Deputy Prime Minister and Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar on Wednesday directed the authorities concerned to maintain strategic sugar reserves to meet national demand, ensuring that the export of surplus stock does not exert upward pressure on retail prices.
DPM Dar directs strategic reserves, price stability as sugar export framework nears finalisation
ISLAMABAD, Nov 04 (APP):Deputy Prime Minister and Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar on Wednesday directed the authorities concerned to maintain strategic sugar reserves to meet national demand, ensuring that the export of surplus stock does not exert upward pressure on retail prices.
He was chairing a meeting of the Cabinet Committee on the Export of Surplus Sugar, the Ministry of Foreign Affairs news release said.
The deputy prime minister emphasised that while exporting surplus commodities was essential for strengthening the agricultural economy and earning valuable foreign exchange, safeguarding domestic consumers remained the government’s primary priority.
He thanked the committee members for their valuable contributions and commended their collective efforts in facilitating the smooth export of surplus sugar.
The meeting reviewed ongoing measures to streamline the export of surplus sugar and finalise the administrative, technical and procedural frameworks. Current stock levels and domestic consumption requirements were thoroughly assessed to ensure that exports would not affect domestic price stability.
The meeting was attended by the Ministers for National Food Security and Research and Economic Affairs; Minister of State for Finance; Adviser to the Prime Minister on Industries and Production; Special Assistant to the Prime Minister (SAPM) Tariq Bajwa; and the secretaries of Finance, Commerce, Law and Justice, and National Food Security and Research, along with senior officials of the ministries and departments concerned.
