Finance Minister Ishaq Dar takes notice of spike in sugar price

ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Tuesday directed federal secretaries concerned to take up the matter regarding spike in sugar price with the provincial governments immediately.

The finance minister Ishaq Dar , who is also Chairman of National Price Monitoring Committee, taking serious notice of the media reports regarding sugar price hike said that there are standing instructions from Economic Coordination Committee of the federal cabinet that stability in price of sugar in domestic market is to be ensured for benefit of the general consumers.

In line with the instructions, secretary Ministry of Industries today evening sent letters to chief secretaries of Sindh, Punjab and Khyber Pakhtunkhwa provinces expressing concern of the federal government over escalation in price of sugar.

The senior officials have been asked to look into the matter on urgent basis and take appropriate corrective measures for ensuring stability in retail price of sugar.

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