pakistan
Millers ‘seek’ approval to export 1 million tonnes of sugar
Key takeaways
- The owners of sugar mills have sought permission to export 10 lakh tonnes of sugar, ARY News reported on Sunday, citing sources within the Ministry of Industries and Production.
- Officials said that detailed stock figures of sugar have already been submitted to the ministry for review.
- However, the sugar industry has warned that if exports are not allowed, mills may face financial losses due to excess stock levels.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize. The owners of sugar mills have sought permission to export 10 lakh tonnes of sugar, ARY News reported on Sunday, citing sources within the Ministry of Industries and Production.
Officials said that detailed stock figures of sugar have already been submitted to the ministry for review. Industry sources claim that exporting surplus stock could generate more than one billion dollars in foreign exchange earnings.
However, the sugar industry has warned that if exports are not allowed, mills may face financial losses due to excess stock levels.
Article preview — originally published by ARY News. Full story at the source.
Read full story on ARY News →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from ARY News alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop