AGL 37.50 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 222.89 Increased By ▲ 0.46 (0.21%)
BOP 10.82 Decreased By ▼ -0.14 (-1.28%)
CNERGY 7.56 Decreased By ▼ -0.10 (-1.31%)
DCL 9.42 Decreased By ▼ -0.21 (-2.18%)
DFML 40.96 Decreased By ▼ -0.74 (-1.77%)
DGKC 106.76 Decreased By ▼ -3.99 (-3.6%)
FCCL 37.07 Decreased By ▼ -0.99 (-2.6%)
FFL 19.24 Increased By ▲ 0.95 (5.19%)
HASCOL 13.18 Decreased By ▼ -0.19 (-1.42%)
HUBC 132.64 Decreased By ▼ -2.32 (-1.72%)
HUMNL 14.73 Decreased By ▼ -0.86 (-5.52%)
KEL 5.40 Decreased By ▼ -0.16 (-2.88%)
KOSM 7.48 Increased By ▲ 0.07 (0.94%)
MLCF 48.18 Decreased By ▼ -2.15 (-4.27%)
NBP 66.29 Decreased By ▼ -0.18 (-0.27%)
OGDC 223.26 Decreased By ▼ -5.35 (-2.34%)
PAEL 43.50 Increased By ▲ 0.13 (0.3%)
PIBTL 9.07 Decreased By ▼ -0.23 (-2.47%)
PPL 198.24 Decreased By ▼ -4.89 (-2.41%)
PRL 42.24 Decreased By ▼ -0.62 (-1.45%)
PTC 27.39 Increased By ▲ 0.06 (0.22%)
SEARL 110.08 Increased By ▲ 3.06 (2.86%)
TELE 10.52 Increased By ▲ 0.74 (7.57%)
TOMCL 36.62 Decreased By ▼ -0.01 (-0.03%)
TPLP 14.95 Decreased By ▼ -0.28 (-1.84%)
TREET 26.53 Decreased By ▼ -0.26 (-0.97%)
TRG 68.85 Decreased By ▼ -1.30 (-1.85%)
UNITY 34.19 No Change ▼ 0.00 (0%)
WTL 1.79 Increased By ▲ 0.03 (1.7%)
BR100 12,363 Decreased By -32.9 (-0.27%)
BR30 38,218 Decreased By -629.2 (-1.62%)
KSE100 117,120 Increased By 111.6 (0.1%)
KSE30 36,937 Increased By 72.2 (0.2%)

LAHORE: The Punjab government on Friday initiated stern action against the sugar mills for committing violations of law and registered cases against the owners and management of three mills including Chinar Sugar Mills Faisalabad, Shakar Ganj Sugar Mills Jhang and Pasrur Sugar Mills Gujranwala.

Chinar Sugar Mills owner Javed Kayani, Shakar Ganj Sugar Mills owner Pervez Ahmed, General Manager (Cane) Manzoor Hussain Malik and General Manager (Admin Hussain Malik) have been arrested while police are conducting raids to nab the owners of Pasrur Sugar Mills.

According to handout issued on Friday, Chief Secretary Punjab Kamran Ali Afzal said that violators of the law would be dealt with iron hands. He said that strict action would be taken in case of sale of sugar at more than the fixed price and nobody would be allowed to sell the sweetener higher than the ex-mill rate of Rs 84.75 and retail price of Rs 89.75 per kilogram.

Largest penalty ever of Rs44bn imposed on sugar mills, PSMA

However, Cane Commissioner Punjab Muhammad Zaman Wattoo while talking to Business Recorder said that action has been taken against these mills on the charges of non-payment of dues to the growers within 15 days as per law.

Meanwhile, Pakistan Sugar Mills Association (PSMA) Central Chairman Chaudhry Zaka Ashraf and others during a press conference strongly condemned the government action against these mills. They said that millers had invested billions of rupees to set up these industries which are providing livelihood to thousands of people directly and indirectly.

Copyright Business Recorder, 2021

Comments

Comments are closed.