The federal government has announced to ban the export of sugar, saying the ban would drop sugar prices and provide relief to the people.
This decision was made in the session chaired by Prime Minister Shahbaz Shareef. The government claims that the export ban would lessen the prices and provide relief to the people.
Sources say that the ban would be in place for the rest of the year, the country has enough reserves to fulfil its needs for the rest of the year. The Prime Minister has decided to ban sugar exports despite having excess reserves.
In a statement issued by the Ministry of Industry and production, the govt had clarified that the price of sugar has not been increased. The news reports about the increase are false, there has not been such a change in prices as mentioned in the reports.
