Govt, Mill Owners Agree To Sell Sugar At Rs40 per kg

ISLAMABAD: The Supreme Court was informed on Friday that the government and mill owners have agreed to sell sugar to domestic consumers at Rs40 per kg. A signed agreement of the two parties was presented to the Supreme Court during the hearing of the case. The sugar mills will release 30 per cent of the available stock of sugar for domestic consumption and the remaining 70 per cent shall be released for industrial consumption.

ISLAMABAD: The Supreme Court was informed on Friday that the government and mill owners have agreed to sell sugar to domestic consumers at Rs40 per kg.

A signed agreement of the two parties was presented to the Supreme Court during the hearing of the case.

The sugar mills will release 30 per cent of the available stock of sugar for domestic consumption and the remaining 70 per cent shall be released for industrial consumption.

The release of sugar for domestic and industrial consumption shall be made on a daily basis maintaining the ratio of 30:70.

The decision to this affect was made in a meeting of stakeholders held here Friday which finalized the supply and distribution of sugar to domestic consumers at Rs40 per kg in every part of the country.

A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Jawwad S Khwaja and Justice Ghulam Rabbani heard the case.

The apex court was told that sugar would be purchased from mill owners at Rs36 and sold to domestic consumers at Rs40 per kg.

The court appreciated the agreement and ordered its implementation. The Chief Justice said that sugar should now be available to the consumers throughout the country and the court should not hear anything about problems to the consumers in this regard.

The Chief Justice asked the mill owners to immediately provide sugar to the market as there were complaints of non-availability of the commodity in the market.

The court was informed that 30 percent domestic consumers need 11,400 metric tones sugar daily.

Secretary Finance Salman Siddique told the court that presently the existing stocks of sugar in the country were 378,000 metric tones, sufficient for the month of November.

The court was told that new National Sugar Policy 2009-10 has been framed and it would be presented before the Cabinet for approval next week.

The court, directing for implementation of the agreement, adjourned the hearing to a date in office.

Later talking to reporters at premises of the Supreme Court, Secretary Finance, Salman Siddique said that it was responsibility of the provincial governments to ensure provision of sugar to consumers and its monitoring.

He said the provincial governments were bound to provide sugar to the consumers at Rs40 per kg. He said the formula presented before the court was for the present year and a separate policy would be framed for the next year.

A meeting in this regard will be held very soon in which the chief ministers of all four provinces will also participate.—APP

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