Rangers seize sugar worth Rs1 billion in crackdown against hoarders 

In a well-executed operation against sugar hoarders in Karachi, Rangers seized a significant quantity of sugar valued at Rs1 billion.

They conducted raids at two separate sugar warehouses on Hub River Road in Baldia Town, resulting in the recovery of about 140,000 bags of sugar, as confirmed by the paramilitary spokesperson.

The estimated value of the confiscated sugar is over Rs1 billion. Interestingly, this sugar was destined for illegal smuggling into Afghanistan via Balochistan, and it has been handed over to the civil authorities for legal action.

The surge in sugar prices, exceeding Rs200, prompted the government to crack down on sugar hoarding nationwide, aiming to control the artificial inflation of this essential commodity.

This crackdown not only recovered thousands of sugar bags but also led to the arrest of individuals involved in the illicit sugar trade, known as “sugar mafias,” who were stockpiling and selling sugar at high prices.

While effectively addressing sugar hoarding, this campaign also reduced sugar prices in the local market. Recent data from the Pakistan Bureau of Statistics (PBS) shows a significant 9.11 per cent decrease in sugar prices.

In a well-executed operation against sugar hoarders in Karachi, Rangers seized a significant quantity of sugar valued at millions of rupees, as reported by The News on Saturday.

They conducted raids at two separate sugar warehouses on Hub River Road in Baldia Town, resulting in the recovery of about 140,000 bags of sugar, as confirmed by the paramilitary spokesperson.

The estimated value of the confiscated sugar is over Rs1 billion. Interestingly, this sugar was destined for illegal smuggling into Afghanistan via Balochistan, and it has been handed over to the civil authorities for legal action.

The surge in sugar prices, exceeding Rs 200, prompted the government to crack down on sugar hoarding nationwide, aiming to control the artificial inflation of this essential commodity.

This crackdown not only recovered thousands of sugar bags but also led to the arrest of individuals involved in the illicit sugar trade, known as “sugar mafias,” who were stockpiling and selling sugar at high prices.

While effectively addressing sugar hoarding, this campaign also reduced sugar prices in the local market. Recent data from the Pakistan Bureau of Statistics (PBS) shows a significant 9.11 per cent decrease in sugar prices.Additionally, this effort against hoarders and smugglers had a broader positive impact.

Weekly inflation decreased by 0.25 per cent in the week ending on September 14, reversing seven consecutive weeks of inflation, mainly due to lower prices of chicken and sugar in local markets following government intervention.