PM Khan has given the approval to a summary to ban sugar exports, as per the reports of local media.
The initiative has come in the mid of the address of the shortfall between the demand and supply of the commodity in the country. With this verdict, the export of 350,000 tons of sugar would be stopped.
The summary, after the approval of the PM, has been sent to the Economic Coordination Committee (ECC).
The price of sugar, which is a must-have ingredient in the cuisines of Pakistan, witnessed a surge of Rs.10 per kilogram in a week as per the latest reports, the wholesale rate of the item increased from Rs.64 to Rs.74 per kilogram and an acute shortage of the item emerged throughout the nation.
Previously, a petition was filed in the Lahore High Court asked for the forensic audit of the sugar stocks in the sugar mills.
As per the petition, the sugar mills remained unsuccessful to submit the details of their stocks in the court, despite the order of the court. The plea further added that the Punjab government has not acted so far against the sugar mafia.
The petitioner also asked the court to issue a directive to the government for action against the sugar mills selling the commodity at unreasonably high rates.