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Punjab launches investigation into increase in sugar price, smuggling

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The Punjab government on Sunday has launched probe over the continuous increase in sugar price and smuggling to Afghanistan.

Sources said the investigation will find out which routes were used to smuggle sugar to the other side of the border. The Cane Commissioner has asked for details from the sugar mills in this regard, which mill owners and dealers are involved in sugar smuggling will be investigated. So far four lakh tons of sugar has been smuggled to Afghanistan. Sources added that due to the increase in the price of sugar by 25 rupees per kg, the mill owners have benefited to the tune of 115 billion rupees.

The price of sugar continues to increase in different cities of the country as the sugar price also jumped to Rs6,000 per 50kg bag in a month in wholesale market.

In Faisalabad, sugar price increased from Rs130 to Rs135 after an increase of Rs40 per kg.

The price of sugar has increased by Rs20 in Hyderabad whereas it has gone up to Rs120 in the wholesale market and Rs130 per kg in retail in Karachi.

 

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