ISLAMABAD: The Sugar Advisory Board (SAB) has approved exporting 100,000 metric tons of sugar.
The decision was taken at a meeting of SAB, presided over by Minister for Industries and Production Rana Tanveer Hussain
According to the Industries Ministry, the final approval for export of sugar will be accorded by the Economic Coordination Committee (ECC) of the Cabinet.
Minister for Commerce Jam Kamal Khan also attended the meeting.
According to official statement, during the meeting, SAB reviewed the availability of sugar stocks and prices in the country.
The Minister highlighted that there is surplus sugar in the country adding that there will be no hike in the ex-mill price of sugar.
Minister for Industries and Production and M/s NFS&R Rana Tanveer said that sugar exports will be carried out following the terms and conditions set by the cabinet.
Informed sources said that the government was under pressure from sugar lobby to get extension in deadline for export of already approved quantity, in addition to additional quantity of 100,000 MTs.
