The Federal Cabinet has approved a proposal by the Ministry of Maritime Affairs directing all government departments to route 50% of their imports, including wheat, sugar, and fertiliser, through the Gwadar Port. The cabinet meeting, chaired by Prime Minister Shehbaz Sharif, also called for an increase in the volume of exports from Gwadar Port in … Read more
LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture has recommended the government deregulate sugar and wheat markets, advocating for a free trade approach. This would allow price signals to reach stakeholders, encouraging investment, increasing competitiveness, and reducing distortions in local supply. FPCCI Chairman of the Agriculture Committee, Ahmad … Read more
The State Bank of Pakistan (SBP) has directed banks to facilitate sugar export shipments for an additional 15 days, following approval from the federal cabinet. According to a circular issued by the SBP, the extension builds on the initial 45-day period previously granted for sugar exports. For provinces other than Punjab, the 15-day extension will … Read more
ISLAMABAD: The cabinet has deferred export of a further 100,000 tons of sugar till the start of new crushing season and directed the Ministry of Industries to bring a fresh case after taking into account all relevant parameters. Earlier, the Economic Coordination Committee (ECC) allowed export of 100,000 tons of sugar, which was tabled before … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) granted approval on Thursday for the export of an additional 100,000 metric tons (MT) of sugar, subject to specific conditions. The decision was made during a meeting chaired by Federal Minister for Finance and Revenue, Muhammad Aurangzeb, following a summary presented by the Ministry of Industries & Production. This … Read more
A handful of sugar on a woman’s palm. — Reuters/ file The Economic Coordination Committee (ECC) of the cabinet on Thursday gave conditional approval to the export of an additional 0.1 million metric tonnes of sugar, the summary for which was submitted by the Ministry of Industries and Production. The ECC put condition that in … Read more
ISLAMABAD: Minister for Industries and Production Rana Tanveer Hussain on Wednesday chaired a meeting of the Sugar Advisory Board (SAB) which recommended exporting 100,000 metric tons of sugar. In this regard the final approval for sugar export will be given by the Economic Coordination Committee (ECC) of the Cabinet, said a news release. Minister for … Read more
ISLAMABAD: After analyzing the available stock, crop and prices in domestic market, Sugar Advisory Board (SAB) on Tuesday approved export of 40000 matric ton sugar to Tajikistan. As per details, during meeting of the board, the SAB recommended export of 40,000 metric tons of sugar to Tajikistan. The arrangements to export sugar to Tajikistan shall … Read more
ISLAMABAD: At least 25 sugar mills owned by influential individuals with ties to the country’s political elite have defaulted on loans worth over Rs 23 billion taken from the state owned National Bank of Pakistan (NBP). The revelations came to light as part of an audit of NBP and revealed a number of major defaulters. … Read more
LAHORE: In response to recent media reports on sugar price hikes beyond the Economic Coordination Committee’s (ECC) benchmark, the Pakistan Sugar Mills Association (Punjab Zone) (PSMA-PZ) has issued a clarification. A spokesperson for PSMA stated that ex-mill sugar prices have remained within the government’s declared limit of Rs.140 per kg. This limit was established during … Read more