AGL 36.51 Decreased By ▼ -1.49 (-3.92%)
AIRLINK 216.01 Increased By ▲ 2.10 (0.98%)
BOP 9.46 Increased By ▲ 0.04 (0.42%)
CNERGY 6.59 Increased By ▲ 0.30 (4.77%)
DCL 8.50 Decreased By ▼ -0.27 (-3.08%)
DFML 40.90 Decreased By ▼ -1.31 (-3.1%)
DGKC 99.48 Increased By ▲ 5.36 (5.69%)
FCCL 36.48 Increased By ▲ 1.29 (3.67%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.17 Increased By ▲ 0.78 (4.76%)
HUBC 126.25 Decreased By ▼ -0.65 (-0.51%)
HUMNL 13.35 Decreased By ▼ -0.02 (-0.15%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 6.71 Decreased By ▼ -0.23 (-3.31%)
MLCF 44.24 Increased By ▲ 1.26 (2.93%)
NBP 60.50 Increased By ▲ 1.65 (2.8%)
OGDC 222.49 Increased By ▲ 3.07 (1.4%)
PAEL 40.60 Increased By ▲ 1.44 (3.68%)
PIBTL 8.16 Decreased By ▼ -0.02 (-0.24%)
PPL 191.99 Increased By ▲ 0.33 (0.17%)
PRL 38.60 Increased By ▲ 0.68 (1.79%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 103.50 Decreased By ▼ -0.50 (-0.48%)
TELE 8.62 Increased By ▲ 0.23 (2.74%)
TOMCL 34.86 Increased By ▲ 0.11 (0.32%)
TPLP 13.60 Increased By ▲ 0.72 (5.59%)
TREET 24.99 Decreased By ▼ -0.35 (-1.38%)
TRG 71.99 Increased By ▲ 1.54 (2.19%)
UNITY 33.33 Decreased By ▼ -0.06 (-0.18%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

LAHORE: The Cane Commissioner Punjab has warned the sugar mills in province to refrain practice of maintaining sketchy details of buyers of their produce as it is facilitating hoarding of the commodity and profiteering by some unscrupulous elements.

According to an order issued to the mills on Tuesday, the Cane Commissioner said that it has come to his notice that some occupiers of sugar factories do not maintain and provide proper details of the buyers of sugar and the quantity of sugar soled to them. "In most of the cases, only the first name of the buyer without the name of the father, complete address and other contact details is recorded and provided. With the given details, the buyers cannot be traced. This practice is facilitating hoarding of sugar and resultant profiteering by some unscrupulous elements," the order said.

Cane Commissioner Punjab Muhammad Zaman Wattoo talking to the Business Recorder claimed that the sugar mills are not maintaining correct and complete details of sugar sold. This was facilitating hoarding of sugar. In order to take punitive action against the mills involved in selling sugar without proper record, the order has been issued under Rule 16 (10) of the Punjab Sugar Factories Control Rules 1950.

The Order said that the occupiers of all sugar mills situated in Punjab shall provide complete details of the buyers of sugar and quantity sold to them on the return/form given with this order to the office of the Cane Commissioner as well as the Deputy Commissioner/ Additional Cane Commissioner of concerned district on daily basis. The same order directed the Deputy Commissioners/ Additional Commissioners to initiate legal proceedings in case of violation of this order or provision of incorrect information.

Copyright Business Recorder, 2020

Comments

Comments are closed.