Pakistan, March 11 -- In an effort to stabilize and curb the surging sugar prices, the federal government has decided to import raw sugar (shakkar), The News reported on Tuesday. According to a government press release, the import of raw sugar is expected to help reduce prices while also boosting future sugar production, as it can be refined locally.

The decision comes amid a sharp increase in sugar prices across the country. Last month, the nationwide average price reached Rs150.43 per kilogram. Since the week ending November 28, 2024, sugar prices have risen by Rs18.58 per kg-a 14.3% surge. Comparatively, in February 2024, the average price stood at Rs144.47 per kg, marking an annual increase of approximately Rs6 per kg.

The relentles...