ISLAMABAD: Government on Saturday approved import of 0.3 million tonnes of sugar to control surging price of the commodity.
Ministry of Industry and Production has recommended to discontinue export of sugar and suggested import of 300000 tonnes to maintain reserves of sugar.
Ministry of Commerce was directed to approach ECC to discontinue the export quota of 1.1 million tons of sugar.
According to Pakistan Bureau of Statistics, presently average retail price of sugar is Rs79/kg. However, according to the International Sugar Organization, the international white sugar price should be Rs.62.60/ kg