ECC allows import of 300,000 tonnes of sugar

Economic Coordination Committee (ECC) of the Cabinet has allowed import of up to 300,000 metric tonnes of white sugar to maintain buffer stocks in the country.

The permission was given at the ECC meeting in Islamabad with Adviser on Finance Dr. Abdul Hafeez Shaikh in the chair.

The procurement and other modalities of sugar import will be decided by a three-member committee, comprising Secretary Industries and Production, Secretary Commerce and Secretary Finance.

The ECC also approved revision of prices of petroleum products on fortnightly basis instead of the existing monthly basis.

 

Source: Radio Pakistan

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