AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
The Economic Coordination Committee also approved a subsidy of Rs. 13 per kg. (~USD 0.124) for the export of the announced quota of 500,000 tonnes. The subsidy is provided as support against incidental and freight and will be shared between the Federal and Provincial governments.
In the export quota of 650,000 tonnes announced in December 2014, the ECC had provided a subsidy of Rs. 10 per kg. (~USD 0.095).
*PKR to USD conversion as on 14 December 2015 - 104.75 PKR/USD.
On 19 January 2016, the ECC notified that the cash support will be provided only to sugar mills that purchase sugarcane at a minimum price of Rs. 180 per 40 kgs.
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