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Price of sugar going up in Karachi

KARACHI: The price of sugar is again going up in Karachi after witnessing a reduction.  According to President Karachi Grocers’ Association, Abdul Rauf, the ex-mills price of sugar is to Rs105 per kilogramme after an increase of Rs1 on Thursday.

ECC increases prices of flour, ghee and sugar at utilities stores

ISLAMABAD: The Economic Coordination Committee (ECC) has approved increasing the prices of three essential commodities including flour, sugar and ghee to rationalise the provision of subsidies by the Utility Stores Corporation. The ECC approved the revision in prices of three

Australian scientists develop pain-free blood sugar test for diabetics

SYDNEY: Australian scientists say they have developed the “holy grail” of blood sugar testing for diabetics, a non-invasive strip that checks glucose levels via saliva. For diabetics, managing their blood sugar levels typically means pricking their fingers multiple times a

ECC approves import of 100,000 metric tons sugar

ISLAMABAD: The Economic Coordination Committee of the federal cabinet has approved the import of 100,000 metric tons of sugar. A meeting of the committee chaired by Finance Minister Shaukat Tarin approved a summary by Industries and Production Division for approval

Federal cabinet rejects importing sugar, cotton from India

ISLAMABAD: The Federal Cabinet today (Thursday) turned down deferred the Economic Coordination Committee’s (ECC) decision to import sugar and cotton from India through land and sea routes. The decision has been deferred until India reinstates Article 370 of its Constitution,

Govt to import sugar, cotton from India: Hammad Azhar

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has allowed the private sector to import 0.5 million tonnes of white sugar from India, said Finance Minister Hammad Azhar. Addressing a press conference in Islamabad, the finance minister added

Sugar mafia crackdown: FIA arrests three brokers in Karachi

KARACHI: The Federal Investigation Agency (FIA) launched a crackdown against sugar mafia and arrested three brokers in in Karachi allegedly involved in speculative pricing. FIA Corporate Circle conducted a raid and arrested three brokers named Dayaldas, Santosh Kumar and Raj

FIA forms 20 teams to crackdown against sugar mafia

ISLAMABAD: The Federal Investigation Agency (FIA) has formed 20 teams to launch a massive crackdown against the sugar mafia for ‘speculative pricing’ and hiking the price of the commodity.  The FIA has detected Rs110 billion earning by the sugar mafia

Cartels in industry

Pakistan has been facing an adverse economic and financial situation and is struggling to increase exports and production. But uncompetitive business practices by top organizations are one of the obstacles in economic growth and development. Recently, the Competition Commission of

PM congratulates team for reduction in sugar prices

ISLAMABAD: Prime Minister Imran Khan has appreciated the reduction in sugar prices and congratulated his team for bringing down the prices. “Sugar is selling at a national average of Rs 81 per kg vs Rs102 per kg a month back,”

Sugar price reduced Rs31 per kg in a month: Asad Umar

ISLAMABAD: Minister for Planning, Development, and Special Initiatives Asad Umar has expressed happiness that the average price of sugar has come down by Rs 31 per kg in a month. Asad Umar took to Twitter and wrote that the beneficiaries resisted

LHC declares FIA’s sugar inquiry JIT as ‘null and void’

LAHORE: The Lahore High Court on Thursday declared the Federal Investigation Agency’s (FIA) joint investigation team (JIT) team formed to probe the multi-billion-rupee sugar scam as ‘null and void’. The ruling is a relief to sugar mills owned by the

Sale of sugar banned in Punjab for commercial use

LAHORE: A one-month ban on the sale of sugar for commercial use has been implemented in Punjab. Punjab chief secretary ordered the provincial field officers to strictly implement a ban for a month on the sale of sugar for commercial

Wholesale price of sugar in Rawalpindi rises by Rs9 per kg

RAWALPINDI: The wholesale price of sugar in Rawalpindi has gone up by Rs 9 per kg. According to sources, the price of sugar in the wholesale market of Rawalpindi reached Rs 107 per kg while the price of sugar in

Neglecting agriculture sector

The government is planning to import around 2.6 million tonnes wheat, 300,000 tonnes sugar and may even need to buy more cotton than last year’s 3.2 million bales. Wheat and cotton production fell short of the government’s target as farmers

Tackling sugar mafia

The prime minister has once again vowed that he will not spare any mafia creating an artificial shortage or price hike in the country. The situation, however, appears otherwise as the sugar barons are increasing fitting back. The government set

Sugar reportedly being sold at Rs. 90 per kg in Lahore

LAHORE: Sugar is reportedly being sold at Rs. 85 to Rs. 90 per kg in Punjab’s capital. The district administration stated that the crackdown is being carried out against profiteers on a daily basis. In the wholesale market, the price of

Tackling sugar barons

The cat is finally out of the bag. Prime Minister Imran Khan has allowed the release of an inquiry report by a commission formed to probe the sugar crisis that rocked the nation early this year, creating artificial shortages and

Govt declares sugar inquiry report public

ISLAMABAD: Prime Minister Imran Khan on Thursday approved to make public the inquiry report of the sugar crisis inquiry commission after a special meeting of the federal cabinet. The cabinet gave approval after the inquiry commission presented a forensic report

Jahangir Tareen rejects allegations in sugar inquiry report

ISLAMABAD: Pakistan Tehreek-i-Insaf leader Jahangir Khan Tareen has rejected the sugar inquiry commission’s report and said that he will prove all allegations against him are false. The PTI stalwart said that he was shocked at the kind of false allegations

PM delays action against beneficiaries of sugar crisis inquiry report

ISLAMABAD: Prime Minister Imran Khan has reportedly delayed the release and implementation of the inquiry report into the sugar and wheat crises, it has been learnt. On Aprile 4, the prime minister had directed has inquiry commission formed to probe

Finally the truth is out

I have been saying this for the past five years that Jehangir Tareen and others surrounding Imran Khan are corrupt, but some people fiercely defended them Even Imran Khan defended them on every forum, despite Supreme Court declaring Tareen as

Sugar, flour crisis report

Prime Minister Imran Khan has been receiving immense heat after the findings of a high-powered investigation formed to enquire the flour and sugar crisis incriminated several of his close aides and party leaders. The prime minister had vowed to expose

Inquiry reports on wheat, sugar crisis made public

ISLAMABAD: Prime Minister Imran Khan has ordered the release of the report formed after a high-level inquiry in the wheat flour and sugar crisis that struck the nation earlier this year in January. Federal Investigation Agency (FIA) director general Wajid

PML-N demands inquiry report on flour, sugar thefts in parliament

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Marriyum Aurangzeb demanded to present inquiry report on flour and sugar theft from the incumbent government in parliament. In a statement, Marriyum Aurangzeb said that masses should be informed about the recovered wheat and

Relief Package

Amidst the spiraling inflation, the government sprang into action to contain the rising prices approving a relief package worth ten billion rupees to provide some immediate relief. The economic challenges have increased burden on the country and the common man

Will the Relief Package have any real effect?

The inflation rate has been spiraling out of control affecting all segments of society as the prices of essential items keep on increasing. Daily wage earners, salaried workers, and businessmen are concerned about the rising prices as even basic items

ECC decides to impose immediate ban on sugar exports

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet on Monday has decided to impose an immediate ban on the export of sugar to keep prices under control. Adviser to the Prime Minister on Finance Sheikh Abdul Hafeez chaired the

PTI govt behind wheat, sugar crisis: Shehbaz Sharif

ISLAMABAD: The opposition Pakistan Muslim League-Nawaz (PML-N) called for a thorough check of the inventory and record of the mills owned by Jahangir Tareen and Khusro Bakhtiar, accusing that “powerful PTI government members are engaged in the exploitation of wheat

Malaysia to purchase more Indian sugar to solve palm oil issue

KAULA LUMPUR: The top sugar supplier of Malaysia said it would expand commodity purchases from India, which is part of efforts, to placate New Delhi despite an ongoing spat over palm oil imports. Sources claimed. MSM is the sugar refinement