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Price and export of sugar reviewed2017/06/21
ISLAMABAD: The monthly meeting of the Inter-Ministerial Sugar Monitoring Committee, tasked by the ECC of the Cabinet to monitor the supply, price, and export of sugar, was held at Commerce Ministry on Tuesday with Minister for Commerce Engr. Khurram Dastgir Khan in the chair. 
The Chair noted with satisfaction that under Prime Minister Nawaz Sharif's vision, Ministry of Commerce through judicious regulation has successfully reduced sugar price in the country, which has declined for the first time in Ramazan contrary to the trend during previous years.
"In 2016, the sugar prices reached up to Rs.70 in Ramazan but in this holy month the prices are stable around Rs. 56, which is benefiting the consumers throughout the country and has helped in controlling inflation", said the Commerce Minister.
The Committee was briefed that the sugar price in the domestic market according to the Sensitive Price Index for the week ending 15th June, 2017 was 56.30 per kg which was 11.1% lower than the level of December 15, 2016 when the export of sugar was allowed by the ECC.
The Committee also observed that out of the total quantity of 0.425 million metric tonnes (MMT) allowed for export by the ECC during the current crop year, a total of 0.391 MMT sugar quota has, so far, been allocated by State Bank of Pakistan (SBP) and around 0.348 MMT has been exported.
In view of abundant surplus sugar stocks available in the country as reported by Sugar Advisory Board of Ministry of Industries, the Committee decided to recommend to the ECC an export of 0.6 MMT of sugar, in addition to the 0.425 MMT already allowed for export, subject to the condition that the price stability in the domestic market is maintained.
In case of any abnormal increase in the domestic price of sugar, the Committee would recommend to the ECC the stoppage of further exports. Once 0.45 MMT out of the allowed quantity of 0.6 MMT is exported, the Inter-Ministerial Committee will meet again to review the stock/export situation and recommend enhancement of export quantities, if deemed appropriate.
"In 2016-17, there has been a record sugar production in the history of Pakistan, as well as bumper crops of wheat, maize, and potatoes. Commerce Ministry is striving for maximum exports of sugar after fulfilling domestic needs", said the Commerce Minister. - NNI

Govt targeting judiciary to make JIT controversial2017/06/21
SUKKUR: Leader of the Opposition Khursheed Shah on Tuesday said the government is deliberately targeting the judiciary to make the role of the Joint Investigation Team probing the Sharif family in the Panamagate case as controversial.
"The government wants to incite the judiciary and the institutions," he said speaking to media after inspecting the progress of development projects in Sukkur ...

PCB complaint on airing discussion against Sarfraz2017/06/21
Monitoring Desk

ISLAMABAD: The Pakistan Cricket Board (PCB) has lodged a complaint with Pakistan Electronic Media Regulatory Authority (Pemra) against a private channel for airing an "imprudent discussion" against the national team's skipper Sarfaraz Ahmed.
The remarks in question were made by former team captain Aamir Sohail following Pakistan's defeat of Sri Lanka in the Champions Trophy.
In a press release issued on Tuesday, Pemra said it has issued a show-cause to Samaa TV to explain its position and given it till June 23 to respond.

PM Nawaz performs Umrah with family2017/06/21
JEDDAH: Prime Minister Nawaz Sharif, who is on a private visit to Saudi Arabia along with his family members, has performed Umrah.
Upon his arrival at Masjid-e-Nabvi, he was received by a number of officials of the General Presidency and Special Force for Security of the Holy Mosque ...

Sarfaraz Ahmed gestures to cricket fans2017/06/21
KARACHI: Sarfaraz Ahmed gestures to cricket fans as he celebrates winning the ICC Champions Trophy upon his arrival at his house.

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