices stable and has vowed to take “strict action against smuggling [and] hoarding.” Sources privy to the matter said that PM Shehbaz has ordered his economic team to meet the country’s needs first, emphasising the need to stabilise prices. He also directed them to continuously inform about the effective implementation of the ban and said that in case of negligence and omission, the concerned officers and staff will be held responsible. A day earlier, it had been reported that the prices of various essential food items at the utility stores witnessed an increase as the relief package the government put in place during Ramazan expired.
Related news categories: business economic-indicators misc sugar