ECC allows sugar, cotton import from India
ECC has allowed import of 500,000 tonnes of sugar
ISLAMABAD (Dunya News) - Economic Coordination Committee (ECC) on Wednesday allowed private sector to import sugar as well as cotton from neighboring India.
ECC meeting was held under the chairmanship of newly appointed Federal Minister for Finance Hammad Azhar to discuss a 21-point agenda.
Textile Division summary sought permission from the ECC to lift ban on import of cotton and cotton yarn from India in a bid to bridge raw material shortfall for the value-added textile sector.
Another summary of the commerce ministry also sought permission to allow import of white sugar from India through commercial importers.
The meeting, while granting permission, allowed import of upto 500,000 metric tonnes of sugar while cotton can be imported only till June 30, 2021.