The government has exempted the import of 350,000 tons of sugar from all import taxes and duties, with the aim of stabilizing sugar prices, as reported by national media.
In this regard, an important meeting of the Steering Committee was held under the chairmanship of Federal Minister for National Food Security and Research, Rana Tanveer Hussain. The meeting included detailed discussions on the availability, quality, price stability, and import mechanism of sugar in the country.
It was decided in the meeting that immediate measures would be taken to prevent a possible shortage of sugar in the country and to avoid unnecessary price hikes, in order to provide relief to the public and maintain market balance. It was also decided that the import of sugar would be carried out through the Trading Corporation of Pakistan (TCP) to ensure transparency, quality, and government control.
A prompt import strategy has been devised to ensure the availability of affordable and quality sugar in the market. In this context, the first tender will be issued for 200,000 tons, followed by a second tender for 150,000 tons of sugar.
To facilitate this process, the government has waived all import taxes and duties. It is worth noting that sugar prices have recently risen across the country, with sugar being sold for up to Rs. 200 per kilogram in some cities.
