Pakistan to stop sugar export; aims to provide subsidy at home

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Pakistan will not export sugar from now onwards on a regular basis said Abdul Razak Dawood, an adviser to the Prime Minister on Commerce, Industry and Textile and Production.

Dawood said that the sugar would now only be exported under the special conditions and not as a regular item on the export agenda.

“Government is working to provide cheaper items and commodities to the people. We will consider exporting sugar after reviewing total production in this year and if sugar will be in surplus”, he further added addressing a gathering on sustainable development.

Sugar prices in Pakistan are skyrocketing; therefore, the government is exploring for ways to reduce it. In the last few months, the country witnessed a sudden hike in sugar prices as in Ramazan it was available at Rs 54 per kg for the residents. The Price Monitoring Committee, in its recent meeting, expressed serious concern at the hike in sugar price.

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