Sugar prices get slashed!

Islamabad, 2nd December: Sugar price gets slashed in the country.

Baaghi TV: According to reports, Prime Minister Imran Khan announced on Wednesday that the prices of sugar have been reduced by Rs 20 per kilogramme.

Last month, the wholesale rates of sugar had risen from 98 per kg to Rs 99-100 per kg, making it difficult for the country’s poor population to afford it.

Taking to his Twitter account, the premier said that the former mill prices of sugar have been slashed through the government’s effective intervention. According to the PM, the task was achieved within 20 days.

He said that the government has also ensured the distribution of imported sugar at a controlled rate, and ensuring that the process of sugar crushing will be completed in a timely fashion.

Due to effective intervention by Govt, ex-mill price of sugar is down by Rs 20/kg within 20 days. Distribution of imported sugar at control rates & timely start of crushing season also ensured. I have asked provinces to ensure fair & swift cane payments are made to farmers.

— Imran Khan (@ImranKhanPTI) December 2, 2020

PM Khan also wrote, “I have asked provinces to ensure that fair and swift cane payments are made to farmers.”

Last month, the federal government had promised to slash sugar prices by Rs15-Rs20 to provide some relief to consumers.

Addressing a press conference related to the announcement, Hammad Azhar, the Federal Minister for Industries and Production said that the government has procured over one hundred tons of imported sugar to meet the demand.

“More than 50,000 tons of sugar will soon be available in the market,” he had said.

Stay tuned to Baaghi TV for further updates!