Pakistan to import sugar in a bid to control rising prices

The federal government has finalized arrangements to import 85000 metric tons of sugar in a bid to meet domestic demand and stabilize prices in the local market, the Ministry of National Food Security announced on Friday.

The Ministry of National Food Security and Research has confirmed the opening of Letters of Credit for sugar imports through SOCAR, with all formalities completed and consignments scheduled to arrive in phases. The first shipment is expected to dock at Pakistani ports within the coming weeks under the existing trade agreement. Officials said the initiative is aimed at boosting domestic reserves, ensuring stable market supply, and protecting consumers from sudden price hikes. By securing timely imports, the government hopes to maintain price stability and prevent shortages that often burden households during periods of increased demand.

According to the plan, the imported sugar will be released in the open market at subsidised rates to provide relief to the public. This measure, authorities noted, will make the commodity more affordable and help reduce pressure on consumers already facing high living costs. The government has also assured that all imported sugar will comply with international quality standards. Monitoring mechanisms are in place to ensure safe and timely delivery, with consignments arriving as per the agreed schedule.

Officials emphasized that this step will not only add to the national stockpile but also help stabilise prices in the coming months. By introducing sugar at controlled rates, the government aims to curb speculation and discourage hoarding practices that often disrupt the market. The phased import plan is being seen as a proactive strategy to strengthen reserves and keep essential items within reach of the public. Authorities believe that consistent supply and fair pricing will provide much-needed relief and support long-term stability in the sugar market.