Islamabad: The Pakistan Sugar Mills Association has expressed serious reservations over the recent move of the Federal Board of Revenue (FBR) regarding sugar sales.
The association’s statement said that the FBR has stopped the sale of local sugar through the portal, which is a major problem for the sugar industry. The statement took the position that this decision will not only affect the industry but will also create an artificial crisis in the market.
The Sugar Mills Association clarified that there is no restriction on the sale of imported sugar and its prices, which is a clear contradiction. According to the association, such a policy can upset the supply balance in the market and as a result, consumers will have to buy expensive sugar.
The statement further said that if there is a shortage of sugar and prices increase, the responsibility cannot be imposed on the sugar industry.
