ISLAMABAD: In a bid to To keep prices stable and prevent stockpiling, Pakistani Prime Minister Nawaz Sharif has banned sugar exports.
According to his office, Pakistani Prime Minister Shahbaz Sharif has imposed a ban on sugar exports in order to stabilise prices and prevent hoarding of the product in the country. According to Xinhua report, the office quoted the premier as saying that the first goal is to meet domestic demand and stabilise sugar prices for the people.
Sharif further ordered the appropriate authorities to take tough measures against the commodity's smuggling. According to the statement, he directed concerned departments to deal firmly with hoarders, illegal profiteers, and other factors engaged in creating an artificial sugar scarcity.
Sharif will keep himself updated on the implementation of the measures, the statement read, and appropriate officials will be held accountable for any mistakes. Sharif was notified of the adoption of the measures and that the suitable authorities will be held against violators.
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