Long-term sugar policy under consideration

Dawood expressed hope that balance quota for sugar export to China would be utilised to improve balance of trade

ISLAMABAD: Government intends to devise a long-term sugar policy to ensure consistency and stability amongst the sugar producers and manufacturers and the general public, said Adviser to Prime Minister on Commerce Abdul Razak Dawood.

He was chairing a meeting of Sugar Advisory Board on Thursday to discuss various issues including availability and pricing of sugar.  The adviser expressed satisfaction over the current figures of sugar availability and hoped that the upcoming season would not bring any stress on consumers.

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Terming sugar an everyday household commodity, he emphasised upon the importance of providing relief to the general public by not hiking sugar prices unreasonably. SBP representative informed the participants that export quota of 500,000 tons had been approved by the central bank.

Dawood expressed hope that balance quota for sugar export to China would be utilised to improve Pakistan’s balance of trade. 

Published in The Express Tribune, June 21^st, 2019.

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