
Sugar crisis worsens in Pindi
Sugar completely vanished from government-subsidised bazaars and stalls and was sold at Rs170 per kilogramme in the open market on Wednesday, raising questions about the district administration's price control measures during the holy month of Ramzan.
The association's president, Saleem Pervaiz Butt, said that retailers cannot buy sugar at Rs163 per kg and sell it at Rs164 per kg, as their transportation, packaging, loading, and labour costs amount to Rs10 per kg.
He demanded a profit margin of at least Rs10 per kg for retailers, outright rejecting the government-mandated price of Rs164 per kg. Butt further highlighted that sugar prices are rising daily, with the price of a sugar sack increasing regularly.
Rawalpindi Deputy Commissioner (DC) Hassan Waqar Cheema has warned shopkeepers that selling sugar above Rs164 per kg will result in store closures, legal action, and arrests.
Faced with these restrictions, retailers have no choice but to halt sugar sales, the association's office-bearer said and added that instructions have been issued across all divisions, and starting Friday, sugar will be completely removed from store shelves.
The Kiryana Merchants Association also pointed out that before this, the Poultry Retailers Union and the Mutton and Beef Retailers Union had also gone on strike due to government-fixed prices. The association urged the government to set sugar, meat, and poultry prices in line with market supply.
Despite passing five days, the price control magistrates appeared to be utterly helpless in regulating the prices of essential food items and beverages for Sehri and Iftar.
Prices of vegetables, fruits, and other items for Sehri and Iftar have increased, while sugar is not available even at government-subsidised markets and stalls. Due to the lack of subsidies at the Utility Stores, all the stores in the city are presenting a desolate picture.
Since the start of Ramazan, the rising prices of vegetables and fruits have continued unabated. In the open market, ghee is being sold at Rs500 per kg, oil Rs520 per litre, mutton Rs2,400 per kg, beef Rs1,400 per kg, gram flour Rs400 per kg.
Vendors are selling coriander leaves (which are given free with vegetables) at Rs30 per bunch, potatoes Rs90 per kg, onions Rs100 per kg, garlic Rs800 per kg, ginger Rs600 per kg, peas Rs100 per kg, tomatoes Rs150 per kg, and lemons Rs200 per kg.
Banana is being sold at Rs300 per dozen, oranges Rs400-500 per dozen, guava Rs250 per kg, apple Rs300-400 per kg, pomegranates Rs450 per kg, melons Rs250 per kg, gram flour Rs400 per kg, chickpeas Rs390 per kg, samosa Rs500 per dozen, pakora Rs600 per kg, and kachoris is being sold at Rs190 per piece.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
4 days ago
- Express Tribune
Merchants threaten sugar sales halt
The Central Grocery Merchants Association has sent a formal letter of protest to the federal government over the worsening sugar crisis, criticising its pricing policies and threatening to suspend sugar sales if wholesale prices continue to rise unchecked. Association Secretary General Rizwan Shaukat and Patron-in-Chief Saleem Pervaiz Butt stated that the price of a 50kg sugar sack in the wholesale market is increasing by Rs100 every other day. Sugar is now being sold at Rs174-177 per kg wholesale and has reached Rs190 per kg in retail markets. If prices continue to rise, it is expected to hit Rs200 per kg soon. Meanwhile, district authorities are pressuring retailers to sell sugar at Rs. 164 per kgan unfeasible demand, according to the association. They emphasised that wholesale sugar costs Rs177 per kg, and additional costs for transportation, loading/unloading, and packaging add up to Rs13 per kg.


Express Tribune
25-06-2025
- Express Tribune
High-value transactions stay cash-based: SBP
High-value transactions in Pakistan continue to rely significantly on paper-based and over-the-counter (OTC) methods, indicating issues of trust or accessibility in digital high-value channels. While 89% of Pakistan's retail payments are now conducted through digital channels, they represent just 29% of the total transaction value — Rs48 trillion out of Rs164 trillion — according to the State Bank of Pakistan (SBP)'s latest Payment Systems Quarterly Review. In stark contrast, OTC payments processed through bank branches and branchless banking agents, though only 11% by volume, account for a dominant 71% share in value. This disparity highlights a key challenge in the country's digital transition: high-value transactions continue to rely heavily on cash and paper-based methods, suggesting ongoing trust, usability, or accessibility concerns in digital channels for large payments. The SBP has released its Quarterly Payment Systems Review for Q3FY25, summarising trends in payment systems and presenting notable changes in the country's digital payment landscape. Digital payments in the country continued their upward trajectory during Q3FY25, with substantial increases in transaction volume and value. Retail payment volumes climbed 12% to reach 2,408 million transactions, while the overall transaction value grew by 8% to Rs164 trillion. Digital channels accounted for 89% of all retail transactions. Mobile app-based platforms — including mobile banking apps, branchless banking (BB) wallets, and e-money wallets — collectively processed 1,686 million transactions worth Rs27 trillion, reflecting a 16% growth in volume and a 22% surge in value. The number of users of digital banking services also witnessed a steady rise. Mobile banking app users grew to 22.6 million (up by 7%), e-money and BB wallet users increased to 5.3 million (up by 12%) and 68.5 million (up by 6%) respectively, while internet banking users reached 14.1 million (up by 7%). Internet banking, despite a growing user base of 14.1 million, showed only marginal growth in transaction value, suggesting limited use beyond basic fund transfers. Meanwhile, call centre and Interactive Voice Response (IVR)-based banking has become virtually obsolete, raising concerns about service accessibility for digitally marginalised populations. Credit card usage remains limited, with only 4% of the 57.5 million cards in circulation being credit cards. E-commerce payments increased by 40% in volume to 213 million and by 34% in value to Rs258 billion compared to the previous quarter. Digital wallets were the largest contributors to e-commerce payments — 94% (199.1 million) by volume — while card-based online payments accounted for only 6% (13.5 million). For in-store purchases, 140,861 merchants processed 99 million (up 12%) transactions worth Rs550 billion (up 8%) using a network of 179,383 point-of-sale terminals. Additionally, merchants accepting QR codes processed 21.7 million transactions valued at Rs61 billion. SBP-operated payment systems, Raast (Instant Payment System) and RTGS (Real-time Gross Settlement System), have been instrumental in accelerating digital payments. Raast processed 371 million transactions worth Rs8.5 trillion during the quarter, bringing cumulative volumes since its launch to 1.5 billion transactions and more than Rs34 trillion in value. Large-value payments via RTGS handled 1.5 million transactions amounting to Rs347 trillion. Although Raast has seen strong growth in person-to-person (P2P) transfers, with transactions rising to 368 million, its person-to-merchant (P2M) component remains underutilised. Only 1.5 million P2M transactions worth Rs4.5 billion were recorded, despite onboarding over 770,000 merchants. This points to weak adoption of QR and account-based payments at retail points. The shift towards a digital economy is well-supported by SBP's strategic initiatives, as well as the concerted efforts of banks, fintechs, and payment service providers, SBP stated. As digital payments expand, SBP remains committed to promoting financial inclusion and improving payment efficiency for all stakeholders. Experts say the persistent dependence on cash, underdeveloped credit infrastructure, geographic disparities in digital access, and low interoperability across platforms are key hurdles to realising the full potential of digital financial inclusion in Pakistan.


Express Tribune
20-06-2025
- Express Tribune
Traders announce halting sugar sales over govt failure
The Karyana Merchant Association Punjab has strongly condemned the continued and devastating rise in sugar prices, attributing the crisis to the government's complete failure to intervene. In response, the association has announced a province-wide halt in sugar sales at all grocery stores and has appealed to the public across the country to boycott sugar and instead use alternatives such as jaggery (gur) and unrefined sugar (shakkar). The association described the control of sugar prices as "extremely difficult," noting that in the open market, sugar prices have surged to Rs190 per kg in urban areas and up to Rs200 per kg in suburban and rural regions. According to Sheikh Rizwan Shaukat, the central general secretary of the Karyana Merchant Association, and Saleem Pervaiz Butt, the president of the Rawalpindi Division, both the federal and Punjab governments have proven utterly powerless and ineffective in curbing sugar prices. Wholesale sugar prices are increasing daily by Rs100 to Rs300 per bag. They alleged that a powerful sugar mafia is exploiting the nation while small grocery shop owners are being unfairly targeted through fines and legal action. They further criticised the inconsistent sugar policies — allowing export at one time and import at another — as mechanisms for profiteering. Despite repeated meetings with senior officials and ministers over the past two months to alert them to the exploitation occurring in the name of sugar, the authorities have failed to take any effective action. Now, the association says, they are left with no other option but to halt sugar sales altogether to avoid heavy fines, penalties, and arrests.