Adviser to Prime Minister on Commerce, Textile, Trade and Manufacturing Abdul Razak Dawood on Thursday mentioned Pakistan won’t export sugar henceforth, ARY Information reported.
Dawood mentioned that sugar will now solely be exported underneath particular circumstances and never as a daily merchandise on the export agenda.
Learn Extra: Europe, China exploring funding choices in Pakistan: Omar Ayub
Addressing a gathering on sustainable improvement, the adviser additionally mentioned that the federal government was working diligently to offer cheaper commodities and gadgets of on a regular basis use to the patron.
Razzak Dawood additionally mentioned that sugar will solely be exported after a totally checking the quantity of it produced within the 12 months, if the manufacturing is in entry of the demand, solely then wouldn’t it be exported.
Learn Extra: Second section of Pakistan-China FTA comes into impact
Dawood additionally hailed the Pak-China Free Commerce Settlement underneath which Pakistani merchants will get the chance to export 313 new merchandise to the Chinese language markets.
The 2 international locations have accomplished all of the authorized procedures and formalities to begin implementation of the settlement.
Learn Extra: SBP reserves bounce from $431mn to $9.11 billion
Pakistan and China signed a protocol for implementation of the settlement over the past go to of Prime Minister Imran Khan to China.
Pakistan is already having fun with zero responsibility on export of 724 merchandise to China underneath the primary Free Commerce Settlement signed between the 2 international locations in 2006.