Dar to meet owners of sugar mills

ISLAMABAD: Finance Minister Ishaq Dar will hold a meeting with sugar mill owners today (Monday) to mull over the issue of sugar export and its availability in the country.

Sources said the finance minister has scheduled a meeting with sugar barons to deliberate on the suggestions regarding the export of the commodity and its available stock in the country.

Dar will listen to the demands of the sugar tycoons. Sources revealed that the government was pondering over the export of extra sugar but no decision in this regard was made so far.

They said the government would accept reasonable demands of the sugar mills’ bosses. Sources further said that the sugar mills association would raise the matter of exporting 1 million tons of extra sugar.

The association says that 2 million tons of extra sugar are available in the country.

The body has linked the sugarcane crushing with the export permission. If the government does not allow export, sugar mills will not be in a position to run, the association warned.

It said that the sugar industry has a stock of the commodity till Jan 15, 2023. —NNI