ISLAMABADÂ :(Parliament Times) Â The Ministry of Commerce, on Wednesday, has agreed to export 225,000 tons of sugar on the recommendation of Sugar Advisory Board (SAB) by March 31, 2017, well-informed sources told Dunya News.
The ministry has decided to offer no rebate on sugar export. MoC has prepared a summary for the Economic Co-ordination Committee (ECC) of the Cabinet in its forthcoming meeting.
Pakistan Sugar Mills Association (PSMA) in a letter to Commerce Minister had sought permission to export 0.5 million tons of sugar by March 31, 2017 without any subsidy.
However, later on, the sugar industry argued that since the commodityâ€™s price has come down in the international market the government should consider a freight subsidy but the Commerce Ministry has not supported this proposal.