36 h. ago Govt slashes sugar import after IMF warning and political pressure

In a surprising policy shift, the government has reduced its planned sugar import from 300,000 metric tonnes to just 50,000 metric tonnes. This change comes amid strong opposition from domestic sugar millers and growing concerns from the International Monetary Fund (IMF) over violations tied to Pakistan’s $7 billion loan programme. The Trading Corporation of Pakistan […]

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62 h. ago Relief in danger as IMF objects to tax exemption on sugar import  

ISLAMABAD – The International Monetary Fund (IMF) has raised serious concerns over the government’s decision to grant tax exemptions on

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5 d. ago Govt’s sugar import plan expected to add $280 million to import bill

ISLAMABAD — The government’s decision to import 500,000 metric tons of sugar, divided between the Trading Corporation of Pakistan (TCP) and the private sector, is expected to increase the import bill by approximately $275–280 million. However, industry experts warn this move is unlikely to bring down soaring local sugar prices, which are expected to remain […]

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6 d. ago Pakistan tenders to buy 300,000 to 500,000 metric tons of sugar

Pakistan’s state agency, the Trading Corporation of Pakistan (TCP), has issued an international tender to purchase and import 300,000 to 500,000 metric tons of white refined sugar, European traders said on Friday. The deadline for submission of price offers is July 18. On July 8, Pakistan’s government had approved plans to import 500,000 tons of […]

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9 d. ago Govt approves sugar import of upto 500,000 tonnes to maintain ‘affordable prices’

The federal government on Tuesday approved the import of half a million tonnes of sugar in a bid to maintain affordable prices of the commodity. On Monday, Deputy Prime Minister and Foreign Minister Ishaq Dar had emphasised the need for a coordinated policy approach to ensure market stability for essential commodities and food items. He […]

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9 d. ago Pakistan to import half a million tons of sugar amid price surge

The federal cabinet has given the final approval to import 500,000 tons of sugar to stabilize the market. The government sector will manage the import process, and all preparations are complete. The Ministry of Food Security confirmed that import operations will start without delay. The ministry explained that this move aims to keep sugar prices […]

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9 d. ago Federal cabinet approves import of 500,000 tonnes of sugar to stabilise prices

ISLAMABAD: The federal cabinet has approved the import of 500,000 tonnes of sugar in a bid to stabilise rising prices

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2 w. ago Punjab opposition suffers major blow as four committee heads removed

LAHORE – In a significant political move, the Punjab government has intensified pressure on the opposition by successfully removing four opposition lawmakers from key standing committee chairmanships in the provincial assembly. The Punjab Assembly Secretariat issued formal notifications on Sunday confirming the removal of these opposition chairpersons following successful no-confidence motions. This development is part […]

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3 w. ago Govt to import 750,000 tonnes of sugar after exports trigger price hike

In a surprising U-turn, the government has decided to import 750,000 metric tonnes of sugar, just months after allowing exports of nearly the same quantity. This contradictory move has sparked public criticism as sugar prices in the local market have surged to Rs190 per kilogram. Deputy Prime Minister Ishaq Dar announced that 500,000 metric tonnes […]

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