The Sugar Advisory Board (SAB) approved the export of 40000 metric tonnes of sugar to Tajikistan.
In a meeting chaired by Minister for Industries and Production Rana Tanveer Hussain, the Sugar Advisory Board decided the arrangements to export sugar to Tajikistan would be made by Trade Corporation of Pakistan after approval from the Economic Coordination Committee of the Cabinet.
The meeting reviewed the stock position of the sugar in the country which is reported to be 2.852 metric tonnes as of now.
“The available stock is sufficient to meet local demand of sugar. Pakistan Sugar Mills Association was of the view that there is a 1.5 Million MT surplus stock of sugar available in the country which should be exported to support Sugar Industry to earn revenue to meet financial obligations of growers,” a statement issued by the SAB read.
The minister directed Ministry of Industries and Production, Provincial Cane Commissioners and Federal Board of Revenue to carry out a reconciliation of stock and present a report in the next meeting of SAB which is likely to be held on coming Tuesday.
