August 22, 2024 (MLN): Minister for Industries and Production Rana Tanveer Hussain chaired a meeting of the Sugar Advisory Board (SAB) on Wednesday, during which it was decided to send a summary to the Economic Coordination Committee recommending the export of 100,000 metric tons of surplus sugar.
Accordingly, the final approval for sugar export will be given by the Economic Coordination Committee (ECC).
During the meeting, the availability of sugar stocks and prices in the country was reviewed in details.
The minister highlighted that there is surplus sugar in the country adding that no hike in the ex-mill price of sugar will be accepted because of export.
Pakistan Sugar Association will ensure maintainance of ex-mills price of sugar as agreed earlier. Rana Tanveer said that sugar exports will be carried out following the terms and conditions set by the cabinet.
The meeting was attended by Federal Minister for Commerce, Jam Kamal Khan, the Secretary, Industries and Production, other high ranking federal Offices, representatives from provinces, representatives from Pakistan Sugar Mills Association, Provincial Cane Commissioners, FBR officials and growers.
