Business
April 17, 2021
LAHORE: A tug-of-war between powerful sugar millers association and Punjab Food Department over the price of the sweetener continues unabatedly as no side is ready to surrender.
On Friday, Pakistan Sugar Mills Association (PSMA) Punjab showed its concern on the assertion of Cane Commissioner Punjab, a senior official of provincial Food Department regarding price of commodity.
The statement was issued on Cane Commissioner’s contradiction regarding allegation by the sugar body that ex-mill price of Rs80/kg was very low and the sugar mills were facing losses. He made it clear the sugar mills themselves filed average sale price of Rs67/kg with the tax authorities.
Punjab lifts 4,000 tons sugar; millers agree to Rs80/kg price
Business
April 10, 2021
LAHORE: Punjab government reiterated its resolve of selling sugar to registered dealers at the set rate of Rs80/kg as per the law and managed to lift 4,000 tons till Friday afternoon despite the reluctance of millers.
Cane Commissioner Punjab Muhammad Zaman Wattoo told The News that no mill would be allowed to create bottlenecks in sugar supply to the market on flimsy grounds.
“There is no such condition of NTN and sales tax registration for dealers,” he said.
The commissioner further said that they managed to lift 4,000 tons of sugar till Friday afternoon despite the reluctance of millers.
Daily Times NAB summons Nawaz Sharif s aide, others in sugar scandal probe 36 bank accounts belonging to Jahangir Tareen, family frozen
April 10, 2021
The Federal Investigation Agency (FIA) on Friday issued a notice to PTI MNA Nasrullah Khan Dreshak’s Indus Sugar Mills as the agency takes forward its investigation into last year’s sugar scandal, a private TV channel reported.
The sugar mills’ administration has been summoned on April 15, with the FIA demanding it present records from 2020-21 during the appearance. Apart from this, the FIA has asked the Indus Sugar Mills to also present records submitted to the Federal Board of Revenue (FBR). The FIA also sought records of sugar sold and booked through “satta” (price-fixing through collusion) along with details of brokers and dealers, the TV channel reported. In a related development, the National Accountability Bureau (NAB) has summoned former prime minister Nawaz Sharif’s close aide Javed Kiyani for the sugar cr
By News Desk
LAHORE: After the FIA grilled Jahangir Khan Tareen and his son Ali Tareen in an alleged corporate fraud and Rs3.6 billion money-laundering probe, he arranged a dinner for the PTI parliamentarians on Friday, which was attended by more than 30 members of National and Punjab assemblies here.
Analysts believe it was, in fact, a show of power by Jahangir Tareen for the government as well as the opposition circles. Those attending the event openly expressed complete support to him and decided to stage power show in his favour on his appearance before a court of law on Saturday (today).
April 10, 2021
LAHORE: After the FIA grilled Jahangir Khan Tareen and his son Ali Tareen in an alleged corporate fraud and Rs3.6 billion money-laundering probe, he arranged a dinner for the PTI parliamentarians on Friday, which was attended by more than 30 members of National and Punjab assemblies here.
Analysts believe it was, in fact, a show of power by Jahangir Tareen for the government as well as the opposition circles. Those attending the event openly expressed complete support to him and decided to stage power show in his favour on his appearance before a court of law on Saturday (today).
The elected representatives demanded immediate withdrawal of cases against Jahangir Tareen and called for putting an end to his trial, initiated by the PTI government. The members also signed a document vowing allegiance to Tareen in future. Sources said that MNAs from Punjab, who attended the dinner, included Raja Riaz, Ghulam Bibi Bharwana, Sami Gilani, Khwaja Shiraz, Makhdum Mobeen and