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Home Business

FBR ban on local sugar sales threatens market crisis: PSMA

1 year ago
in Business
Reading Time: 1 min read
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 By Our Correspondent 

LAHORE: Pakistan Sugar Mills Association (PSMA) has voiced strong reservations over the Federal Board of Revenue’s (FBR) move to block the sale of locally produced sugar through its online portal, while imported sugar continues to be sold freely without any restrictions—an approach the Association termed as a clear contradiction.

Read also: Sugar crisis deepens in Lahore amid pricing dispute; govt tightens grip on dealers and mill owners

A PSMA spokesman warned that such policies could trigger a severe market crisis, with sugar shortages driving prices upward—an outcome for which the domestic sugar industry must not be held responsible.

The Association strongly urged the government to immediately lift restrictions and allow sugar mills across the country to sell sugar in the open market to safeguard consumers from unnecessary price hikes.

 

Tags: FBR sugar sale bangovernment sugar policyimported sugar policyPakistan economy newsPSMA press releasesugar industry crisis Pakistansugar mills demandsugar price hikesugar shortage fears
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