Promoting sugarcane crop on the cost of cotton criticized.


ISLAMABAD -- The Pakistan Economy Watch (PEW) on Saturday said the policy of promoting sugarcane crop on the cost of the cotton crop should be stopped as it can result in serious national security issues. Sugar mafia is digging the grave of the economy for profits which should be noticed and corrective measures should be taken, it said.

The influential sugar mafia has forced masses to buy the world's costliest sugar but it has not satisfied their appetite for profit which is damaging the troubled textile sector, said Dr. Murtaza Mughal, President PEW. Sugar mills are in surplus in Pakistan and billions are spent...

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