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Pak lifts ban on import of Indian sugar

Tuesday 2 August 2005

Islamabad, Aug 2. (PTI): In a significant development expected to further strengthen Indo-Pak trade ties, Pakistan today announced lifting of ban on sugar import from India after a gap of four years.

"The Economic Coordination Committee (ECC) meeting Chaired by Prime Minister Shaukat Aziz has allowed the import of sugar from India and the Pakistan government owned State trading Cooperation will import one lakh tonnes of sugar to maintain buffer stocks and stability of prices in the market," Advisor to Aziz on Economic Affairs, Ashfaq Hassan Khan told reporters here.

Giving details of the decision, Khan said importers have been allowed to opt for any route for the import of sugar from India, meaning that the stocks could be imported from Wagah border point by road or rail or by ships through Karachi.

This was a major decision by the Pakistan government as the earlier regime’s decision permitted imports of sugar from all countries except India and Israel.

Reacting to the development, the Indian Sugar Industry officials in New Delhi described the decision as a "win-win proposition" for both sides.

When queried about the lifting of ban, Indian officials said they had not received any communication in this regard so far.

If the reports are correct, it would provide an opportunity for Indian mills who have imported raw sugar with a commitment to export, to use Islamabad as a convenient destination, they said.

See online : The Hindu

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