ISLAMABAD: Prime Minister Shehbaz Sharif on Friday ordered strict action against hoarders creating an “artificial shortage” of sugar during the holy month of Ramadan, directing officials to coordinate with sugar mills to monitor its supply and consumption across the country.
Food prices in Pakistan often surge during Ramadan due to increased demand and supply chain inefficiencies. However, a major factor is hoarding and speculative pricing by traders who artificially inflate market rates to maximize profits.
Last month, Finance Minister Muhammad Aurangzeb warned the government would not spare hoarders, whose actions contribute to annual spikes in the cost of essential commodities during the holy month.
“We will not allow anyone to hoard sugar or manipulate prices through speculative trading,” the Prime Minister’s Office said in a statement quoting Sharif.
He directed authorities to crack down on profiteers and hoarders creating “artificial shortages” and present a report on the action taken.
“Strict monitoring of sugar supply and consumption must be ensured,” he added.
Sharif also instructed officials to establish coordination mechanisms with sugar mills to oversee the distribution of the commodity and prevent its artificial shortages.
He assured that the country had ample sugar reserves, dismissing concerns of a genuine shortfall.
“Those creating a false crisis must be brought within the ambit of the law,” he said. “During the holy month of Ramadan, we will not allow ordinary citizens to be exploited by the market mafia.”
Sharif directed the chief secretaries of all four provinces to ensure sugar was made available to the public at government-set prices during a high-level meeting in the federal capital.
The meeting, attended by federal ministers, senior government officials and provincial representatives via video link, reviewed sugar supply, consumption and pricing trends.
Officials also briefed the prime minister on the current stock levels and market conditions.
Pakistan PM orders crackdown on sugar hoarders creating ‘artificial shortage’ in Ramadan
https://arab.news/pghea
Pakistan PM orders crackdown on sugar hoarders creating ‘artificial shortage’ in Ramadan
- Shehbaz Sharif says the country has ample sugar reserves, dismisses genuine shortfall concerns
- He directs officials to work with sugar mills to monitor the commodity’s supply and consumption
At ECO meeting, Pakistan proposes ‘Regional Innovation Hub’ to curb natural disasters
- Pakistan hosts high-level 10th ECO Ministerial Meeting on Disaster Risk Reduction in Islamabad
- Innovation hub to focus on early warning technologies, risk informed infrastructure planning
ISLAMABAD: Pakistan has proposed to set up a “Regional Innovation Hub on Disaster Risk Reduction” that focuses on early warning technologies and risk informed infrastructure planning, the Press Information Department (PID) said on Wednesday, as Islamabad hosts a high-level meeting of the Economic Cooperation Organization (ECO).
The ECO’s 10th Ministerial Meeting on Disaster Risk Reduction (DRR) is being held from Jan. 21-22 at the headquarters of the National Disaster Management Authority (NDMA) in Pakistan’s capital.
The high-level regional forum brings together ministers, and senior officials from ECO member states, representatives of the ECO Secretariat and regional and international partner organizations. The event is aimed to strengthen collective efforts toward enhancing disaster resilience across the ECO region, the PID said.
“Key agenda items include regional cooperation on early warning systems, disaster risk information management, landslide hazard zoning, inclusive disaster preparedness initiatives, and Pakistan’s proposal to establish a Regional Innovation Hub on Disaster Risk Reduction, focusing on early warning technologies, satellite data utilization, and risk-informed infrastructure planning,” the statement said.
The meeting was attended by delegations from ECO member states including Pakistan, Türkiye, Azerbaijan, Iran, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Representatives of regional and international organizations and development partners were also in attendance.
Discussions focused on enhancing regional coordination, harmonizing disaster risk reduction frameworks, and strengthening collective preparedness against transboundary and climate-induced hazards impacting the ECO region, the PID said.
ECO members states such as Pakistan, Türkiye, Afghanistan and others have faced natural calamities such as floods and earthquakes in recent years that have killed tens of thousands of people.
Heavy rains triggered catastrophic floods in Pakistan in 2022 and 2025 that killed thousands of people and caused damages to critical infrastructure, inflicting losses worth billions of dollars.
Islamabad has since then called on regional countries to join hands to cooperate to avert future climate disasters and promote early warning systems to avoid calamities in future.
