ISLAMABAD: A joint meeting of the Cabinet Committee on Monitoring Sugar Export and Sugar Advisory Board (SAB), Thursday, recommended exporting 40,000 tons of refine sugar to Tajikistan.
The meeting was chaired by the Federal Minister for Industries and Production, Rana Tanveer Hussain, which recommended exporting 40,000 metric tons of sugar to Tajikistan.
Following this recommendation, the ministry would present updates on the sugar industry to the Cabinet’s Economic Coordination Committee (ECC) for a decision regarding the sugar export. The minister also noted that the SAB recommended increasing the export period from 45 to 60 days.
During the meeting, representatives of the Pakistan Sugar Mills Association stated that there had been no increase in the ex-mills price of sugar and it had nothing to do with the retail price of the commodity. The sugar industry urged the government to take steps to maintain the retail price, saying that the association has nothing to do with the fixation of retail sugar price.
Copyright Business Recorder, 2024
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