LHC’s stay order raises Sugar Prices amid all-time high inflation and the Punjab caretaker administration Mohsin Naqvi, is blaming the recent increase in Sugar Prices on Lahore High Court stay orders. It claims that these directives precluded surveillance of the sugar supply chain and the collection of sugar mill documents.
Mohsin Naqvi presided over a meeting where a report regarding the high price of sugar was presented. The report stated that Punjab authorities are unable to control the movement and smuggling of sugar to Afghanistan through Baluchistan due to stay order.
As a result, sugar hoarders were able to take advantage and drastically hike prices, creating great hardship for customers. To stabilize Sugar Prices, urgent steps are being taken to appeal and remove these directives. Since the stay orders, 1.4 million metric tons of sugar are sold at an average of Rs40 per kg. Sugar mills, brokers, traders, and speculators have profited approximately an additional Rs56 billion due to these directives. So, Naqvi claims that LHC’s stay order raises Sugar Prices amid all-time high inflation.
The difficulty in controlling sugar trafficking and smuggling to Afghanistan through Balochistan was also linked to the stay orders. These factors have led to increased sugar costs, which have surpassed approximately Rs200 per kg in some areas of Pakistan, making it critical to solve this problem as soon as possible.
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