The Competition Commission of Pakistan (CCP) has informed Finance Minister [insert name if known] that the government’s decision to allow sugar exports earlier this year was based on inaccurate industry data.
In a briefing, the CCP said mills had underreported domestic stocks, creating a misleading picture of surplus availability. The exports, it warned, contributed to subsequent supply shortages and price hikes in the local market.
The commission recommended stricter verification of production and inventory figures before approving future exports, and urged stronger penalties for data manipulation.
The revelation comes as the government faces criticism over rising sugar prices and alleged cartelisation in the sector.