Monday, August 17, 2009

Arrival of International Lions director Naresh Agarwal at Karachi

Govt asks traders to sell sugar at Rs50/kg

In the aftermath of a crackdown against sugar hoarders, Sindh government and City District
Government of Karachi have asked the wholesalers traders of sugar to supply the white sweetener at Rs48-per
kg while the retail price of the commodity should be Rs50-per kg.
The traders and mills owners have limited the supply of white sweetener in market, resulting in highest ever
increase in the prices of commodity to Rs54-per kg at retail market in the country.
While, the shortage of commodity in wholesale market also been reported in the country.
The artificial shortage of commodity has caused heated debate in Lower House of the Parliament, where
treasury and opposition benches levelled allegations against each other for hoarding.
Due to debate in National Assembly and crackdown against the hoarders’ mafia in Punjab, the Sindh Chief
Minister Syed Qaim Ali Shah on Sunday directed the concerned administration to take action against the
traders involved in the hoarding in the province.
Sindh CM has also issued directives for ensuring supply of the sugar in market at reasonable price.
Meanwhile, a sugar broker Haji Siddique told The Nation that CDGK conducted a meeting of wholesalers, sugar
traders and sugar brokers to ensure the smooth supply of commodity on reasonable price in the City.
The CDGK officials issued directives to the concerned stakeholders to supply sugar at the price of Rs48 per kg
and Rs50 per kg in wholesale and retail markets respectively, he confirmed, adding that CDGK also instructed
for smooth supply of commodity during the holy month of Ramadan.
Dispelling the impression of shortage of sugar, Siddique said that sufficient stocks were available with the
traders, markets and private sector. “If smooth supply of sugar continued, the sugar brokers will supply the