Food

Aftab Maken ISLAMABAD: The Sugar Advisory Board has approved the import of 500,000 tons of sugar to tackle the ongoing shortage and stabilize market prices. The decision was taken during an important meeting of the board, chaired by Federal Minister for National Food Security and Research, Rana Tanveer Hussain. The …

Aftab Maken ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial presented a list of sugar mills allegedly involved in billions of rupees worth of tax fraud to the National Assembly’s Standing Committee on Finance. According to reliable sources, the owners of these sugar mills include prominent political and …

Aftab Maken ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a cumulative penalty of Rs 375 million on six leading urea manufacturers and their trade association for collusive price fixing. The Commission, acting on a suo motu notice, conducted a comprehensive inquiry and found that the companies — Fatima …

Aftab Maken Islamabad A recently formed Senate sub-committee, tasked with investigating alleged tax evasion worth billions of rupees within Pakistan’s cigarette industry, is now at the center of a significant controversy. Serious objections have been raised regarding the inclusion of senators with direct and past ties to the tobacco sector, …

The Competition Appellate Tribunal (CAT), while deciding the appeals filed by the Pakistan Sugar Mills Association (PSMA) and its member mills, has remanded the case to the Competition Commission of Pakistan’s (CCP) for a fresh hearing. In its short order, the Tribunal directed that the matter be reheard by either …

The National Disaster Management Authority (NDMA) has informed the Senate Standing Committee on Climate Change that Pakistan is likely to receive up to 300 millimeters of rain during this year’s monsoon season, with Punjab expecting between 300 to 380 millimeters. The frequency of cloudbursts is also expected to increase. The …

Pakistan is looking to buy more goods from the US, including cotton and soybean, and remove non-tariff barriers to escape President Donald Trump’s high tariffs. The country is open to foreign direct investments from US firms in its recently opened minerals and mining sectors and is preparing to debut its …

Asghar Hussain and Hassan Abbas Responding to a question about failure of Rajasthan Canal in India, that it is less than 1% successful, Ms Azma Zahid Bukhari, the provisional minister for information, Government of Punjab, dismissed the failure and informed the audience of a press briefing that Indians have already …

The Torkham border crossing has been reopened after 27 days, following successful negotiations between the members of the Pakistan-Afghanistan Jirga, thereby restoring trade activities at the border. According to sources, a flag meeting held at the Torkham border led to the decision to resume trade, resulting in the reopening of …

The Competition Commission of Pakistan (CCP) on Tuesday stated that it is closely monitoring the ongoing sugar crisis and warned that strict enforcement and policy actions will be taken if any anti-competitive activities are found. The CCP has been actively working to curb cartelization in the sugar industry, promoting fair …