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Sugar prices in Pakistan soar due to hoarding, prompting government action and a parliamentary tax review.
Sugar prices in Pakistan have surged to Rs200 per kg, well above the government's set price of Rs173, due to hoarding and market manipulation by sugar mill owners.
Consumers face inflated prices amid weak government enforcement and regulatory oversight.
A parliamentary panel is considering a windfall tax on sugar mill profits, and the government is exploring sugar imports to address the crisis.
Despite official prices set by the Karachi commissioner at Rs170 wholesale and Rs173 retail, many markets sell sugar for Rs190 per kg.
The government plans to hold stakeholders accountable and stabilize prices.
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Los precios del azúcar en Pakistán se disparan debido al acaparamiento, lo que lleva a la acción del gobierno y a una revisión tributaria parlamentaria.