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PM Shehbaz bans sugar export to stabilize prices

PM bans sugar export to stabilize prices

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday imposed a complete ban on the export of sugar in order to stabilize the stocks and prices of commodity in the country.

In a statement issued by the Prime Minister’s Office (PMO), PM Shehbaz Sharif also ordered strict measures against the smuggling of sugar. “It is important to first meet the needs of the people and stabilize the prices of sugar in the country,” he said.   

The premier ordered strict action against hoarders and profiteers who were creating an artificial shortage of sugar. He also directed the agencies concerned to keep abreast of the effective implementation of his orders.

The prime minister warned that in case of negligence, the relevant officers and staff would be held responsible.    

Taking to Twitter, the prime minister announced that he had directed for sternly dealing with hoarders, illegal profiteers and the elements involved in creating artificial shortage of sugar.

 

It is pertinent to mention here that the federal government made a similar announcement last month, saying the ban would drop sugar prices and provide relief to the people.

The government claimed that the export ban would lessen the prices and provide relief to the people.

 

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