President, Asif Ali Zardari in meeting with a Delegation of Pakistan Sugar Mills Association (PSMA) held at Aiwan-e-Sadr in Islamabad on Thursday, May 03, 2012. — Photo by PPI

ISLAMABAD: The government intends to export 400,000 tons of surplus sugar and believes that the performance of the agricultural sector is improving despite natural calamities.

“The good news about surplus sugar was given to President Asif Ali Zardari during a meeting at the presidency by a delegation of the Pakistan Sugar Mills Association led by its chairman Javed A. Kayani,” president’s spokesman Farhatullah Babar said on Thursday.

The PSMA chief said sugar production stood at about 4.7 million tons. After meeting the domestic requirement of 4.2 million tons, about 400,000 tons of sugar is available for export. “Export will enable mill owners to make payments to growers in Khyber Pakhtunkhwa, Punjab and Sindh,” he said.

Sources in the agriculture sector said the country was exporting wheat and rice and sugar would be the third major commodity to be exported. They said the Punjab government was already exporting wheat and the centre was sending the surplus crop to Iran.

President Zardari expressed satisfaction over the sugar production and said: “It is a matter of great satisfaction that despite unprecedented natural calamities the country is not only in a position to meet its requirements but is also poised to export sugar.”

He said the government was committed to working in consultation with the sugar industry to solve its problems. “Only through the pro-active involvement of the business community and industrialists, the continuity of policies could be ensured,” the president was quoted as saying.

He advised the government to hold a meeting with the PSMA so that its proposal to export sugar could be sent to the Economic Coordination Committee of the cabinet for consideration.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

What now?
20 Sep, 2024

What now?

Govt's actions could turn the reserved seats verdict into a major clash between institutions. It is a risky and unfortunate escalation.
IHK election farce
20 Sep, 2024

IHK election farce

WHILE India will be keen to trumpet the holding of elections in held Kashmir as a return to ‘normalcy’, things...
Donating organs
20 Sep, 2024

Donating organs

CERTAIN philanthropic practices require a more scientific temperament than ours to flourish. Deceased organ donation...
Lingering concerns
19 Sep, 2024

Lingering concerns

Embarrassed after failing to muster numbers during the high-stakes drama that played out all weekend, the govt will need time to regroup.
Pager explosions
Updated 19 Sep, 2024

Pager explosions

This dangerous brinkmanship is likely to drag the region — and the global economy — into a vortex of violence and instability.
Losing to China
19 Sep, 2024

Losing to China

AT a time when they should have stepped up, a sense of complacency seemed to have descended on the Pakistan hockey...