ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin on Friday said that sugar production was likely to increase by 2 million tons this year from the output of 7.5 million tons recorded last year.

In a tweet, the federal minister said, as a result, Pakistan was back to a sugar surplus country from a deficit.

He said the ex-mill sugar prices are now around Rs 81 per kilogram, substantially lower from last year.

Read more: Balochistan to benefit from Reko Diq project for next 100 years, says Finance Minister Tarin

“The sugar production likely to increase by 2 million tones from last year to 7.5 million tones. As a result, Pakistan is back to a sugar surplus country from the deficit. Ex-mill sugar prices are now around Rs 81/kg substantially lower from last year,” he tweeted.

https://twitter.com/shaukat_tarin/status/1507261909283835905?s=20&t=2397EOzpkd-scxeeO75PTw