ISLAMABAD — The Ministry of Commerce and the Deputy PM office are officially reviewing a renewed proposal from the Pakistan Sugar Mills Association (PSMA) to allow the export of 1.3 million metric tons of surplus sugar. While the millers argue that international shipments are vital to clear pending dues owed to sugarcane growers and bring in $500 million in foreign exchange, authorities are cautious. The Ministry of Commerce suspects that nearly 300,000 tons of previously imported sugar have been included in the mills’ stock math. Officials are treading carefully to avoid a repeat of past supply disruptions that sent retail sugar prices soaring across domestic markets.
