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Pakistan to Double Sugar Taxes, an Industrial Info Market Brief


Industry Segment: Market Brief | Word Count: 118 Words
Attachment: graph

The sugar tax in Pakistan is set to more than double to 17% from current 8%, as disclosed in the Federal Budget 2019-20 announcement to secure the International Monetary Fund bailout funds that will further increase the sugar price to 3.6 Pakistani rupees (US$0.023) per kilogram. The country's mills are expected to produce 5.2 million tons for the 2019-2020 cycle, a 5% dip from the output of 2018-2019 season.

Industrial Info is tracking 73 sugar plants with 289 functional management contacts and 65 projects worth $774.6 million for Pakistan's sugar industry. Click here for a list of plants and here for a list of projects. See graph below for investment by kickoff date.

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