Trading Corporation of Pakistan clarifies it has no mandate to ensure domestic sugar price stability
Pakistan’s TCP clarified it is not responsible for domestic sugar availability or price stability. The ECC approved export of TCP-imported sugar after removing a clause assigning such responsibility, while food price stabilisation remains under the Ministry of National Food Security and Research.
Islamabad: The Trading Corporation of Pakistan (TCP) has clarified that it has not been assigned responsibility for ensuring domestic sugar availability or price stability, countering an impression created by a recent media report on a decision of the Economic Coordination Committee (ECC), according to a report by Business Recorder.
In a clarification issued in response to a Business Recorder report published on September 3, 2026, TCP said the report incorrectly suggested that the ECC had directed the corporation to ensure that the disposal or export of imported sugar did not adversely affect domestic availability and prices.
According to TCP, responsibility for stabilising prices of domestic food commodities falls under the Ministry of National Food Security and Research (MNFS&R) under the Rules of Business, 1973.
TCP said that while considering a summary submitted by the MNFS&R seeking permission to export sugar imported by the corporation, the ECC had deleted a proposed clause that would have placed responsibility for domestic sugar availability and prices on TCP.
The deleted clause stated that TCP would ensure that the disposal or export of imported sugar did not adversely affect domestic sugar availability and prices.
According to the corporation, the deletion reflected the existing division of responsibilities, under which domestic food price stabilisation falls within the mandate of the MNFS&R rather than TCP.
TCP said that although the Business Recorder report mentioned the deletion of the clause, its headline created an incorrect perception that the corporation had been assigned responsibility for maintaining domestic sugar supplies and price stability.
The ECC approved the MNFS&R’s proposal for the export of sugar imported by TCP without retaining the clause assigning such responsibility to the corporation. The federal cabinet subsequently ratified the ECC’s decision.
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Source : ChiniMandi
