ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has allowed import of up to 300,000 metric tons of white sugar to maintain buffer stocks in the country.

The ECC met in Islamabad today (Tuesday) with Adviser on Finance Dr. Abdul Hafeez Shaikh in the chair.

The procurement and other modalities of sugar import will be decided by a three-member committee comprising Secretary Industries and Production, Secretary Commerce and Secretary Finance.

The ECC also approved revision of prices of petroleum products on fortnightly basis instead of the existing monthly basis.