Sugar export to Afghanistan surges as prices rise in Pakistan
Current govt allows export of 750,000 metric tonnes of sugar between June and October 2024
ISLAMABAD: While sugar prices in Pakistan continue to soar, the country has witnessed an extraordinary increase in sugar export to Afghanistan.
During the first seven months of the current fiscal year (July 2024–January 2025), sugar exports to Afghanistan had surged by 4,332% on an annual basis. Sugar remains the largest export commodity from Pakistan to Afghanistan. According to government sources, sugar exports to Afghanistan had reached $262.7 million in the July–January period of FY2024-25, compared to just $5.9 million in the same period last year.
The current government had allowed the export of 750,000 metric tonnes of sugar between June and October 2024. In October 2024, the last approval was granted for exporting 500,000 metric tonnes of sugar.
Since late November, sugar prices in Pakistan have been steadily increasing, burdening consumers with billions of rupees in additional costs. According to official data, sugar prices in the country have increased by an average of Rs21.26 per kg over the past ten weeks, bringing the average price to Rs153.11 per kg. The highest recorded price of sugar in Pakistan was Rs160 per kg, whereas 10 weeks ago, the average price was Rs131.85 per kg.
-
Emilia Clarke Reveals Real Price Of Playing Daenerys In 'Game Of Thrones' -
Ex-Chicago Mayor Hit With Lawsuit Over Unpaid Credit Card Bills -
Andrew Risks His Relationships With Princess: ‘She’s Supporting The Abused And It’s Festering’ -
Harry Styles Unveils New Album After Cryptic Posters Spark Fan Frenzy -
Prince Harry Ready To Return To The UK To King Charles But It’ll Depend On How THIS Goes -
Why Isn't King Charles Mourning Death Of His Father's First Cousin? -
Nicole Richie Breaks Silence On Her Daughter's Name Change -
Truth Behind Chris Noth, Sarah Jessica Parker's Ongoing Feud Revealed -
Baseless Gender Identity Rumors Targeted At Bettijo Hirschi After Todd Bridges Split -
'Harry Potter' TV Series Roped In Hans Zimmer For Score -
Amy Robach, T.J. Holmes Make Daring Invite To Exes Marilee, Andrew -
Louis Tomlinson Gushes Over Harry Styles' Talent -
Brian Austin Green Says THIS Relationship Left Him Feeling 'not Good Enough' -
Amy Robach, T.J. Holmes Shun Former Friends At 'GMA'? -
Timothée Chalamet Shares Nervous Experience From 'Marty Supreme' -
'Andrew Leaving One Mansion To Go To Another Mansion'