BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)
By

ISLAMABAD: The federal government on Monday directed the authorities concerned to launch a crackdown against 'sugar mafia' in light of the sugar inquiry commission report and submit implementation report in next 90 days. Prime Minister's Advisor on Accountability and Interior Mirza Shahzad Akbar has written separate letters to the governor State Bank of Pakistan (SBP), Competition Commission of Pakistan (CCP), chief secretaries of Punjab, Khyber Pakhtunkhwa and Sindh to launch a crackdown against the sugar mafia.

The sugar inquiry commission report has also been annexed with the letters written after seeking consent of the Prime Minister Imran Khan. The federal cabinet has already accorded consent to action plan on June 23, to implement the sugar commission report.

According to a press release, the federal government also sought clarification from the CCP over delay in action against the sugar cartels. The CCP will investigate matters like sugar hoarding and non-supply of sugar at the utility stores.

The Federal Board of Revenue has been directed to conduct an audit of all sugar mills across the country to investigate the matters related to Benami accounts, dubious transactions and tax evasion.

In the light of the letter, the SBP governor has been directed to investigate into sugar mills' loans and dubious exports and submit a comprehensive report in this regard.

The FIA and Securities and Exchange Commission of Pakistan have been tasked to probe corporate fraud and the export issue of sugar mills.

Likewise, the National Accountability Bureau has been directed to fix the responsibility under the facts of sugar commission report.

The anti-corruption watchdog has also been tasked to analyse the aspects of subsidies which went against laws.

The departments concerned would also investigate the reportedly given loans on interest and short payments to sugarcane growers despite receiving hefty subsidies from the government.

The provincial anti corruption departments were authorised to conduct investigations against sugar mills, the letter said.

The action against sugar barons was delayed due to court cases filed by the sugar mills association.

Comments

Comments are closed for this article.