Pakistan, Aug. 16 -- The government has decided to import 85,000 metric tons of sugar to meet the demand for sugar in the country and stabilize Sugar prices in the local market.

In order to meet the demand for sugar in the country and stabilize prices, Letters of Credit (LCs) have been established through SOCAR for the import of 85,000 metric tons of sugar, said a release issued by the Federal Ministry of Food Security here on Friday.

All these LCs have been formally opened and disbursed through the relevant banks and this consignment of sugar will be delivered to Pakistan in phases under the trade agreement signed with SOCAR.

The first consignment is expected to reach the port in the next few weeks and the government has taken this st...