The Economic Coordination Committee (ECC) of the Cabinet has approved an international tender for the export of 108,000 metric tons of sugar currently held by the Trading Corporation of Pakistan (TCP).

The decision was made during an ECC meeting chaired by Finance Minister Muhammad Aurangzeb in Islamabad on Wednesday.

The sugar is part of the 300,000 metric tons imported by the government last year following a recommendation from the Steering Committee on Sugar, which was formed with Cabinet approval.

The Ministry of National Food Security and Research had requested permission to sell the remaining 108,000 MT through an international tender.

The approved tender will be conducted under the PPRA Rules 2004, according to the Finance Division.

The meeting was attended by Federal Minister for National Food Security and Research Rana Tanveer Hussain, Federal Minister for Investment Qaiser Ahmed Sheikh, Prime Minister’s Advisor on Industries and Production Haroon Akhtar Khan, federal secretaries and senior government officials.