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Sugar exports boost Pakistan’s forex reserves by $120 million


Sugar exports

ISLAMABAD: Pakistan has earned nearly $120 million from the export of surplus sugar, as reported in a recent briefing to the Cabinet Committee on Monitoring Sugar Exports.

The committee, chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar, held its first meeting where he expressed satisfaction with the current sugar stock levels and stable prices in the local market.

According to Business Recorder, a statement from the Ministry of Foreign Affairs highlighted that the sugar exports have provided a notable boost to the country’s foreign exchange reserves.

During the meeting, the committee also discussed measures to ensure sufficient sugar supplies for both domestic use and export. Dar underscored the need to begin the next production season by November 21 to maintain stock levels and keep prices stable as demand shifts.

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