ISLAMABAD: The Federal government rejected the demand of sugar millers for export of 1 million tons of sugar.
The government said that surplus stocks were not independently “verifiable”, staying off the pressure for now.
It was decided in a meeting held between Finance Minister Ishaq Dar and delegation of Pakistan Sugar Mills.
Finance Minister Ishaq Dar emphasized on maintaining strategic reserves of sugar and its prices to provide maximum relief to masses.
The Finance Minister said the government aims to facilitate the business community and bring ease in doing business to keep the economy at trajectory path.
The delegation briefed the Finance Minister about the issues faced by the sugar industry related to GST, availability of sugar stock and sugar export.
The Finance Minister assured to address and resolve these issues at the earliest
The PSMA disclosed to the media that sugar millers had for the last one-year been demanding export of surplus sugar as the Federal board of Revenue (FBR) also check the excessive stocks through its Track and Trace System and other relevant departments also confirmed these stocks; therefore, the federal government should grant permission to export this excess sugar
