Sugar Price Hike Adds To Inflation-Hit People’s Misery

Sugar Price Hike Adds To Inflation-Hit People's Misery

(CTN Information) – Retail sugar costs within the nation spiked to a whopping Rs220 per kilogram on Monday night time, up from Rs85 per kilogram in January, whereas shortages of this important kitchen merchandise have been reported from most cities all through the primary day of the week.

In 1947, or on the time of independence, the “Jang Group and Geo Tv Community” performed archival analysis that exposed the existence of solely two Sugar mills in Pakistan; one in Punjab and one in NWFP (now Khyber Pakhtunkhwa).

The realm beneath cultivation of sugarcane in these days was roughly 200,000 hectares. Over 1.16 million hectares are dedicated to the cultivation of sugarcane within the nation.

A complete of 65,7 p.c of this space is dedicated to sugarcane cultivation in Punjab, whereas 26.8 p.c and seven.5 p.c are dedicated to sugarcane cultivation, respectively, in Sindh and Khyber Pakhtunkhwa.

There are roughly 22 kilograms of Sugar Value consumed per capita in Pakistan every year, which is barely above the world common, whereas in India there are 15 kilograms consumed per capita.

As well as, analysis signifies that the sugar worth within the retail market was solely 60 paisa per kg between 1947 and 1951, through the reign of the primary Prime Minister of the nation, Liaquat Ali Khan.

Underneath Premier Khawaja Nazimuddin’s regime, this worth elevated to 75 paisa per kilogram between 1952 and 1957.

Throughout the interval 1958-1961, when Normal Ayub Khan was in energy, the worth of sugar elevated to Rs1.75 per kilogram, whereas throughout the interval 1971-1977, when Zulfikar Ali Bhutto was in energy, the worth of Sugar Value hovered round Rs6 per kilogram.

When Normal Zia dominated between 1977 and 1988, the worth of sugar reached Rs9 per kg, whereas it reached Rs10 per kg when Benazir Bhutto dominated between 1988 and 1991.

Within the interval between 1991 and 1994, when Nawaz Sharif was in energy, the sugar worth was Rs13 per kg and between 1994 and 1997, when Benazir was in energy, it was Rs21 per kg.

Throughout the second tenure of Nawaz Sharif between 1997 and 1999, the worth remained static at Rs21 per kg, whereas it surged to Rs30 per kg beneath the administration of Normal Musharraf between 1999 and 2008.

There have been 75 rupees per kilogram in October 2010, 101 rupees/kg in November 2010, and 59 rupees per kilogram in March 2012.

Throughout Nawaz Sharif’s third time period in energy in 2013, the worth of Sugar Value was Rs53 per kg, whereas in December 2018, it was Rs55 per kg.


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