💼 Business📍 Lahore, Pakistan·1 day ago·1 min read
Permission to export sugar at a cheaper price than the expensive purchase price, causing loss of billions of rupees to the national treasury
Daily Intekhab

Pakistan's Ministry of Production has approved the export of expensive imported sugar at a lower price, a decision that is projected to cause billions of rupees in losses to the national treasury. This move comes despite an inability to decide on exporting 250,000 tons of cheaper local sugar. The decision to export only 100,000 tons of sugar is seen as disappointing, raising concerns from sugar mill owners who have warned the Ministry that it will become impossible to purchase sugarcane from farmers. This situation highlights a significant financial mismanagement and potential crisis for both the national economy and local farmers.
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