Deputy Prime Minister and Foreign Minister Ishaq Dar announced that the retail price of sugar will be maintained at Rs164/kg, with the ex-mills price capped at under Rs159/kg.

During a meeting to discuss sugar pricing, on Wednesday, Dar confirmed that there is no sugar shortage in the country and responded to the recent price hike, which reached Rs178-179, describing it as “intolerable.”

A sub-committee led by Minister for National Food Security and Research Rana Tanveer Hussain has been tasked with collecting feedback over the next month to assess sugar costs.

In a related initiative, Prime Minister Shehbaz Sharif set up an Inter-Ministerial Committee (IMC) last week to explore regional strategies for importing raw sugar to facilitate the re-export of refined sugar.

The committee aims to develop a comprehensive strategy to tackle the ongoing issues surrounding sugar pricing.

The Prime Minister ordered a crackdown on hoarders and individuals involved in price manipulation.

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He expressed alarm over rising sugar prices and the potential for artificial shortages, asserting that no one would be permitted to manipulate prices or create unnecessary scarcity of this essential commodity during the holy month.

The government remains committed to preventing speculation and hoarding that could unfairly drive up sugar prices.