ECC approves revised conditions for facilitation of sugar export.

ISLAMABAD -- The Economic Coordination Committee (ECC) of the Cabinet has approved the revised conditions for the facilitation of export of sugar. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet.

Ministry of Commerce submitted a summary regarding export of sugar with proposals from SBP and PSMA on certain conditions regarding mode of payment and time period for realization of export proceeds. It was informed that the ECC has already allowed export of a total of 250,000 MT of sugar on 3rd January, 2023. However, certain queries have been raised by the stakeholders in the process of export of sugar.

For the facilitation of export of sugar, the ECC after detailed discussion approved revised conditions, which may be considered as follow: i. Provincial Cane Commissioners will allocate quota within seven (07) days of the issuance of the notification. ii...