Discussions regarding the export of sugar continue to be inconclusive.
PSMA is unmovable despite the government’s efforts to impose a conditional export ban on sugar.
ISLAMABAD: The issue of releasing restrictions on sugar exports remained in a stalemate on Wednesday, as the third round of negotiations between the government and the Pakistan Sugar Mills Association (PSMA) failed to produce any fruitful results, according to sources with knowledge of the negotiations from the Food Security Ministry.
They reported that the government was emphatic that there could be no sugar exports without first receiving certification from the Federal Board of Revenue (FBR) that there was a surplus stock of one million tonnes at the mills. On Monday, the minister gave instructions to the FBR to present the Economic Coordination Committee (ECC) with specific information regarding sugar stocks.
Sugar exports are not going to be allowed under any circumstances, according to Food Security Minister Tariq Bashir Cheema. Cheema had stated that the shipment could not be permitted without validating the presence of surplus stock, and he had added that if there was not a surplus, sugar exports may potentially lead to a shortage in Pakistan.
