Sugar prices have been on the rise in Karachi for the past week. On Wednesday, it emerged that most retailers have started selling the commodity for over Rs 100. The price in the wholesale market is also ready to hit triple digits soon.
Traders and buyers are holding the sugar mafia and holders responsible for the hike. Last year, Prime Minister Imran Khan had tasked the Federal Investigation Agency (FIA) to investigate the 2020 sugar crisis throughout the country and find out who benefited from it.
As the FIA expands its probe, the sugar mafia has started flexing its muscle by making the commodity more expensive.
“The government must establish its writ,” said Chairman Karachi Wholesale Grocers Association Abdur Rauf Ibrahim.
“To rein in the sugar mafia, the private sector should be allowed to import sugar, which will bring its price down to Rs87 per kg.” Sugar brokers say the sugar price would soar further if the government didn’t import the commodity.
