ISLAMABAD: Prime Minister Shehbaz Sharif on Monday imposed a “complete ban” on the export of sugar to stabilise the stock and price of the commodity in the country.
The prime minister also ordered strict measures against the smuggling of sugar.
In a statement on Twitter, PM Shehbaz Sharif said it was important to first meet the needs of the people and stabilise the prices of sugar in the country.
He ordered strict action against hoarders and profiteers who were creating an artificial shortage of sugar.
The prime minister also directed the agencies concerned to keep abreast of the effective implementation of his orders.
He warned that in case of negligence, the relevant officers and staff would be held responsible.
PM Shahbaz Sharif directs authorities concerned to fix the price of 10-kg flour at Rs490 at the Utility Stores
The rupee closes at Rs192.53 after shedding Rs0.76 in the interbank market against greenback
Dried-up foreign currency inflows coupled with delay in IMF bailout take a toll on depreciating currency
Rupee closed at Rs190.02 to a dollar in the interbank market, down Rs1.36 from last session's close of Rs188.66
The price at the pump hit $4.37 per gallon, surpassing the last record of $4.33 set on March 11
Benchmark Nikkei 225 index dips 0.58% to end at 26,167.10, while broader Topix index falls 0.85% to 1,862.38
