KARACHI: Sindh government in a major decision has approved an additional subsidy of Rs 9.3 per kilogram subsidy on the export of surplus sugar.
The decision was made in a meeting of Sindh cabinet presided over by the chief minister.
The cabinet in order to resolve the matter between the growers and the millers to start crushing in the province decided to grant an additional subsidy of Rs 9.3 per kilogram for export of surplus sugar.
The meeting was attended by provincial ministers, advisors, special assistants, chief secretary and concerned secretaries.
The agriculture department presented an item in the cabinet that PASMA has requested for grant of subsidy to export sugar. Home and Agriculture Minister Sohail Siyal told the cabinet that there were 500,000 tonnes of surplus sugar available with the millers.
It was told that PASMA says that the production cost of sugar come to Rs 64.19 per kg; therefore, purchase of sugarcane at Rs 182 per kg was not feasible for them until and unless they are allowed export of surplus sugar and given subsidy on export at Rs 20 per kg because the sugar price in the international market is very low.
The cabinet after discussing the matter approved the subsidy on the export of sugar.
The cabinet discussed fixing of wheat procurement target. It also approved draft rules for water hydrants in Karachi.
Under the approved rules there would be the committee for selection of hydrant location and such other matters.
The cabinet also approved the grant of a charter to Government College University, Hyderabad.