Pakistan, May 28 -- In a significant development, the Ministry of National Food Security and Research and sugar mill owners have agreed to temporarily reduce sugar prices until Eid-ul-Adha. The decision was made during a high-level meeting held on Wednesday, chaired by Federal Minister Rana Tanveer Hussain, and attended by sugar industry representatives and other stakeholders.

According to a statement released by the ministry, both parties also agreed to hire a third-party audit firm to evaluate sugar production costs. The move aims to bring transparency to future price decisions and ensure a fair, data-backed pricing system for sugar.

As per the agreement, once the audit report is completed and reviewed in mutual consultation, a new su...