PHOTO: FILEThe monopoly of sugar barons is going to cost the country $110 million as the government has decided to import 0.2 million tons of sugar to build strategic reserves to stabilise the prices. Keeping in view the past situation, the government has decided to import sugar. The total funds required will be Rs18 billion, which also includes storage cost of sugar to maintain reserves in the country. The Ministry of Industries and Production had sought permission of the ECC chairman to present the case for consideration of sugar import. The Ministry of Industries and Production had informed the ECC about the case of sugar import being an urgent matter.

Source: The Express Tribune July 27, 2021 05:01 UTC