
Sugar prices fall by Rs10 in Karachi
Retail prices range between Rs 180 and Rs 185 per kilogram in the city.
Read: Sugar, power and patronage
However, the sugar situation in Punjab is more complicated. The province is facing an ongoing sugar crisis, triggered by disputes among sugar mills, wholesalers, and brokers over the newly set official prices.
The federal government has set the price of sugar at Rs 165 per kilogram for mills and Rs 173 for retail sales, but these prices have not been accepted by sugar dealers, who claim that mills are selling sugar at Rs 176 per kilogram.
Read more: Deal falls flat as sugar prices stay high
As a result, sugar suppliers in Punjab have suspended deliveries, causing the price to rise to Rs 200 per kilogram in some areas.
Also read: Govt signs fresh sugar export deal
Dealers have warned that the sugar supply will remain halted unless mills comply with the official prices set by the government.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
7 minutes ago
- Business Recorder
Crackdown on human traffickers, illegal currency networks launched
ISLAMABAD: In a series of coordinated operations across multiple regions, the Federal Investigation Agency (FIA) has arrested 10 suspects involved in human trafficking, visa fraud, and illegal currency exchange. The crackdown was carried out on the directives of FIA Director General Rafat Mukhtar Raja, as part of an intensified campaign to dismantle smuggling and financial crime networks operating across the country. FIA Multan Zone arrested three individuals, including Feroze Qaiser Sagu, a most-wanted human smuggler. Other arrested suspects include Muhammad Azam and Muhammad Wazir. The trio allegedly defrauded citizens by promising employment abroad, extracting large sums of money without delivering. Feroze Qaiser, apprehended in Khanewal, has nine cases registered against him in the Multan Zone and additional charges in Faisalabad. He reportedly scammed over Rs. 8.2 million from victims by offering fake job placements in Dubai and Saudi Arabia. Muhammad Azam is accused of defrauding Rs. 600,000 under the pretence of employment in Azerbaijan. Muhammad Wazir allegedly extorted Rs. 2.36 million from citizens for promised jobs in the UAE. FIA Lahore Zone conducted raids in Lahore and Islamabad, arresting Naveed Tahir and Zubair Muhammad, both charged with visa fraud. Naveed Tahir allegedly took Rs. 1.68 million from a citizen, promising a job in Lithuania Zubair Muhammad is accused of swindling Rs. 700,000 under the guise of securing a US visa. Both suspects failed to provide the promised visas and had gone into hiding before being apprehended. In another significant operation, FIA Balochistan Zone arrested five individuals — Akmal Khan, Saifullah, Basheer Ahmed, Abdul Qayoom, and Abdullah — involved in illegal currency exchange and Hawala/Hundi operations in Quetta and Chaman Authorities seized a large sum of currency during the raids, including: Rs. 684,000 in Pakistani rupees 230.5 million Iranian Rials over 135,000 Afghanis 700 US dollars, 200 Saudi Riyals, and 150 Australian Dollars. Investigators also recovered cheque books, receipts, and bank slips linked to Hawala operations. The suspects were allegedly operating without proper licenses and failed to explain the source of the recovered funds. All suspects have been taken into custody and investigations are ongoing. According to the FIA spokesperson, the agency remains committed to a zero-tolerance policy against human trafficking, visa fraud, and illegal financial operations.


Business Recorder
7 minutes ago
- Business Recorder
‘Agri development, farmer prosperity are top priorities of CM'
LAHORE: Minister for Agriculture Punjab, Syed Ashiq Hussain Kirmani, has stated that agricultural development and farmer prosperity are among the foremost priorities of the Chief Minister Punjab. The present government is implementing revolutionary programs aimed at uplifting the agriculture sector and ensuring farmer welfare, which have already begun yielding positive outcomes across the province. However, some elements are attempting to distort the facts and spread misconceptions regarding these historic initiatives of the Punjab government. Minister Syed Ashiq Hussain Kirmani highlighted that within just one month of taking office, the Chief Minister Punjab initiated multiple agricultural development programs worth Rs. 400 billion — f or the first time in the history of Province. These programs included interest-free loans worth of billions of rupees through Kisan Card, provision of thousands of tractors on subsidy under the Green Tractors Program, and provision of modern agricultural machinery with up to 60% subsidy and many other initiatives. He added that this is the only Government in Pakistan's history during which no fertilizer shortage has been witnessed. Fertilizer is available in abundance in the market at prices even lower than those fixed by the manufacturers. Artificial shortages, profiteering, and hoarding of fertilizers have been completely eradicated from the province. He clarified that, during the current season, all provincial governments ceased official wheat procurement under the IMF agreement; however, Punjab remains the only province that extended direct financial support of Rs. 14 billion to small wheat farmers. During just a short period of two months, more than Rs. 85 billion in interest-free loans have been disbursed to farmers across Punjab for the purchase of fertilizers, seeds, and pesticides for Kharif crops. Of this amount, farmers have already utilized over Rs. 45 billion for the purchase of fertilizers, pesticides, and diesel. Syed Ashiq Hussain Kirmani further elaborated on the landmark programs launched during the current fiscal year for the welfare of farmers and agricultural advancement. These include Rs. 200 billion in interest-free loans through the Kisan Card, subsidized provision of 20,000 tractors, solarization of over 10,000 agricultural tube wells, establishment of 10 model agriculture malls, recruitment of 2,000 young agriculture graduates to provide technical support in the field, improvement and lining of watercourses, and a Rs. 30 billion program for the distribution of modern agricultural machinery. Copyright Business Recorder, 2025


Indian Express
9 minutes ago
- Indian Express
‘Not viable': Bhubaneswar metro project hangs in balance as Odisha govt cancels tender
Uncertainty looms over the Bhubaneswar Metro Rail Project after the Odisha government has cancelled the tender for the ambitious urban mobility project initiated by the erstwhile Biju Janata Dal (BJD) government. Odisha's Housing and Urban Development Minister Krushna Chandra Mohapatra said the decision to cancel the tender was taken in view of delay in implementation and to avoid cost escalation. 'The metro project initiated by the previous government wouldn't have been viable. Our government has formed an inter-minister committee to take a fresh look into the project by studying different aspects, its viability and to submit a fresh proposal before the project,' said the urban development minister. Mohapatra said the state government would take up the project in consultation with the Centre unlike the BJD government that had decided to take it on its own. Former Odisha CM Naveen Patnaik had laid the foundation stone of the project on January 1, 2024, months before the simultaneous polls. It was estimated to spend a whopping Rs 6,300 crore to develop the first phase of the project with a length of 26 km from Bhubaneswar Airport to Trisulia near Orissa high court in Cuttack with 20 stations and to extend it to Puri, Khurda and Cuttack subsequently. It was decided to develop the metro rail track and stations on elevated viaduct. The Delhi Metro Rail Corporation was roped in by the Odisha government to implement the project that floated the tender and engaged different agencies to take up the project. Though ground work for the metro project was started, it hit hurdles after the BJP assumed power in Odisha on June 24. Taking a dig at the BJP government over cancellation of the metro project as he said the double-engine government has 'betrayed' the people of Odisha and the decision will push Bhubaneswar 10 years back. 'It has always been our dream to develop #Bhubaneswar into a world-class city. We have been focusing on world class sports infrastructure, organising marquee international events, providing seamless modern transport and developing the IT ecosystem to transform the temple city into a world class city,' wrote Patnaik on X. Patnaik, in his post, wrote that the Bhubaneswar metro project would have reshaped the way city moves with #MoBus and other last mile connectivity complementing the city transport. 'Apart from alleviating congestion inside the city significantly, it would have been a huge catalyst for the expansion of the city. Realising the urgent need of a Metro System for enhanced mobility, we had set a watertight timeline of 2027 for Phase 1 of the project,' he noted.