Ishaq Dar reveals reason behind ‘rising sugar prices’
ISLAMABAD: Former finance minister Ishaq Dar believes that the increase in sugar prices is thus not a reflection of stock position but “exploitative policies of unscrupulous businesses and poor governance”, ARY News reported on Monday. Taking to X (formerly Twitter), the former finance minister asked “not to raise false alarm over existing sugar stocks of 2.3 million metric tons.” “With the next crushing season only 2.5 months away i.e. by November 16 2023, there is no need for raising false alarm over existing sugar stocks of 2.3 million metric tons,” Ishaq Dar wrote on X. With the next crushing season only 2.5 months away ie by 16November 2023, there is no need for raising false alarm over existing sugar stocks of 2.3 million metric tons. Monthly consumption of sugar is just over half million mt and opening stock at the start of new crushing… https://t.co/TtJ5xYdmvv — Ishaq Dar (@MIshaqDar50) August 30, 2023 According to the PML-N leader, the country’s monthly consumption o