Economic Coordination Committee meeting, permission was given to export 1 lakh metric tons of sugar. According to the announcement. It was decided in the Economic Coordination Committee meeting that sugar will be exported from Pakistan every 15 days. “The Economic Coordination Committee allowed the Export of 1 Lac Metric tons of Sugar”
According to the details. A meeting of the Economic Coordination Committee of the Federal Cabinet was helds today under the chairmanship of Federal Finance Minister Ishaq Dar. In the meeting of the Economic Coordination Committee, a summary was present regarding the permission to export sugar.
The Economic Coordination Committee allowed the Export of 1 Lac Metric tons of Sugar
According to the statement of the meeting. Approval has been givens to export 1 lakh metric tons of sugar after reviewing the stock. While during the meeting, apart from approving the export of sugar, a 3-point agenda was also consider.
According to the statement, It was decide in the Economic Coordination Committee meeting that sugar will be export from Pakistan every 15 days.
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After the meeting. It was also stateds in the declaration that the sugar industry has raised an objection on the issue of further stock inspection.
The inspection report has already been submitteds by the Punjab province. Will be discuss while the federal government had directed the FBR to confirm the inspection of 1 million tons of sugar stock for exporting sugar.
In the Economic Coordination Committee meeting. Supplementary grants of the Ministry of Environment and Housing have also been approveds.
On the other hand. The spokesperson of the Sugar Mills Association said that the sugar industry has stock up to January 15, 2023. The sugar industry has only 2 options for additional sugar.
One option is to delay the crushing season so that the crushing season is completeds on January 15. And the other way is for the coalition government to allow the export of 1 million tons of sugar. According to the spokesperson, He export of sugar can earn up to 1 billion dollars in foreign exchange.