Magazine article Economic Review

Sugar Manufacturers Urge Government to Check Imports

Magazine article Economic Review

Sugar Manufacturers Urge Government to Check Imports

Article excerpt

Sugar Manufacturers Urge Government to Check Imports

Pakistan sugar manufacturers urged the government to check sugar imports, especially during the operational period of the domestic industry, for saving them from irreparable losses.

They said presently sugar imports are exempt from customs duty, after the withdrawal of 10 per cent import duty from September 24, last. This removal of customs duty was mainly instrumental in sizeable booking and they feared more imports soon, they added. The sources said due to huge imports of sugar at 433,320 tonnes spending scarce foreign exchange of US dollars 160 million during 1990-91 when domestic sugar production at 1,932,150 metric tons set a new record, the sugar market was in sluggish conditions, owing to high inventory held with the industry and importers.

Buyers market conditions prevailing, if not checked, would bring despair and disaster for the sugar industry, they added. Sugar industry, according to the industry sources, was in doldrums due to no tariff protection being provided to it. In fact the present policy of the government, rendering sugar imports free of duty, while charging excessive central excise duty at Rs. 2.15 per Kg. of domestic production, meant subsidising imports, providing protection to local import trade and foreign growers, sugar industry and trade.

It was a typical case of tariff protection in reverse order, a sugar industrialist observed. The sugar industry has been agitating against this discrimination, and has presented its case study to the relevant ministries and work sheets to the tariff commission to seek redress and remedy but has been so far of no avail, they claimed. …

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