Business

Sugar prices soar in Peshawar despite govt promises

Published by
Staff Reporter

PESHAWAR: Despite the government guarantees of price restrictions and subsidized rates for vital goods, sugar prices in Peshawar keep soaring throughout the month of Ramadan.

According to retailers throughout the city, sugar is available at high costs running from Rs.165 to Rs.170 per kilogram, whereas wholesale market rates have hit Rs.160 per kilogram notwithstanding the fixed price list issued by the government.

Earlier, the provincial government had stated intentions to set up special stalls selling sugar at subsidized prices of Rupees 130 per kg during Ramadan.

These stalls, however, have not shown up to leave consumers to shoulder the burden of these high market prices. The general inflation of basic food, usually experienced by Pakistani consumers throughout Ramadan, has been partly caused by the increasing price of sugar.

The scenario in Peshawar does not stand alone, other major Pakistani cities are also experiencing comparable cost rises, pointing to a national pattern. This raises questions about the government’s capacity to keep prices in check and offer solace to people during the holy month.

Staff Reporter

Recent Posts

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

42 minutes ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

2 hours ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

2 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

2 hours ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

3 hours ago

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

3 hours ago