ISLAMABAD: The federal government has conditionally allowed the export of additional sugar and directed to maintain the local stocks to ensure the smooth supply of the commodity in local markets at a sustainable price, state-run APP reported.
During the meeting of the Sugar Advisory Board with Minister of Industry and Production Rana Tanveer Hussain in chair, the decision was taken to export 150,000 metric tons of sugar from the country.
In this regard, an agreement was signed between the government and the Pakistan Sugar Mills Association and the summary regarding the export of sugar will be submitted to the Economic Coordination Committee (ECC).
The Minister of Industry and Production said that ex-mills sugar prices would not be increased under any circumstances while all the pending payments to farmers would be made on priority.
Furthermore, the federal minister Rana Tanveer said that the sugar advisory board would again review the sugar prices and market stability in a fortnight.
Rana Tanveer said that in the future, the export of sugar will depend on price stability and stock availability in the country. He added that sugar mill owners had demanded the export of 1.5 million metric tons of sugar.
KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…
ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…
KOHAT: A residential house collapsed due to heavy rain in the Malgin area of Lachi…
ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…
DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…
ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…