MOIP measures in place to control sugar hoarding, price hike.

ISLAMABAD -- Ministry of Industries and Production (MOIP) has written letters to the provinces of Khyber Pakhtunkhwa and Punjab to take effective measures against sugar hoarding and price hike in their respective domains.

According to the ministry's official memorandum, the undersigned was directed to refer to Sugar Advisory Board (SAB)'s meeting held on January 28, in which sugar stocks and prices were discussed in detail.

During SAB meeting, it said, the representatives of Punjab and Khyber Pakhtunkhwa governments informed that due to overall decline in sugarcane production this year, production of sugar was expected to decline in current crushing session.

The national average retail prices continuously showing rising trend in the market despite of crushing season was in process, it added.

Moreover, during current price hike l and P Division again wrote a letter to the provincial chief secretaries with the request to control recent price hike in the country.

As per the details, it said, 'Price Control and Prevention of Profiteering and Hoarding Act 1977 has been delegated to Provincial Governments in 2006. The administration of this act has been also transferred to the Interior Division to the extent of Islamabad Capital Territory (ICT). During the SAB meeting held on October 29, 2019 Secretary (Industries and Production-I and P) also discussed rising prices of sugar and...