Govt finalizes modalities for export of 200,000 tons surplus sugar

According to Mettis Global, the government has settled the procedures for shipping abroad 200,000 metric tons of surplus sugar. A monitoring panel has also been created to keep a regular watch on sugar rates within the domestic market. Both decisions were reached at a session of the Cabinet Committee for the Export of Surplus Sugar, presided over by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar.

The meeting included the federal ministers for food security and climate change, Special Assistant Tariq Bajwa, the commerce and food security and research secretaries, plus other stakeholders from federal and provincial departments. Dar asked the concerned ministries to hasten the process and settle pending paperwork promptly. He described the move as a way to back the sugar industry and cane growers, lift foreign exchange earnings, and keep local consumers protected.