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Islamabad, Pakistan – September 20, 2024
The Economic Coordination Committee (ECC) has approved the export of 40000 metric tons of sugar to Tajikistan, according to a statement released after the committee’s meeting on Friday. The meeting, chaired by Federal Finance Minister Muhammad Ishaq Dar, also approved the export of an additional 100,000 tons of sugar.
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The decision comes as Pakistan looks to capitalize on its surplus sugar production, with the country’s domestic needs expected to be met until January next year. The export of sugar to Tajikistan is seen as a significant opportunity for Pakistan to strengthen its trade ties with the Central Asian nation.
In addition to the sugar export approval, the ECC also greenlit a technical supplementary grant of Rs. 456 million for the establishment of eight women’s centers in tribal areas. The centers aim to promote women’s empowerment and development in the region.
This development is part of Pakistan’s broader efforts to enhance its trade and economic cooperation with Tajikistan, which has been strengthened in recent years through various agreements and collaborations. China has also been investing heavily in Tajikistan, providing grants and loans to support infrastructure development and economic growth.
Key Takeaways:
– Pakistan to export 40,000 metric tons of sugar to Tajikistan
– Additional 100,000 tons of sugar approved for export
– Domestic sugar needs expected to be met until January next year
– ECC approves technical supplementary grant for women’s centers in tribal areas