PM to Review Plans for Free Sugar Market Today

Prime Minister Shehbaz Sharif will convene a meeting today to discuss plans for deregulating Pakistan's sugar market as part of the nation's commitment to the International Monetary Fund (IMF), according to sources. The gathering will examine proposed reforms and assess progress towards their implementation. Expectations are that the prime minister will receive an overview of the measures being considered and the steps needed to execute them.

Sources indicate the prime minister is likely to issue directives at the meeting concerning the proposed reforms. Pakistan has pledged to deregulate the sugar sector in line with IMF stipulations, sources shared with ProPakistani. Sugar producers have long advocated for complete deregulation, contending that the industry should function under free market principles with minimal government interference.

The Pakistan Sugar Mills Association has emphasized that the sector should operate according to market dynamics rather than continue to be governed by heavy government regulations.