OGRA to decide POL prices

Full Story And Original Content.TrendPK.com KARCHI: The government has empowered Oil and Gas Regulatory Authority (OGRA) to decide petroleum product prices in future. According to officials, the decision has been taken to transfer benefit of increase or decrease in prices directly to public in future according to set formula.

Full Story And Original Content.TrendPK.com KARCHI: The government has empowered Oil and Gas Regulatory Authority (OGRA) to decide petroleum product prices in future.
According to officials, the decision has been taken to transfer benefit of increase or decrease in prices directly to public in future according to set formula.
In a letter sent to chairman OGRA by [...]

Sugar crisis worsening in Pakistan

Full Story And Original Content.TrendPK.com ISLAMABAD: People in most of the areas of the country are still facing sugar shortage. Even after the announcement made by the government the sugarcane crushing has yet not been started. Reports from diverse areas say that the commodity is not available even at the utility stores and sale points.

Full Story And Original Content.TrendPK.com ISLAMABAD: People in most of the areas of the country are still facing sugar shortage.
Even after the announcement made by the government the sugarcane crushing has yet not been started.
Reports from diverse areas say that the commodity is not available even at the utility stores and sale points.
Officially 40 sales [...]

19 Sindh sugar mills start crushing

Full Story And Original Content.TrendPK.com KARACHI: The crushing of sugarcane has been started in 19 sugar mills of Sindh as nine boilers started operations.

Full Story And Original Content.TrendPK.com KARACHI: The crushing of sugarcane has been started in 19 sugar mills of Sindh as nine boilers started operations.
Sindh sugarcane commissioner Imtiaz Ali Shah told this Geo News. He said three sugar mills still not working due to technical faults. He said sugarcane growers selling only 30 to 40 percent [...]

Sugar Mills Association Confessed of Monopoly in Sugar Crisis: Mirza

Pakistan: Sugar Mills Association Confessed of Monopoly in Sugar Crisis: Mirza, Competition Commission Chairman Khalid Mirza says that Pakistan sugar mills association has confessed manipulation to get sugar production and distribution.
After the hearing of a case about monopoly in sugar industry, That sugar mill association confessed it violated competition ordinance and sought court’s relaxation under section 39. He told that the commission would decide about giving relaxation after November 24 hearing of the case. Competition Commission can fine up to Rs 50 million if charges of monopoly and manipulation are proven.

---

Sugar Mills Association Confessed of Monopoly in Sugar Crisis: Mirza was first posted on November 14, 2009 at 4:34 pm.

Crackdown Against Suger Holder, 2 Mln Bages Recovered

LAHORE: Crackdown against sugar hoarders has been kicked off across Punjab following Lahore High Court (LHC) ruling, setting per kilogram sugar price at Rs40 as administration deployed heavy police contingents on sugar mills on the directives of Punjab government and seized two million bags of sugar.

Provincial government has commenced raids on sugar mills across Punjab province in order to comply with LHC verdict, sources said.

According to sources, hundreds of thousands of maund sugar has been seized from the godowns of five sugar mills in Rahim Yar Khan, 2 mills in Kot Addu, Sadiqabad and Nankana Sahib each whereas one sugar mill in Bhawalpur, Bhawalnagar, Rajanpur, Pattuki and Mandi Bahauddin each.

DCO Rajanpur said 2,92,780 sugar pouches have been seized from Rajanpur sugar mills and police have been deployed whereas DDO Revenue Kotaddu said more than 400,000 sugar bags recovered from two sugar mills in tehsil.

Similarly, 2,91,305 sugar pouches from Phalia Sugar Mill and 3,50,000 sugar sacks stocked in Patoki sugar mill have been taken into custody following police raid on stockroom.

Police troops have been deployed on most of sugar mills throughout Punjab to stop sugar hoarding, provincial sources concluded.

---

Crackdown Against Suger Holder, 2 Mln Bages Recovered was first posted on September 5, 2009 at 11:56 am.
©2009 “News Trends“.

Senate Committee Directs Reducing Rs8/kg On Suger Price

ISLAMABAD, PAKISTAN: A Senate Standing Committee directed to immediately cut down sugar price by Rs7 to Rs8/kg, Geo News reported Friday.

Federal Minister for Industries and Production Manzoor Ahmed Wattoo said the lobby at Economic Co-ordination Committee did not allow the on time import of raw sugar.

The Senate’s standing committee held a meeting with Ishaq Dar in chair at Parliament House here.

The committee asked Wattoo that Trade Corporation of Pakistan bought 3 million tonnes of sugar from sugar mills at the rate of Rs25/kg; why this sugar was sold with Rs14 profit.

The committee members also asked the sugar mills first gave away their sugar at Rs25/kg; what happened that they want Rs50/kg for their sugar now.

The member also asked as to why ECC twice refused to import sugar despite the shortage of the sugar.

Wattoo held the lobby at ECC responsible for not importing raw sugar, adding a formal policy would be hammered out in two months.

The federal Secretary of Industry and Production said the 83 sugar mills of the country produce 68 lakh tonnes of sugar, adding the sugar production was 2.4 million tonnes.

The standing committee directed the federal government to call related officials and sugar mills owners and get Rs7 to Rs8/kg curtailed within one day.

The committee suggested government to cut off Rs4 to Rs5/kg in taxes and sugar mills owners were also urged to reduce their profit by Rs3 to Rs4/kg.

---

Senate Committee Directs Reducing Rs8/kg On Suger Price was first posted on August 21, 2009 at 5:30 pm.