BeNewz Report ISLAMABAD: A parliamentary committee led by PTI’s Atif Khan has launched an investigation into alleged price manipulation by the sugar industry, which reportedly netted millers an extraordinary Rs 300 billion in profits within just three weeks. The committee is seeking details from the Securities and Exchange Commission of …
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BeNewz Report ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb was given a comprehensive briefing by the Competition Commission of Pakistan (CCP) on the challenges of promoting competition in the sugar sector and the causes of the recent sugar crisis. The meeting highlighted that inaccurate estimates provided by the Sugar Advisory …
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Aftab Maken ISLAMABAD: The protracted legal battle surrounding alleged cartelization within the Pakistani sugar industry has taken another turn, with the Competition Commission of Pakistan (CCP) announcing a rescheduling of the rehearing in the case against the Pakistan Sugar Mills Association–PSMA and its numerous member mills. The decision comes in …
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Aftab Maken ISLAMABAD: The Federal Government has ordered the import of 200,000 tons of sugar in a bid to stabilize prices and provide relief to the public, according to a spokesperson for the Ministry of National Food Security. The spokesperson further stated that the sugar import process has entered its …
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Aftab Maken ISLAMABAD: Federal Minister for Food Security & Research, Rana Tanveer, has said that sugar is available in abundant quantity and its price is within the reach of the common man, having no significant impact on household budgets. Addressing a press conference in Islamabad, he said that media is …
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Aftab Maken ISLAMABAD: The government has decided to crackdown against the sugar millers and order strict monitoring of sugar mills stocks. Federal Minister Rana Tanveer Hussain chairs high-level meeting with sugar sector stakeholders and orders strict monitoring of mill stocks Federal Minister for National Food Security and Research, Rana Tanveer …
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Mahtab Bashir A Page of my DiaryWhat was once a cruel joke aimed at mocking the people of Lahore has now morphed into a grim reality across multiple cities in Pakistan – the sale and consumption of dog and donkey meat. No longer just a punchline, this disturbing trade thrives …
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Aftab Maken ISLAMABAD: The Public Accounts Committee (PAC) has asked the FBR to submit details about the owners of sugar mills. The committee also asked who allowed the export of sugar, which mills exported how much, and to which countries. All this information must be provided by next week. A …
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Aftab Maken RAWALPINDI: A recent shocking video depicting rats freely scurrying around the outdoor dining area of a prominent Butt Karahi branch in Rawalpindi’s Saddar area has ignited a firestorm of criticism across social media, once again casting a harsh spotlight on the Punjab Food Authority’s (PFA) apparent failure to …
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Aftab Maken ISLAMABAD: The National Assembly’s Standing Committee on Finance convened today, reiterating its firm stance against government intervention in the sugar trade and urging a hands-off approach to pricing and imports. The committee meeting also highlighted ongoing discussions with the International Monetary Fund (IMF) regarding controversial tax exemptions on …
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