AGL 38.18 Decreased By ▼ -0.22 (-0.57%)
AIRLINK 142.98 Increased By ▲ 7.98 (5.91%)
BOP 5.07 Decreased By ▼ -0.02 (-0.39%)
CNERGY 3.77 Decreased By ▼ -0.02 (-0.53%)
DCL 7.56 Decreased By ▼ -0.03 (-0.4%)
DFML 44.48 Increased By ▲ 0.03 (0.07%)
DGKC 76.25 Decreased By ▼ -1.15 (-1.49%)
FCCL 26.95 Increased By ▲ 0.07 (0.26%)
FFBL 52.00 Decreased By ▼ -0.97 (-1.83%)
FFL 8.52 Decreased By ▼ -0.02 (-0.23%)
HUBC 125.51 Increased By ▲ 1.71 (1.38%)
HUMNL 9.99 Increased By ▲ 0.05 (0.5%)
KEL 3.74 Increased By ▲ 0.01 (0.27%)
KOSM 8.15 Increased By ▲ 0.07 (0.87%)
MLCF 34.75 Increased By ▲ 1.05 (3.12%)
NBP 58.71 Increased By ▲ 0.22 (0.38%)
OGDC 154.50 Increased By ▲ 4.55 (3.03%)
PAEL 25.15 Increased By ▲ 0.45 (1.82%)
PIBTL 5.93 Increased By ▲ 0.08 (1.37%)
PPL 118.31 Increased By ▲ 6.66 (5.97%)
PRL 24.38 Increased By ▲ 0.48 (2.01%)
PTC 12.00 Decreased By ▼ -0.10 (-0.83%)
SEARL 56.00 Decreased By ▼ -0.89 (-1.56%)
TELE 7.05 Increased By ▲ 0.05 (0.71%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 6.98 Decreased By ▼ -0.07 (-0.99%)
TREET 13.98 Decreased By ▼ -0.18 (-1.27%)
TRG 46.10 Decreased By ▼ -0.13 (-0.28%)
UNITY 26.00 Decreased By ▼ -0.08 (-0.31%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 8,822 Increased By 86.7 (0.99%)
BR30 26,723 Increased By 466.7 (1.78%)
KSE100 83,532 Increased By 810.2 (0.98%)
KSE30 26,710 Increased By 328 (1.24%)

The National Assembly Standing Committee on Industry and Production took serious notice of increase in sugar price in the open market and its non-availability in different parts of the country. The committee met with Ghous Bux Khan Mahar, MNA/Chairman in the chair here on Monday.
The Committee directed the Ministry of Industries to formulate a comprehensive policy to overcome the sugar scam. The committee also expressed its concern over the delay in crushing season by sugar mills, which has provided opportunity to the stock hoarders to make money.
The Committee asked that TCP may involve private sector for import of raw sugar to meet local requirements and also formulate a monitoring committee to keep check on the importers. However, the committee appreciated the Government on withdrawing 25 percent duty on import of raw sugar, which would surely urge the local investors to invest their money in this sector.
Earlier, Abdul Ghaffar Soomro, Secretary, Ministry of Industries and Production briefed the committee about various reasons behind the sugar crisis in the country eg 1.2 million ton short fall in the production of sugar, increase in prices in the international market and delay in crushing season. He apprised the committee that the sugar is available in USC outlets @ Rs 65 per kg on subsidised rates.
Mir Hazar Khan Bijarani, Minister for Industries and Production, the MNAs Mir Munawar Ali Talpur, Arif Aziz Shaikh, Dr Mahesh Kumar Malani, Javaid Iqbal Warraich, Dr Abdul Wahid Soomro, Sabeen Rizvi, Sahibzada Syed Murtaza Amin, Haji Muhammad Akram Ansari, Hamid Yar Hiraj, Abdul Waseem, and Senior officers from the Ministry were also present in the meeting.-PR

Copyright Business Recorder, 2010

Comments

Comments are closed.