PSMA calls for complete sugar sector deregulation
LAHORE: The Pakistan Sugar Mills Association (PSMA) has called for complete deregulation of the sugar sector, arguing that the industry should be allowed to operate according to free-market principles. The association’s general body reiterated its longstanding demand for complete deregulation of the sugar sector. It maintained that farmers would be the primary beneficiaries of deregulation as…
The Pakistan Sugar Mills Association (PSMA) has called for complete deregulation of the sugar sector, arguing that it would benefit farmers and the industry as a whole. The association claims that deregulation would allow mills to freely import raw sugar when needed and process locally produced sugarcane according to market conditions.
It also warns that if the sector remains subject to existing regulatory frameworks, growers may shift away from sugarcane cultivation, resulting in a need for substantial foreign exchange to import sugar. The PSMA has urged the government to move towards complete deregulation of the sugar sector to ensure market-based operations and maintain the viability of the industry.
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