ISLAMABAD – A National Assembly Panel on Monday initiated a formal inquiry into the sharp surge in sugar prices across the country. The probe will examine sugar export and import trends, and identify individuals or entities that may have profited from the price volatility.
Describing the situation as “suspicious,” Chairman Jawed Hanif Khan called for accountability. “This entire episode of the sugar crisis raises serious concerns. It must be thoroughly investigated, and if any wrongdoing is uncovered, criminal proceedings should follow,” he stated.
Members of Standing Committee from Pakistan Peoples’ Party (PPP), PML(N), Pakistan Tahreek-e-Insaf (PTI) supported a comprehensive probe against current sugar situation. They were of the view that the names of those who made huge money be pointed out.
To deepen the investigation, the Committee constituted a sub-committee tasked with exploring the circumstances surrounding the price hike. A key focus will be on sugar exports followed by duty- and tax-free imports—an alleged strategy designed to benefit select groups.
Chairman National Assembly Standing Committee on Commerce, Hanif suggested that a coordinated effort involving politicians, bureaucrats, and the sugar industry might have influenced the market dynamics. Members from both government and opposition parties endorsed the formation of the special panel, agreeing that the entire sugar supply chain—from production to market distribution—warrants close scrutiny.
Relevant ministries, regulatory bodies, and industry stakeholders will be summoned in the coming weeks to aid the investigation.
On the issue of ban on export and import of gold, Commerce Ministry officials stated that a summary to lift ban on export and import of gold.
According to official statement, the Committee reviewed and adopted the report submitted by its Sub-Committee on the long-outstanding receivables of the Trading Corporation of Pakistan (TCP). The Committee was informed that the Ministry of Finance had released Rs. 15 billion through the Ministry of Commerce to facilitate TCP’s recovery from various ministries and organizations.
Addressing the matter of the suspension of SRO 760 relating to the Gems and Jewellery Association of Pakistan, the Committee appreciated the Ministry’s proactive approach and noted assurances that the matter would be resolved promptly.
In view of the sugar crises looming over and the government’s decision to import sugar, the Chairman took serious notice of the situation. While keeping in mind the plight of unprotected consumers, sudden surge of price hike of sugar and to expose the profiteering mafia, the Chairman constituted a sub-committee to investigate the matter in detail. The sub-committee has been tasked with submitting its findings within 15 days.
The Chairman shown displeasure on the non-representation of Department of Plant Protection (DPP) and Fruit Juice Council (FJC).
The Committee held comprehensive discussions on the Pakistan National Tariff Policy. The committee Member’s also debated the rationale behind reducing taxes on big cars and increasing them on small cars, while seeking clarification on policy decisions. The Committee advocated for liberalizing the import of raw materials and machinery to support industrial development and boost productivity.
Furthermore, the Committee examined the feasibility of achieving the export target of $60 billion by 2029, as proposed by the Trade Development Authority of Pakistan (TDAP). TDAP expressed confidence in reaching the goal through new initiatives and policy rationalization, though they acknowledged existing challenges and recent declines in certain sectors. Ends
