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Islamabad, August 18, 2023 (PPI-OT): Dr. Murtaza Mughal, President of Pakistan Economy Watch (PEW) said on Friday that despite the unbearable inflation in the country, the sugar mafia has created a new sugar crisis in the country for the sake of profit.
The influential mafia has increased the price of sugar by ten rupees per kg. Now sugar is available at 160 rupees per kg in urban centres, while it is available for Rs 170 in villages, he said.
In a statement issued here today, Dr. Murtaza Mughal said that the caretaker government should control the sugar mafia from stealing undue profits from the masses, as it can lead to the bankruptcy of many businesses relying on sugar.
He said that the previous government raised many slogans, but at the same time, the sugar mafia was given a free hand. The present government should completely stop the export and smuggling of sugar so that the price of sugar will be reduced in the market and provide relief to the masses.
Dr. Mughal said that even after adding all the expenses and profits of the sugar mills, wholesalers, and retailers, the price of sugar should not be more than one hundred rupees per kg. However, the people are being charged sixty rupees more per kg, which has no justification, he observed.
The sugar mafia has stored hundreds of thousands of tonnes of sugar in warehouses for profit, and if a crackdown is launched, its price will drop to one hundred rupees per kg in a day. He said that the price of steel bars has also been increased up to Rs. 10,000 per tonne, and now it is selling at Rs. 280,000 to Rs. 290,000 per tonne in cities and up to Rs. 300,000 per tonne in rural areas.
The construction activities will be badly affected by this decision; therefore, something needs to be done in this regard, he demanded. He said that the first two days of the caretaker government have been very heavy on the people, as their cost of living has jumped significantly.
For more information, contact:
President,
Pakistan Economy Watch (PEW)
402, 4th Floor, Gulistan Khan House, Fazal-e-Haq Road,
82-East, Blue Area, Islamabad
Tel: +92-51-2510375
Fax: +92-51-2802449
Cell: +92-321-5157671
Email: president@pakistaneconomywatch.com
Web: www.pakistaneconomywatch.com
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