Millers reject sugar import move, notified ex-factory price

Millers reject sugar import move, notified ex-factory price


Business
April 4, 2021
LAHORE: Sugar mills rejected need of imports of sweetener with its production this year more than enough to meet domestic demand and the government’s ex-factory price without tax relief.
Addressing a press conference, representatives of Pakistan Sugar Mills Association (PSMA), Punjab said the government should waive 17 percent general sales tax on sugar if it wants to fix ex-mill rate of sweetener at Rs80 per kilogram. If the provincial government is still ben upon fixing the price, it pays salaries of mills’ staff, takes all responsibility of business including outstanding amount of farmers and other liabilities.
Waheed Chaudhry, spokesman of PSMA along with Javed Kayani, former chairman of PSMA urged the government to have a meeting with sugar manufactures to resolve issues pertaining to the commodity’s price and availability.

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