PM Imran congratulates economic team for bringing sugar prices down
ISLAMABAD: Prime Minister Imran Khan on Saturday congratulated his economic team for bringing sugar prices down through multi-pronged strategy.
“Sugar is being sold at a national average of 81 rupees per kilogram while it was on 102 rupees per kilogram a month back,” he wrote in a tweet.
On the other hand, Federal Minister for Planning, Development and Special Initiatives Asad Umar said that the price of sugar had slumped by Rs31 a kilogram in one month.
“The average price of sugar in the country has come down by Rs 31 per kg in the last one month. When an attempt is made to change a corrupt system, the beneficiaries of the system resist, and if they are powerful people, the resistance is greater. However, if the government is well-intentioned and courageous, it will succeed in the end,” he said.
The Asian Development Bank (ADB) has recently said that Pakistan’s economy was recovering particularly in manufacturing and construction sectors supported by the government’s emergency relief package.
In its report, Asian Development Outlook 2020 Supplement, Paths Diverge in Recovery from the Pandemic, forecast the developing Asian growth to rebound to 6.8% in 2021.