See every side of every news story
Published loading...Updated

Duties on Sugar Import Waived

PAKISTAN, JUL 8 – The federal cabinet’s 500,000-tonne sugar import aims to stabilize soaring prices after exports of 765,734 tonnes increased revenue by Rs114 billion this fiscal year.

  • On Tuesday, the federal cabinet authorized bringing in half a million tons of sugar to help control local prices amid inflation and supply challenges.
  • This decision followed a recent spike in sugar prices from Rs138 to Rs196 per kilogram and earlier exports totaling 765,734 metric tons last fiscal year.
  • The Sugar Advisory Board, led by Minister Rana Tanveer Hussain, endorsed the imports while waiving all duties and taxes to offset negative impacts from prior exports.
  • A spokesperson described this as a “calibrated intervention based on actual need,” and Dar emphasized the commitment to “price stability and safeguarding consumer interests.”
  • The import aims to ensure stable supply and affordable prices, signaling a policy shift from previous subsidies and export-led shortages, though the timing raises questions among analysts.
Insights by Ground AI
Does this summary seem wrong?

16 Articles

All
Left
1
Center
1
Right
6
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 75% of the sources lean Right
75% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Daily Pakistan Observer - broke the news in on Tuesday, July 8, 2025.
Sources are mostly out of (0)