The government is all ready to purchase 500,000 tons of sugar.

ISLAMABAD – The federal cabinet has given the final approval for the import of 500,000 tons of sugar in an effort to stabilize the market and keep prices under control.

According to the Ministry of National Food Security, all required procedures have been completed, and the process of importing sugar through official channels is slated to begin immediately.

Officials said the action is intended to balance sugar prices and maintain a steady supply across the country.

This time, the policy is being lauded as better and more open than prior governments’ efforts.

“In the past, artificial shortages were created to jack up prices and burden the national exchequer with heavy subsidies,” a trusted source told me.

The present government, on the other hand, previously permitted sugar exports when local supply was more than adequate.

It is now stepping in to buy sugar as a preventative move to keep the ship stable in the face of escalating prices.

Analysts think that prompt action and a shift in policy direction might help avert another sugar crisis and prevent market panic.