In a shocking turn of events, the price of sugar in Karachi has skyrocketed to an unprecedented Rs 140 per kilogram within a mere three days, leaving residents in dismay. The wholesale market has also witnessed a substantial surge of Rs 12 per kilogram, causing a hundred-kilogram sack of sugar to now cost a staggering Rs 13,200.
This abrupt surge in sugar prices is reportedly a consequence of actions taken by sugar mills’ owners, who have allegedly disrupted the sugar supply to the market. Adding fuel to the fire, reports of sugar exports have further intensified the cost hike, placing considerable strain on Karachi’s residents already grappling with economic challenges and soaring inflation.
But the impact doesn’t stop at sugar alone. Essential commodities like chicken meat are also bearing the brunt of rising costs, with some markets selling it for Rs 500 or more. Shockingly, the price of live chicken has surged to Rs 350 or above, surpassing the government-mandated price of Rs 324. The cause? A strike by three major poultry businesses has led to a severe shortage of chicken in Islamabad and Rawalpindi.
This domino effect of price hikes is taking a toll on consumers, exacerbating the economic challenges faced by the country. High inflation and a depreciating rupee against the dollar have already burdened citizens, making the situation even more precarious.
As Karachi navigates these turbulent economic waters, citizens are left hoping for a swift resolution to these crises, desperately awaiting relief from the relentless surge in prices.
