According to the details. The accused sugar owners have demanded from the government that permission should be given to export the last year’s leftover sugar. On which negotiations between the government and the sugar mill owners are ongoing. But no final decision has been take-n yet. “Sugar Mills could not get Permission to Export Sugar, Deadlock in Negotiations”
Federal Minister for National Food Security Tariq Bashir Cheema said during the meeting that the formula has been give-n to the sugar mills owners. We will see if they will implement it. gave
Sugar Mills could not get Permission to Export Sugar, Deadlock in Negotiations
Tariq Bashir Cheema said that the Punjab government has taken a U-turn from its position. First it was sa-id that sugar stocks are low and export should not be allow.
The Federal Minister of Commerce said in this regard. That the problem is the position of the sugar stock at the time of which a third party audit has been decide. That by November 25, sugar mill owners will submit all the details of their stocks.
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Meanwhile, Chairman Pakistan Sugar Mills Association Zaka Ashraf said. That instead of giving permission to export sugar, the government has put us on a long road. I have not thought of a strike yet.
He said that the sugar mill owners are facing equity issues. While waiting for the decision of Punjab sugar mills in Sindh and KP to export sugar.
He further said that the production of sugar costs Rs 115 but the market price is fix at Rs 85 due to which the sugar mill owners have to bear a loss of Rs 10 crore while a loss of Rs 4 to 5 billion in a season.
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