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‘The government should free sugar imports to control prices’: Jahangir Tareen

Arhama AltafWeb Editor

11th Feb, 2020. 10:31 am
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Jahangir Tareen

Pakistan Tehreek-e-Insaf (PTI) stalwart Jahangir Tareen Khan has rejected the impression that he received benefits from rising sugar prices.

Jahangir Tareen claimed that the increase in prices is directly benefiting the farmer.

“The government should free sugar imports so that prices are controlled,” he said.

Tareen expressed hope that prices shall drastically fall in February.

In an interview, he said that important matters including inflation, sugar crisis and economic situation has been discussed.

ECC imposes ban on Sugar Export

Earlier, Economic Coordination Committee (ECC) imposed an immediate ban on export of sugar to keep prices under control.

The meeting held in Islamabad on Monday with Adviser to the Prime Minister on Finance Sheikh Abdul Hafeez in the chair.

The meeting observed that there sufficient and adequate stocks of sugar in the country.

Ministry of Industries and Production gave a briefing on the current situation of sugar supply in the country.

Adequate stocks of Sugar are available in the country but prices in both domestic and international market shows an upward trend.

ECC further directed that in case there is considerable decrease in available stock.

It would reconsider the proposal for import of sugar as well as the removal of tariff and taxes on subject import.

ECC considered and approved the Technical Supplementary Grant for release of funds amounting to Rs3300.00 million during FY 2019-20 in respect of the project tilted “Prime Minister’s special package to implement “Skill for All” strategy as catalyst for TVET sector Development in Pakistan.

It also approved the continuation of funding facility to ISGS.

The decision made that the loan agreement between ISGS and GHPL approved for a period of one year.

Any extension thereafter be subject to progress on the undertaken projects and as soon as the first project reaches closure.

ISGS needs to become financially self-sustaining and after closure of the project it will also put forward a business plan how it will return the loan.

The members of the ECC were all convinced that there are adequate stocks of sugar available in the country.

There is currently no compelling reason to import the commodity in the country.

It was briefed to the ECC that there are 1.719 million tons of sugar stocks available with the Mills.

ECC also directed Ministry to talk to the provincial governments to control price of the commodity in the country.

Imran Khan – Jahangir Tareen held meeting

Earlier, Jahangir Tareen and Prime Minister Imran Khan discussed matters pertaining to coordination with the coalition partners.

According to sources, they also discussed issues regarding agriculture, party matters and overall political situation in the country.

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