AIRLINK 172.75 Decreased By ▼ -2.98 (-1.7%)
BOP 13.24 Increased By ▲ 0.12 (0.91%)
CNERGY 7.41 Decreased By ▼ -0.13 (-1.72%)
FCCL 43.55 Decreased By ▼ -0.36 (-0.82%)
FFL 14.90 Decreased By ▼ -0.11 (-0.73%)
FLYNG 26.45 Decreased By ▼ -0.45 (-1.67%)
HUBC 129.58 Decreased By ▼ -0.65 (-0.5%)
HUMNL 13.35 Increased By ▲ 0.01 (0.07%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.04 Decreased By ▼ -0.02 (-0.33%)
MLCF 55.73 Decreased By ▼ -0.30 (-0.54%)
OGDC 212.50 Decreased By ▼ -2.27 (-1.06%)
PACE 5.91 Decreased By ▼ -0.07 (-1.17%)
PAEL 41.14 Increased By ▲ 0.24 (0.59%)
PIAHCLA 16.36 Increased By ▲ 0.04 (0.25%)
PIBTL 9.61 Decreased By ▼ -0.14 (-1.44%)
POWER 11.57 Decreased By ▼ -0.19 (-1.62%)
PPL 178.85 Decreased By ▼ -2.63 (-1.45%)
PRL 33.60 Decreased By ▼ -0.62 (-1.81%)
PTC 22.82 Decreased By ▼ -0.24 (-1.04%)
SEARL 94.30 Decreased By ▼ -1.42 (-1.48%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 35.10 Decreased By ▼ -0.35 (-0.99%)
SYM 15.75 No Change ▼ 0.00 (0%)
TELE 7.82 Decreased By ▼ -0.05 (-0.64%)
TPLP 10.81 Decreased By ▼ -0.17 (-1.55%)
TRG 60.90 Increased By ▲ 0.40 (0.66%)
WAVESAPP 10.76 Decreased By ▼ -0.05 (-0.46%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,027 Decreased By -26.7 (-0.22%)
BR30 36,333 Decreased By -134 (-0.37%)
KSE100 113,785 Decreased By -571.6 (-0.5%)
KSE30 35,088 Decreased By -258.9 (-0.73%)

Sugar millers while expressing their concern over the government's decision to release 200,000 tons of sugar in the market on October 15, have apprehended that the decision may cause delay in start of crushing season, scheduled to start by November 1.
In a press statement here on Wednesday, Ch. Muhammad Zaka Ashraf, former chairman Pakistan Sugar Mills Association (PSMA) has said that sugar industrialists were shocked over the Economic Co-ordination Committee's decision of releasing 200,000 tons of sugar in the market.
He stated that the government had committed in its meeting with the representatives of sugar industry that it would release only 100,000 tons of sugar ahead of holy month of Ramazan. He expressed the fear that the decision may result into a big crash in the market and sugar industry may go back to square one.

Copyright Business Recorder, 2004

Comments

Comments are closed.