Court injunction makes sugar expensive, Punjab govt report

Lahore: JTN Report:

All the cases of sugar mills are tried in a special court, the injunction needs to be lifted, otherwise the country and the province will suffer further crisis.

All the cases of sugar mills are tried in a special court, there is a need to end the injunction, otherwise the country and the province will suffer further crisis: Report of the caretaker government of Punjab - Photo: File

The caretaker government of Punjab has released a report on the increase in sugar prices.

According to the report, the reason for the increase in sugar prices is the Lahore High Court's order, the order on sugar prices paved the way for the increase in prices, all cases of sugar mills are handled in a special court.

The report said that the sugar prices are being inflated excessively, profit is being made by sugar mills, brokers and speculators. The authority to fix the price through the Punjab Foodstuffs Order was given to the Cane Commissioner, Punjab.

According to the text of the report, the cane commissioner started the process of fixing the ex-mill price. During the crushing season, a total of 7.7 million metric tons of sugar was produced in the country, 5 million metric tons of sugar was stored in Punjab. were sufficient to meet the requirements.

The report states that on May 4, 2023, co-judge Shahid Karim fixed the next date as September 20 on the objection that the subject of price determination is provincial. A hundred rupees per kg are being charged.

The report of the caretaker Punjab government further states that the provincial authorities are unable to stop the smuggling of sugar into Afghanistan.

The strategic reserves have been depleted, these reserves were to meet the shortage of sugar in the coming year, the cultivation of sugarcane has decreased by 17%, next year Pakistan may have to spend considerable foreign exchange on importing sugar. .

According to the text of the report, the nexus of sugar mills and brokers is responsible for the increase in prices. Due to the increase in global prices, sugar mills started smuggling sugar to Afghanistan. Sugar prices are increased by brokers through various WhatsApp groups. The situation is becoming serious day by day, there is a possibility that the price of sugar will increase further, there is a need to end the prohibition order, otherwise the country and the province will suffer from further crisis.

The report said that speculators have almost destroyed the sugar market, speculators need to be arrested under MPO, sugar mills, dealers, brokers, speculators have sold expensive sugar. 55 to 56 billion rupees stolen, there are five or six brokers and dealers in Harmal selling small sugar.

It should be noted that the increase in the price of sugar in the country continues even after the double century and one kg of sugar is available at Rs 225 in Quetta, Rs 200 in Peshawar and Rs 185 to 200 in Karachi.

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