Pakistan sugar exports to Afghanistan surge by 4332pc
ISLAMABAD: Pakistan’s sugar exports to Afghanistan recorded a whopping increase of 4332% in the first seven months of FY 2024-25, ARY News reported on Monday. According to the official figures, from July to January, Pakistan’s sugar exports to Afghanistan reached $262.68 million compared with $5.93 million during the corresponding period in 2023. Pakistani sugar exports to Afghanistan increased by $256.76 million Year-Over-Year (YOY). This massive increase has made sugar the largest contributor to Pakistan’s exports to Afghanistan. Since December, sugar prices have increased by Rs26 per kg, and last year, profiteers pushed rates up to Rs180 per kg. According to Wholesale Grocers Association Chairman Rauf Ibrahim, sugar prices in the wholesale market have climbed to Rs150 per kg, while advance deals for March have reached Rs152/kg. Traders claim that the hoarding mafia is active, and with Ramazan approaching, there is a serious risk of further price hikes. Pakistan’s monthly sugar...