AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

Punjab imposes strict restrictions on sugar traders

  • Under the order, the sale and purchase of sugar system would be regulated.
  • The godowns of sugar mills and dealers would be registered and only registered dealers would be allowed to sell or purchase sugar.
Published March 27, 2021

The Cabinet of the Punjab government has approved Punjab Sugar Supply Chain Management Order 2021 to tighten the noose on the sugar cartel.

Under the order, the sale and purchase of the sugar system would be regulated. The godowns of sugar mills and dealers would be registered and only registered dealers would be allowed to sell or purchase sugar.

According to the Management Order, in case of shortage of sugar, the cane commissioner and deputy commissioners will have full authority to sell sugar. In case of depletion of stock, the Deputy Commissioners will have to be informed.

Factories will not be able to sell sugar to unregistered dealers, wholesalers and brokers.

Furthermore, Approval was also accorded to the Prevention of Speculation in Essential Commodities Ordinance 2021 under which tariff of essential items would be controlled. It was also decided to import 200000 metric tonnes of sugar to sustain its prices in the province. Moreover, installation of four new cement plants in Mianwali, DG Khan and Khushab was also approved in the meeting. Billions of rupees are expected to be invested in cement plant projects which will result in creating thousands of jobs to the citizens. The meeting also approved waiver of Abiana (water rate), agriculture tax and other arrears for cultivators facing drought in tehsil Noorpur Thal of Khushab district and 75 mauzas have been declared calamity-hit areas.

Comments

Comments are closed.