ANNOUNCEMENT 01 Dec 2017

Pakistan's Sindh province has approved a subsidy for incentivizing exports of surplus sugar.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

News reports
Sindh approves Rs9.3 per kg additional subsidy on sugar export
https://www.brecorder.com/2017/12/05/384732/sindh-approves-rs9-3-per-kg-additional-subsidy-on-sugar-export/

Sindh millers to get Rs30 billion as subsidy on sugar export sanctioned
https://tribune.com.pk/story/1578872/2-sindh-millers-get-rs30-billion-subsidy-sugar-export-sanctioned/

Cabinet approves subsidy on export of surplus sugar
https://www.dawn.com/news/1374545

Inception date: 01 Dec 2017 | Removal date: open ended

Export subsidy

According to several news reports, the Cabinet of the Sindh government has announced an export subsidy of Rs. 9.3 per kg. (USD 0.088 per kg) of surplus sugar exported. This subsidy is in addition to the central subsidy of Rs. 10.70 per kg. announced by the Federal government's Economic Coordination Committee. 

According to the reports, the Minister of Home & Agriculture has reported that there is 500,000 tons of surplus sugar available with the millers.

* PKR to USD conversion as on 1 December 2017 - 1 USD = 105.31 PKR

 

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