Mills refuse to sell sugar at Rs70/kg
LAHORE: Sugar Mills Association has refused to sell sugar at Rs70 per kilogram. According to details, mills and Punjab government failed to reach an agreement over price of the commodity and the association has presented a counter proposal to the
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
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
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