India has no objection to export of cotton, sugar to Pakistan

Indian exporters of sugar, cotton and yarn are awaiting the fine print of Pakistan’s decision on Wednesday to lift a one-and-a-half-year ban on imports from India to meet its domestic demand. Pakistan’s newly-appointed Finance Minister Hammed Azhar told the media that Islamabad had decided to import cotton and sugar from India as the commodities imported from other countries were priced higher.

“The price of sugar in our neighbouring country is cheap,” he said, adding that cotton imports from India would be permitted from June this year. Pakistan media also reported that the its Economic Coordination Committee had cleared import of five lakh tonnes (lt) sugar from India till June 30 this year.