ISLAMABAD: The government’s move to import 0.5 million tons of sugar — 300,000 tons through the Trading Corporation of Pakistan (TCP) and 200,000 tons via the private sector — is expected to raise the import bill by $275–280 million. However, it is unlikely to lead to a reduction in local prices anytime soon.
An anecdotal survey conducted by this correspondent suggests that the import decision may only help maintain sugar prices at the current level of Rs 195–200 per kg. Market insiders note that the expected landed cost of imported sugar is around Rs 155 per kg, which offers little room for a price drop.
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