ECC Allows Export of Additional 0.1 Million Tones of Sugar

The Economic Coordination Committee of the cabinet on Tuesday allowed export of an additional o.1 million tones of sugar.

The ECC met in Islamabad with Federal Finance Minister Asad Umar in the chair. The committee discussed a four-point agenda.

The committee decided to allow export of an additional 0.1 million tones of sugar. The ECC had already allowed one million tones of sugar in its previous meeting.

The forum decided to ensure get sugarcane crushing season started as early as possible. For this purpose, it decided to take help from the provincial governments.

The committee deferred approval of a summary regarding payment of refunds to exporters in a bid to increase the country’s export.

The committee issued directives to devise a strategy for payment of the pending refunds’ claims to the exporters. It asked the Federal Board of Revenue, Ministry of Commerce, State Bank of Pakistan and Ministry of Finance officials to hold a joint meeting and evolve a mechanism for the purpose.

The forum also approved a summary for allocation of 30 MMCFD gas from Zafir Gas Field.