ISLAMABAD  -  The government has decided to import 85,000 metric tons of sugar to meet the sugar demand 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 the country in the next few weeks. The government has taken this step to increase domestic sugar reserves and prevent any possible shortage or unusual fluctuations in prices in the future. Under the project, the imported sugar will be delivered to the public at concessional rates in the open market.