Prime Minister Imran Khan on Thursday said that the government will not allow the sugar cartel to create a crisis and manipulate the prices in the future. He made these remarks while speaking at the launching ceremony of the Naya Pakistan Certificate.

The Naya Pakistan Certificate is a new initiative by the PTI government and offers an investment opportunity to overseas Pakistanis with a Roshan Digital Account.

While addressing the ceremony, Khan touched on the subject of inflation and said that he is well aware of the increase in the prices of food commodities. He held disruption in the supply-chain due to COVID-19 lockdown restrictions responsible for that:

"The supply chains had been affected due to coronavirus. [And] On top of that, two of our wheat crops were affected due to climate change as it rained at the wrong time. [Therefore] our output was less than what we were expecting."

Khan said that with the country’s major economic indicators showing positive trends, there was a need to take special initiatives and offer incentives to attract investment from expatriates, who according to some estimates owned dollars equal to Pakistan’s Gross Domestic Product (GDP), for a win-win situation.

“We have to strive and look ways to attract the overseas Pakistanis, who are progressing well in every sector abroad and, I know and according to some estimates, own the amount of dollars equivalent to our GDP, ”he said while speaking at the launch of Naya Pakistan Certificates (NPCs) by the State Bank of Pakistan (SBP).

The NPCs issued by the SBP for overseas and resident Pakistanis with declared assets abroad offer “very attractive expected rates of 5.5 to 7 percent” on dollar investment and “9.5 to 11 percent” on the rupee.