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Sugar price jumps to Rs220 per kg as regulators fail to deliver in crisis-hit Pakistan

11:59 PM | 4 Sep, 2023
Sugar price jumps to Rs220 per kg as regulators fail to deliver in crisis-hit Pakistan
Source: File Photo

Sugar prices in the Balochistan retail market reached a record high of Rs220 per kilogramme on Monday.

According to media reports, the commodity's wholesale price in the province is Rs210 per kilogramme, while the price of a 50kg bag has reached Rs10,500.

Dealers say that price of the product went up after the sugar supply was stopped due to suspension of permits.

Sugar price in Peshawar is between Rs.195 and Rs.205 per kilogramme and in Punjab between Rs.170 and Rs.190 per kilogramme. 

On the other hand, the commodity costs Rs.180 per kg in Multan, Karachi and other big cities.

It is important to note that the Ministry of National Food Security & Research was recently instructed by the Economic Coordination Committee (ECC) of the Cabinet to work with the relevant agencies and authorities to stop smuggling and stockpiling of sugar. The ECC also told the ministry to promptly disclose the most recent information on wheat supply, availability and prices.

Over the past four months, the cost of sugar has increased by more than 80%. 

This situation has added to the sufferings of people who are already reeling from the worst political, financial and human rights crisis of Pakistan's history.

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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