LAHORE: A petition was filed in the Lahore High Court (LHC) on Thursday, against an increase in the sugar price. The petitioner, in his plea, stated that the sugar mafia has jacked up the sugar price by creating an artificial shortage. “Production of sugar is far beyond the country’s demand and need.”The LHC has been pleaded to pass orders to initiate crackdown against the hoarders and seek a complete record of sugar stocks, its demand and supply. Yesterday, Punjab Chief Minister Usman Buzdar had said that his government was taking steps to stabilise sugar prices in the province. Lahore’s sugar traders association officials have claimed that the ‘speculation mafia’ has sparked the hike in sugar prices.

Source: Pakistan Today January 23, 2020 11:02 UTC