The recent surge in inflation has sent a shiver down the nation’s spine and contrary to reality, Finance Minister Shaukat Tarin is trying to pacify people that sugar will be available at Rs 90 per kilogram (kg) from next week.
Due to the widening gap between supply and demand, the sugar price across the country has soared during the past two months.
The per kg of the daily-use commodity is available in up to Rs 120.
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The recent wave of unruly inflation has enraged the citizens and they are calling for the government to not seize their right of living.
Notably, the assertions of the finance minister regarding sugar at Rs 90 per kg seem impractical.
The rate of the sweet commodity was $502 per ton in the international market in September. On October 1, it surged to $512 per ton.
Pakistan is currently importing sugar as the local production is not catering to the requirement.
This includes freight and other charges, taking the price to $610 per ton.
The lowest bid Trading Corporation of Pakistan (TCP) received for sugar import was $692 per ton.
The government has imported the priciest sugar in the history of the country which will cost Rs 110 per kg to retailers.
The current ex-mill price of sugar in the country is around Rs 100 per kg.
The citizens have questioned the claims of the finance minister of implementing sugar price at Rs 90 per kg.
They said the government can’t enforce the given price in the market as it doesn’t look practical without subsidy.