ANNOUNCEMENT 01 Dec 2017
Pakistan's Sindh province has approved a subsidy for incentivizing exports of surplus sugar.
NUMBER OF INTERVENTIONS
Sindh approves Rs9.3 per kg additional subsidy on sugar export
Sindh millers to get Rs30 billion as subsidy on sugar export sanctioned
Cabinet approves subsidy on export of surplus sugar
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