Summary for 0.5 mln tonnes sugar import being moved to ECC: Hammad.

ISLAMABAD -- Federal Minister for Industries, Hamad Azhar said Sunday that summary for import of 0.5 million tonnes of sugar was being moved for upcoming meeting of the Economic Coordination Committee (ECC) of the cabinet.

In a tweet, the federal minister said, the provisional estimates suggest that local production of sugar would be higher than last season, but owing to low carryover stocks, the Trading Corporation of Pakistan (TCP), in consultation with provinces, would be advised to initiate imports early.

He said that the provinces would be advised to release this sugar at retail stage at subsidised and control rates.

The Cane commissioners have reported ample supply of sugar and sugar cane for the time being, he said adding any reports to the contrary were fake news.

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