ISLAMABAD: On the demand of the sugar industry, the Economic Coordination Committee (ECC) of the Cabinet on Friday allowed the export of another 500,000 tonnes of sugar with the condition to start sugarcane crushing by Nov 21 and approved a compensation package for the families of the deceased Chinese workers of the Port Qasim Power Project last week.
The meeting of the ECC presided over by Finance Minister Muhammad Aurangzeb discussed a summary submitted by the Ministry of Industries and Production seeking permission for a further export of 500,000 tonnes of sugar given the availability of sufficient surplus stocks even after catering for the proposed and ongoing exports, the requirement for remaining two months of the ongoing crushing year, as well as maintenance of strategic reserves.
The meeting was told that as per data provided by the provinces and........