Sugar mill owners in Pakistan have requested permission to export around 1 million tonnes of sugar, citing surplus stock levels.
According to Beyond Time News, the Ministry of Industries and Production is currently reviewing stock data submitted by the industry before taking a decision.
Industry Cites Surplus Stock
Millers say exports could generate over $1 billion in foreign exchange and help reduce excess inventory.
They have warned that keeping exports restricted may lead to financial pressure for the sector.
Government Sets Conditions
According to Beyond Time News, authorities have stated that export approval will depend on assurances that domestic sugar prices will remain stable.
Officials noted that previous export permissions were followed by increases in local prices.
Pakistan Restores 18% GST on Imported Sugar as Tax Concession Ends
Recent Tax Adjustment
The government has also restored an 18% sales tax on imported sugar after a temporary reduction earlier aimed at improving supply through controlled imports.
According to Beyond Time News, the earlier tax relief applied only to imports managed through the Trading Corporation of Pakistan (TCP).
