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Sugar price cut to Rs60 per kilo

ISLAMABAD: The Utility Stores Corporation of Pakistan (USC) on the directives of the Prime Minister and Minister for Industries and production has reduced the price of sugar from Rs65 to Rs60 per kg with immediate effect at its outlets across the country. “We have also doubled quota of sugar at USC outlets to be available in 2-kg and 5-kg packets for the customers at the subsidised rate of Rs60 per kg with immediate effect”, Managing Director of USC Arif Khan told a press conference here at PID Media Center this afternoon.
The MD USC while comparing the prices of sugar with neighboring countries said that the rate of the commodity is the lowest in Pakistan. He said that in Afghanistan the price of sugar is Rs120 per-kg while its price in India and Bangladesh are at Rs62 and Rs68 per-kg respectively.
“It is the cheapest sugar available in our country as compared to other countries in the region,” he remarked.

Replying to a question, Arif Khan said that the items available at USC outlets are also good in terms of quality. The USC, he said, is offering subsidy of up to Rs10 per kg on all its items especially the edibles. Arif Khan highlighting the short fall of the sugar said that last year there was a shortfall of 1.2 million Metric tons while this year this shortfall has reduced to 0.84 million Metric Tons”. He added that there is enough stock of sugar available at the outlets of the USC and there is no shortage of the commodity. He said that per capita consumption of sugar in the country is 25-kg which is the highest in the world. He added that price of sugar cane per 40-kg in Punjab, Sindh and Khyber-Pakhtunkhwa are Rs170, Rs225 and Rs240 respectively. He said due to high quality and low prices the sales of USC have increased during the last three months. He attributed the increase in the prices of edible oil and ghee at USC to increase in the price of the commodity in the international market. He added that sugar crushing season has been started and the stock of the commodity will further increase in the markets and the price will also come down. -Agencies


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