AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 132.30 Increased By ▲ 3.33 (2.58%)
BOP 8.66 Increased By ▲ 0.81 (10.32%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.50 Increased By ▲ 0.18 (2.16%)
DFML 38.50 Decreased By ▼ -0.44 (-1.13%)
DGKC 84.30 Increased By ▲ 2.36 (2.88%)
FCCL 34.52 Increased By ▲ 1.10 (3.29%)
FFBL 76.55 Increased By ▲ 0.84 (1.11%)
FFL 12.79 Decreased By ▼ -0.03 (-0.23%)
HUBC 109.98 Decreased By ▼ -0.38 (-0.34%)
HUMNL 14.35 Increased By ▲ 0.34 (2.43%)
KEL 5.37 Increased By ▲ 0.22 (4.27%)
KOSM 7.78 Increased By ▲ 0.11 (1.43%)
MLCF 40.60 Increased By ▲ 0.80 (2.01%)
NBP 70.00 Decreased By ▼ -2.32 (-3.21%)
OGDC 190.60 Increased By ▲ 2.31 (1.23%)
PAEL 25.95 Increased By ▲ 0.32 (1.25%)
PIBTL 7.45 Increased By ▲ 0.08 (1.09%)
PPL 156.09 Increased By ▲ 3.42 (2.24%)
PRL 25.80 Increased By ▲ 0.41 (1.61%)
PTC 18.70 Increased By ▲ 1.00 (5.65%)
SEARL 82.79 Increased By ▲ 0.37 (0.45%)
TELE 7.80 Increased By ▲ 0.21 (2.77%)
TOMCL 32.83 Increased By ▲ 0.26 (0.8%)
TPLP 8.36 Decreased By ▼ -0.06 (-0.71%)
TREET 17.10 Increased By ▲ 0.32 (1.91%)
TRG 56.05 Increased By ▲ 0.01 (0.02%)
UNITY 28.83 Increased By ▲ 0.05 (0.17%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 10,707 Increased By 48.2 (0.45%)
BR30 31,703 Increased By 372 (1.19%)
KSE100 99,661 Increased By 391.4 (0.39%)
KSE30 31,066 Increased By 34.1 (0.11%)

LAHORE: The caretaker government of Punjab has filed an application before the Lahore High Court praying to withdraw a stay order granted in favour of sugar mills restraining the authorities from finalizing the price of the commodity.

The government said that sugar mills had challenged a notification, ie, the Punjab Foodstuffs (Sugar) Order 2023 issued by the food department on July 28 last empowering the cane commissioner to fix the ex-mill price of sugar after hearing the representative body of the millers.

It said a consultative process was initiated in pursuance of the notification for the determination of sugar price, which has also been assailed by the millers before the court.

The government said the court allowed the consultative process of the price determination to continue, however, suspended its final decision.

The millers/association failed to participate in the consultative process despite several notices only to delay the matter.

The government pleaded that due to the embargo on determination of final price, the sugar price is being artificially maneuvered by means of stocking, hoarding and smuggling.

It argued that if the stay order granted by the court is not vacated, the authorities concerned will suffer an irreparable loss.

The government asked the court to withdraw the stay order in the larger interest of the public.

Copyright Business Recorder, 2023

Comments

Comments are closed.