AIRLINK 74.55 Increased By ▲ 0.26 (0.35%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.38 Increased By ▲ 0.01 (0.23%)
DFML 39.30 Increased By ▲ 0.50 (1.29%)
DGKC 85.00 Increased By ▲ 0.18 (0.21%)
FCCL 21.18 Decreased By ▼ -0.03 (-0.14%)
FFBL 33.86 Decreased By ▼ -0.26 (-0.76%)
FFL 9.75 Increased By ▲ 0.05 (0.52%)
GGL 10.50 Increased By ▲ 0.08 (0.77%)
HBL 112.50 Decreased By ▼ -0.50 (-0.44%)
HUBC 136.65 Increased By ▲ 0.45 (0.33%)
HUMNL 12.19 Increased By ▲ 0.29 (2.44%)
KEL 4.77 Increased By ▲ 0.06 (1.27%)
KOSM 4.50 Increased By ▲ 0.06 (1.35%)
MLCF 37.89 Increased By ▲ 0.24 (0.64%)
OGDC 136.65 Increased By ▲ 0.45 (0.33%)
PAEL 25.20 Increased By ▲ 0.10 (0.4%)
PIAA 19.76 Increased By ▲ 0.52 (2.7%)
PIBTL 6.71 No Change ▼ 0.00 (0%)
PPL 121.90 Decreased By ▼ -0.20 (-0.16%)
PRL 26.78 Increased By ▲ 0.13 (0.49%)
PTC 13.95 Increased By ▲ 0.02 (0.14%)
SEARL 57.17 Decreased By ▼ -0.05 (-0.09%)
SNGP 67.30 Decreased By ▼ -0.30 (-0.44%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.39 Decreased By ▼ -0.01 (-0.12%)
TPLP 11.20 Increased By ▲ 0.07 (0.63%)
TRG 63.30 Increased By ▲ 0.49 (0.78%)
UNITY 26.64 Increased By ▲ 0.14 (0.53%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 7,812 Increased By 1.5 (0.02%)
BR30 25,200 Increased By 49.8 (0.2%)
KSE100 74,961 Increased By 3.9 (0.01%)
KSE30 24,083 Decreased By -0.3 (-0%)

LAHORE: The Cane Commissioner Punjab has warned the sugar mills in province to refrain practice of maintaining sketchy details of buyers of their produce as it is facilitating hoarding of the commodity and profiteering by some unscrupulous elements.

According to an order issued to the mills on Tuesday, the Cane Commissioner said that it has come to his notice that some occupiers of sugar factories do not maintain and provide proper details of the buyers of sugar and the quantity of sugar soled to them. "In most of the cases, only the first name of the buyer without the name of the father, complete address and other contact details is recorded and provided. With the given details, the buyers cannot be traced. This practice is facilitating hoarding of sugar and resultant profiteering by some unscrupulous elements," the order said.

Cane Commissioner Punjab Muhammad Zaman Wattoo talking to the Business Recorder claimed that the sugar mills are not maintaining correct and complete details of sugar sold. This was facilitating hoarding of sugar. In order to take punitive action against the mills involved in selling sugar without proper record, the order has been issued under Rule 16 (10) of the Punjab Sugar Factories Control Rules 1950.

The Order said that the occupiers of all sugar mills situated in Punjab shall provide complete details of the buyers of sugar and quantity sold to them on the return/form given with this order to the office of the Cane Commissioner as well as the Deputy Commissioner/ Additional Cane Commissioner of concerned district on daily basis. The same order directed the Deputy Commissioners/ Additional Commissioners to initiate legal proceedings in case of violation of this order or provision of incorrect information.

Copyright Business Recorder, 2020

Comments

Comments are closed.