Modalities for export of 20,000 MT surplus sugar approved
ISLAMABAD: The government on Tuesday approved modalities for the export of 200,000 metric tonnes of surplus sugar and constituted a monitoring committee to regularly monitor domestic sugar prices, while directing the concerned ministries to expedite the process. Deputy Prime Minister/Foreign Minister Senator (DPM/FM) Mohammad Ishaq Dar chaired a meeting of the Cabinet Committee for the Export of…
Islamabad witnessed a significant decision on Tuesday as the government approved the modalities for exporting 200,000 metric tonnes of surplus sugar. In a meeting chaired by Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar, the Cabinet Committee for the Export of Surplus Sugar finalized the processes for this export.
This move aims to support the sugar industry and farmers, enhance foreign exchange earnings, and safeguard domestic consumers. Besides Ishaq Dar, other key attendees included the Minister for National Food Security and Research, Minister for Climate Change, SAPM Tariq Bajwa, and Secretaries of Commerce and National Food Security and Research.
The government also established a monitoring committee to keep a close watch on domestic sugar prices, which will be reviewed regularly. The decision comes after the Prime Minister's Office urged the government to allow surplus sugar exports. All concerned ministries have been directed to expedite the process and finalize the pending formalities promptly.
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