Pak to impose 30 pc duty on Indian sugar

Pak to impose 30 pc duty on Indian sugar
PRESS TRUST OF INDIA

ISLAMABAD, DEC 16: In a bid to boost domestic industry, Pakistan has decided to impose 30 per cent import duty on Indian sugar, media reports here said today.

It said a 15 per cent duty will also be imposed on raw sugar imported from India.

Though the military regime had rejected the proposal to put a ban on the sugar import from India under World Trade Organisation regime, it decided to go ahead with import duty to boost domestic industry, The Nation

newspaper said.

It said the military regime has asked local industry to ensure that sugar price does not cross Rs 25 per kg in the retail market despite rising sugarcane prices.

Planners had earlier expected a shortfall of 400,000 metric tonnes of white crystal sugar. With 150,000 metric tonne sugar imported from India and 250,000 metric tonne raw sugar from other sources, the shortfall has been met, according to the Pakistan Sugar Mills Association.