Sugar exports boost Pakistan forex reserves to $120 mn
Sugar Exports Brings Joy to Pakistani Economy
ISLAMABAD: Pakistan earned around $120 million so far from the export of surplus sugar, according to the briefing presented to the cabinet committee on monitoring sugar exports recently.
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Cabinet Committee on Monitoring Sugar Exports
The first meeting of the committee was convened by Deputy Prime Minister and Foreign Minister Ishaq Dar, who expressed his satisfaction with the current levels of sugar stock and stable local market prices.
Foreign Ministry`s Statement: Sugar exports boost Pakistan forex reserves to $120 mn
The statement of the Ministry of Foreign Affairs has underlined that the sugar exports have provided a notable boost to the country’s foreign exchange reserves.
The committee deliberated upon means and measures to ensure adequate sugar supplies, to meet domestic demand and further augment exports. Toward this end, Dar proposed that the production season start by November 21 to replenish stocks at a time when demand shifted.
Sugar exports boost Pakistan forex reserves to $120 mn
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