Sugar export

Minister says decision would be taken in collaboration with all relevant departments

Earlier, Ministers Tariq Basheer Cheema and Miftah Ismail had turned down export demand

Exports and remittances are falling and the external financing needs are the highest ever

Export stopped to maintain prices of the sweetener in domestic market

Okays moving of summary to ECC to prevent the remaining quota of sweetener from leaving country

State Bank imposed the fine despite the shipping process having completed on time

ECC relaxes condition that prevented bank defaulters from sugar shipments

Information minister claims support will end deadlock between growers, millers

Say they will not be able to pay cane growers in the absence of exports

Shipments lead to artificial shortage, price rise in domestic market

ECC brushes aside ministry’s proposal, allows export of a higher quantity

The ECC has also approved Rs13 per kg as partial support for incidentals and freight for the export of sugar

ECC allows export of 500,000 tons, Rs13 per kg in subsidy