According to the sources, the sugar mills owned by the Sharif family have made the decision to lower their prices and would now sell kilograms of sugar for Rs70.
According to sources, a group representing Punjab Chief Minister Hamza Shahbaz met with the Sugar Mills Association and suggested that they set the price of sugar at Rs70 per kilogram after a discussion.
According to further sources, the association has been given one day to come to a final decision.
Earlier, in an effort to maintain consistent pricing for the commodity throughout the nation, Prime Minister Shehbaz Sharif issued an order that completely prohibited the export of sugar.
According to the Office of the Prime Minister, Prime Minister Shehbaz Sharif had also ordered the implementation of rigorous measures to combat the smuggling of sugar.
The Prime Minister made the announcement on Twitter that he had directed strict action to be taken against hoarders, illicit profiteers, and the elements implicated in creating a fake shortage of sugar. He said that he had directed this action.
Additionally, the Prime Minister had requested that all relevant ministries keep him updated regarding how his directives were being carried out.
He informed all present at the meeting that the concerned officer and personnel will be held accountable for any negligent actions.
It is crucial to emphasize here that the federal government made an announcement similar to this one a month ago, suggesting that the restriction would result in lower prices for sugar and bring relief to the general populace.
The administration asserted that the export prohibition would bring relief to the people by lowering costs and preventing further inflation.
Originally published at lahoreherald.com