ISLAMABAD - The Economic Coordination Committee (ECC) Tuesday directed Trading Corporation of Pakistan (TCP) to import 0.2 million tonnes of refined sugar and ensure sugar price at Rs 38 per kilogram at public sector outlets. The Committee met under the chairmanship of PM's Adviser on Finance and Economic Affairs Shaukat Tarin here at the Prime Minister Secretariat. The Committee considered Ministry of Industry and Production's summary reviewing sugar industry prices, availability of stock and probable domestic consumption. ECC also called for breaking up the import process in manageable tendering size and ensuring that overall market pricing of sugar at Utility Stores Corporation (USC) outlets was maintained at Rs 38 per kg. The ECC also decided not to impose export duty on the export of molasses, advising TCP to offload 100,000 tonnes sugar from its own stocks through USC outlets to supplement domestic market needs. While reviewing FBR's proposals for modification/revision of regulatory duties on paper, paper board, ceramics tiles, flat rolled products of iron/steel, glassware and potatoes, the ECC decided to allow exemption of duty for twelve months window period to international franchise food chains for import of ware potatoes in order to encourage Foreign Direct Investment (FDI). It also advised the concerned government organisations to take up the matter of indigenising the production of processed ware potatoes with international food chains during the said period. The ECC, however, decides, "The existing regulatory duty on all other imports of ware potatoes for sale in the market shall continue to remain leviable." The ECC deferred consideration on modification of regulatory duty on flat rolled steel products, advising FBR to review overall steel related proposals in consultation with stakeholders, complete its technical homework and resubmit the proposal. It allowed FBR to modify/revise regulatory duties on other items of input used in local industry of paperboard and ceramic tiles. The ECC considered FBR's summary for items included in the list of anomalies cases taken up by Tariff Anomaly Committee (TAC), besides other proposals for levy of regulatory duty and approved its proposals to modify/revise regulatory duties on items like viscose twisted yarn, cryogenic tanks, ceramics ware, HRC stainless steel sheets and other industry specific products. The ECC also allowed FBR's corrections in its various SROs through technical rewording/rephrasing. In the end, Governor State Bank briefed the ECC on central bank's existing fiscal policies aimed to ensure positive liquidity flow in the banking system, balanced market interest rates and improved forex reserves.