Utility Stores Corporation acquires 40,000 metric tonnes of sugar

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According to sources familiar with the situation, the Utility Stores Corporation has acquired 40,000 metric tonnes of sugar in line with the tender issued last month.

It is reported that the sugar was purchased at a cheaper rate of Rs10.37/kg compared to the previous tender, and after factoring in expenses, the total cost will amount to Rs138 for the corporation.

In October, the Utility Stores Corporation also acquired 20,000 metric tonnes of sugar.

The delay in procurement has resulted in two instances of sugar crises.

In September, sugar prices soared to Rs100 per kilogram in various cities across the country.

According to the Pakistan Bureau of Statistics (PBS), residents of Islamabad are facing the highest sugar prices in the country, with the sweetener being sold at Rs100 per kg.

Similar high prices, with minor variations, were reported in Karachi, Peshawar, Rawalpindi, and other parts of the country. Sugar was priced at Rs90 per kg in Lahore, Bahawalpur, Larkana, and Quetta.

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