The price of sugar in Karachi’s wholesale market has surged by Rs5 per kg within a few hours, reaching Rs163 per kg on Wednesday.
Just a day earlier, the commodity was available at Rs158 per kg, marking a sharp increase in its cost.
According to traders, the Competition Commission of Pakistan's (CCP) investigation into sugar cartelization has backfired, causing further disruption in the market. They claim that instead of curbing price manipulation, the probe has led to increased inflation in the sugar sector.
Additionally, traders have accused the government of legally enabling the rising sugar prices, alleging that recent policies have provided legal cover to inflation rather than controlling it.
