Cement units seek 50pc subsidy on freight

KARACHI: Cement manufacturers have sought 50 per cent subsidy on the inland freight cost to boost cement export to more than $1 billion, industry sources said here on Wednesday. 
 
All Pakistan Cement Manufacturers Association (APCMA) in a letter to the government said that the payment of $36 million as freight equalisation subsidy to the cement factories will get an additional export earning of $359 million.

Govt to import 1mn tonnes of sugar next year

KARACHI: Federal Industries and Production Minister Mian Manzoor Ahmad Wattoo said Monday that the government had developed a long term policy to deal with sugar crisis and one million metric tonnes of sugar would be imported next year.

‘One million metric tonnes of sugar will be imported next year to meet shortage of this essential commodity,’ he said while responding to a question at the 5th consumers’ choice award ceremony organised by the Consumers Association of Pakistan (CAP) at a local hotel.