PSMA should be held liable

Engr S K Baseer

Pakistan Sugar Manufacturing Association (PSMA) has been taking out large print ads in the newspapers for the past few days, trying to convince the Government to allow the export of sugar. In 2016 ECC had allowed the export of 0.5 M tonne sugar and even allowed cash subsidiary amounting to Rs.650 crore to exporting sugar companies. And later in the year, during the holy month of Ramadan, the price of sugar increased by more than 50% for the people of Pakistan.
Therefore this time, before the government allows the PSMA to export sugar, they should ensure that there is no shortage of sugar later in the year in our own country. The exporters should be financially liable for the cost of importing sugar to meet local demand and to keep prices the same for the entire year. And since research has shown that the shortage of food increases poverty and increase in food production reduces poverty, therefore, I believe if we truly want to end poverty in Pakistan, the Government should completely ban the export of food items from Pakistan. When a food item stock increases in the country it would reduce the price of the commodity and reduce poverty.

Share this post

    scroll to top