Summary to import 500k tonnes of sugar being moved to ECC: Hammad

1 month ago 11

summary sugar ecc hammad azhar

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar on Sunday said that a summary for import of 500k tonnes of sugar is being moved to the Economic Coordination Committee (ECC), ARY News reported.

In a tweet, Hammad Azhar said estimates of the provincial governments suggest local production of sugar will be higher than last season. But owing to low carryover stocks, TCP, in consultation with provinces, will be advised to initiate imports early.

Summary for import of 500k tonnes of sugar is being moved for upcoming ECC. Provisional estimates suggest local production of sugar will be higher than last season. But owing to low carry over stocks, TCP, in consultation with provinces, will be advised to initiate imports early.

— Hammad Azhar (@Hammad_Azhar) January 17, 2021

The minister further stated that the provinces will be advised to release this sugar at retail stage at subsidised and control rates.

Read more: PM Imran orders massive crackdown on sugar hoarders, profiteers

Cane commissioners have reported ample supply of sugar and sugar cane for the time being. Any reports to the contrary are fake news.

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