LAHORE: The Punjab government has given relief to all the sugar mills of the province by asking them to submit surety bonds.Earlier, the LHC had given 16 petitioner sugar mills of the Punjab relief.
National
April 22, 2021
LAHORE: The Punjab government has intensified the crackdown on profiteers across the province, arresting 719 persons and lodging 1406 FIRs in the last 10 days during the holy month of Ramazan.
The price control magistrates also imposed fines of about Rs 34.5 million during the raids conducted in different cities. The report on the crackdown was presented at a meeting chaired by Provincial Minister for Industries Mian Aslam Iqbal. The Chief Secretary Punjab, Additional Chief Secretary, secretaries of Food, Agriculture and Industries department, Commissioner Lahore, Cane Commissioner Punjab and relevant officers attended the meeting while the divisional commissioners participated through video link.
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.
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