Default on dues, unlawful price hike: Punjab govt cracks down on five sugar mills thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
LAHORE: The Punjab government has notified the Sugar Factories Act 2021 after passing it from the Punjab Assembly which turned into the favour of sugar millers rather than sugarcane.
LAHORE: The Punjab government has notified the Sugar Factories Act 2021 after passing it from the Punjab Assembly which turned into the favour of sugar millers rather than sugarcane.
Peshawar
April 5, 2021
LAHORE: The Punjab Food Department has vowed to implement Rs80 per kg ex-mill sugar price notified by the provincial government under the provision of law.
Muhammad Zaman Wattoo, Cane Commissioner Punjab, said on Sunday that the provincial government had every right to implement the newly set sugar rate through the law. He observed that it would a total injustice if sugar mills did not supply sugar at the officially-fixed price.
Is the retail price of sugar at Rs85 per kg less as being termed by the sugar mills owners, he questioned.
Throwing light on various factors involving the pricing of sugar, Wattoo said the formula for determining the production cost of sugar, which determines the ex-mill and market price, was a bit complicated. Taking advantage of it and using vague stats, propaganda is being spread that the retail price of sugar at Rs85 per kg is very low and the sugar mills will suffer losses, said Zaman Watto.
Lahore
April 5, 2021
LAHORE:The Punjab Food Department has vowed to implement Rs80 per kg ex-mill sugar price notified by the provincial government under the provision of law.
Muhammad Zaman Wattoo, Cane Commissioner Punjab, said on Sunday that the provincial government had every right to implement the newly set sugar rate through the law. He observed that it would a total injustice if sugar mills did not supply sugar at the officially-fixed price.
Is the retail price of sugar at Rs85 per kg less as being termed by the sugar mills owners, he questioned. Throwing light on various factors involving the pricing of sugar, Wattoo said the formula for determining the production cost of sugar, which determines the ex-mill and market price, was a bit complicated. Taking advantage of it and using vague stats, propaganda is being spread that the retail price of sugar at Rs85 per kg is very low and the sugar mills will suffer losses, said Zaman Watto. To make it easier to understand the cu