The Economic Coordination Committee (ECC) on Wednesday has approved the import of sugar, cotton, and yarn from India.
According to the details, the Economic Coordination Committee (ECC) of the Cabinet today took up two summaries of the commerce and textile ministry to lift the ban on the import of cotton, cotton yarn, and white sugar from India.
Textile Division summary sought permission from the ECC to lift the ban on the import of cotton and cotton yarn from India in a bid to bridge raw material shortfall for the value-added textile sector.
In another summary of the commerce ministry also sought permission to allow the import of white sugar from India through the Trading Corporation of Pakistan and commercial importers.
In the meeting, it was decided to import up to 500,000 metric tons of sugar from India.
In addition to this, various supplementary grants were also approved in the ECC meeting.
Let it be known that before the ban was lifted cotton, yarn, and sugar imports were allowed from all countries except India.
Prime Minister Imran Khan, who is also Minister-in-Charge of Commerce and Textile, already approved the summaries to be placed before the ECC for approval.