Pakistan Sugar Mills Affiliation has determined to export sugar, whereas the Ministry of Commerce is on the trail of resistance to this resolution. The Commerce Ministry will place the matter earlier than the Sugar Advisory Board as we speak (Wednesday).
Knowledgeable sources instructed Every day Enterprise Recorder that the Ministry of Commerce headed by Jam Kamal, the Ministry of Meals Safety and Analysis headed by Rana Tanveer Hussain and the Ministry of Trade and Manufacturing are already going through extreme criticism concerning the wheat import scandal. . As a result of import of wheat, the wheat farmers in Punjab needed to face extreme losses.
Some senior officers of the Ministry of Meals Safety and Analysis additionally confronted dismissal concerning the import of wheat. Inside sources say that the federal government was knowledgeable that the farmers owed Rs 40 billion whereas the excellent quantity was no more than Rs 12 billion.
A senior official stated that 22 out of 41 mills in Punjab have been paid 100%. The remainder of the mills owe 10 % to the nation. How can 40 mills be bancrupt?
The mills of Sindh and Khyber Pakhtunkhwa wouldn’t have sufficient funds to present to the farmers. There’s a notion amongst all of the involved ministries that the sugar foyer may be very robust and has a number of affect within the authorities set-up, so it is going to attempt to extract most advantages.
Sources stated that sugar reserves as of April 30, 2024 (for November 2024) have been 4.4 million metric tonnes. The nation’s consumption of sugar is 550 thousand metric tons monthly. No matter is left over the month-to-month consumption is used as a buffer.