As per details available with, Prime Minister Shehbaz Sharif has approved a comprehensive crackdown to curb the artificial hike in sugar prices. Key institutions, including the FIA, the Intelligence Bureau (IB), the Federal Board of Revenue (FBR), the State Bank of Pakistan, and others, have been granted full authority to act. Sources further revealed that […]
The deputy prime minister was chairing a high-level meeting to review the supply and availability of essential food commodities, especially sugar. He directed the authorities concerned to fully implement the government’s policy of supplying essential food items to the common man at affordable prices. The meeting was attended by the Minister for National Food Security, […]
According to details, Pakistan authorities are preparing for a major crackdown on tax evasion in the sugar sector to ensure price stability. Action against counterfeit track-and-trace systems in the sugar industry is on the cards. Authorities will also crack down on reusing tracking codes on sugar bags. According to sources, despite sufficient sugar stocks availability […]
In a news conference, finance minister said that for the first sugar being provided to genuine distributors, while Rs 125 million fine has been imposed over six sugar mills. Aurangzeb said that the remittances are estimated to reach this year to 36 billion US dollars. “All surveys are showing an improvement in the business confidence […]
According to sources, the new price of sugar at Utility Stores is now Rs 150 per kilogram, up from Rs 145 previously. This is the second price hike within one and a half weeks, with the cumulative increase totaling Rs 10 per kilogram. Before the hike, the price of sugar at USC stores was Rs […]
Shehbaz Sharif and Hamza Shehbaz filed pleas in the anti-corruption court via their lawyer Amjad Pervaiz. Citing no evidence of corruption against his client, Pervaiz demanded the acquittal of the father and son duo in the case. It may be noted that the Ramzan Sugar Mills case was shifted to the anti-corruption team after amendments […]
During July, over 280 metric tons of sugar costing $0.297 million were imported as compared to the imports of 574 metric tons valued at $0.539 million in the same month of the last year, according to the data of the Pakistan Bureau of Statistics. Meanwhile, the imports of edible oil including soybean and palm into […]
As per the details, the bids have been invited from the interested persons until January 30. The bids for the tender of the provision of sugar will be opened on the same day. The Utility Stores Corporation currently has sugar stock for a month, the 70,000 tonnes of sugar is being procured to ensure the […]
LAHORE: The Pakistan Sugar Mills Association (PSMA) Punjab Zone Saturday refused to provide sugar for Rs80 per kilogram for the open market. PSMA Punjab leadership including Javed Kayani, Chaudhry Waheed, Ali Saleem, and others; told a press conference in Lahore that the government should abolish the 17 percent sales tax levied on the sugar sale […]
Sugar is in short supply in most Utility Stores across Pakistan over the past two days. Consumers are forced to pay an extra Rs30-35 for it. Suppliers told utility stores operators that sugar will not be available for the next seven days. Sources also said that the Utility Stores Corporation does not have sugar stock […]
