Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Wednesday said that sale of sugar at price of Rs178-180 per kg was intolerable and announced that the retail price of sugar would remain at Rs164 per kg while its ex-mills price would be capped under Rs159 per kg.
Announcing the major decisions after chairing a meeting to review sugar prices in a live broadcast on national Tv channels, he said a sub-committee was being formed to submit recommendations within one month to address the persistent issue.
The DPM/FM said that the committee formed on the directive of the prime minister to look into the sugar issue, had held several meetings in the past, after its prices were hiked in the holy month of Ramazan.
The DPM/FM Dar said that sale of sugar at Rs178-180 per kg was not tolerable at any cost; neither to the prime minister nor to the government.
A sub-committee headed by Minister for National Food Security and Research Rana Tanveer Hussain would submit its feedback within one month prior to April 19 April in this regard, he informed.
He said the sugar mills association had explained their reasons and they held detailed interaction over the issue.
