BR100 Increased By (0.57%)
BR30 Increased By (0.23%)
KSE100 Increased By (0.41%)
KSE30 Increased By (0.44%)
AGHA 7.80 Increased By ▲ 0.05 (0.65%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 57.98 Decreased By ▼ -0.68 (-1.16%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 10.23 Decreased By ▼ -0.38 (-3.58%)
CSIL 5.40 Increased By ▲ 0.10 (1.89%)
FCCL 54.84 Increased By ▲ 1.10 (2.05%)
FFL 16.61 Increased By ▲ 0.15 (0.91%)
FNEL 1.25 Increased By ▲ 0.03 (2.46%)
KEL 7.38 Increased By ▲ 0.10 (1.37%)
KOSM 5.74 Increased By ▲ 0.10 (1.77%)
LOTCHEM 29.45 Decreased By ▼ -0.20 (-0.67%)
MLCF 95.10 Decreased By ▼ -1.26 (-1.31%)
NBP 203.95 Increased By ▲ 0.42 (0.21%)
NCPL 57.54 Increased By ▲ 0.69 (1.21%)
NPL 68.71 Increased By ▲ 1.40 (2.08%)
OGDC 317.30 Decreased By ▼ -0.92 (-0.29%)
PACE 10.69 Increased By ▲ 0.06 (0.56%)
PAEL 42.76 Increased By ▲ 0.99 (2.37%)
PIBTL 16.77 Decreased By ▼ -0.04 (-0.24%)
PPL 220.60 Increased By ▲ 0.43 (0.2%)
PRL 49.40 Increased By ▲ 0.35 (0.71%)
PTC 70.74 Increased By ▲ 0.73 (1.04%)
SSGC 28.39 Decreased By ▼ -0.75 (-2.57%)
TBL 9.84 Increased By ▲ 0.07 (0.72%)
TELE 8.85 Increased By ▲ 0.03 (0.34%)
TPL 18.03 Increased By ▲ 0.86 (5.01%)
TPLP 12.85 Increased By ▲ 0.34 (2.72%)
TREET 22.71 Increased By ▲ 0.12 (0.53%)
TRG 59.90 Decreased By ▼ -0.32 (-0.53%)

LAHORE: The caretaker government of Punjab has filed an application before the Lahore High Court praying to withdraw a stay order granted in favour of sugar mills restraining the authorities from finalizing the price of the commodity.

The government said that sugar mills had challenged a notification, ie, the Punjab Foodstuffs (Sugar) Order 2023 issued by the food department on July 28 last empowering the cane commissioner to fix the ex-mill price of sugar after hearing the representative body of the millers.

It said a consultative process was initiated in pursuance of the notification for the determination of sugar price, which has also been assailed by the millers before the court.

The government said the court allowed the consultative process of the price determination to continue, however, suspended its final decision.

The millers/association failed to participate in the consultative process despite several notices only to delay the matter.

The government pleaded that due to the embargo on determination of final price, the sugar price is being artificially maneuvered by means of stocking, hoarding and smuggling.

It argued that if the stay order granted by the court is not vacated, the authorities concerned will suffer an irreparable loss.

The government asked the court to withdraw the stay order in the larger interest of the public.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.