The federal cabinet approved the export of an additional 500,000 metric tons of sugar, with conditions applied to ensure price stability and domestic supply.
The federal cabinet gave the approval through a circular. The retail price of sugar is fixed at Rs. 145.15 per kilogram. If prices exceed this benchmark, exports will be cancelled immediately, as per one of the conditions.
The sugar mill owners must begin production by November 21. The Sugar Advisory Board will regularly monitor sugar prices to prevent price hikes.
The cenrtre also directed the provincial governments to monitor sugar prices. It also asked the mills owners to ensure that the price of ex-mil sugar does not exceed Rs 140 per kilogram.
The State Bank of Pakistan will inform the Economic Coordination Committee about the status of sugar exports on a 15-day basis. It may be noted here that a total of 750,000 tons of sugar has been allowed to be exported since June 2024, the sources said.
