AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

Former prime minister and senior leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi on Saturday said the decision taken by the federal cabinet and the Economic Coordination Committee (ECC) resulted into an increase in the prices of sugar across the country.

Abbasi, who was flanked by Khurram Dastgir, told reporters after he appeared before sugar and wheat inquiry commission headed by Director General (DG) Federal Investigation Agency (FIA) Wajid Zia outside agency headquarters, that the decision of the cabinet and ECC led to a hike in sugar prices in the country.

The prime minister and the chairman ECC are "incompetent and corrupt", he said.

Abbasi said he appeared before the commission on the recommendation of his party.

He presented all the facts before the commission, and did not make any political statement.

Abbasi also said that he told the commission to summon the prime minister and the members of the cabinet regarding the crises.

The former premier said that a green signal to export sugar was given despite there was no surplus amount of commodity in the country. For 16 months the export of sugar continued but the government did not take any notice of it, he said.

To a question about the NAB's fresh summons to the PML-N President, Shehbaz Sharif, he said that the NAB chairman was unable to see sugar, medicine and other crises.

The NAB has become a tool of political engineering, he alleged.

Abbasi said that during the PML-N tenure, the government gave a subsidy of more than Rs20 billion for sugar, which was why the prices did not rise even by a penny and price of per kg sugar price was Rs54.

To another question, he said that they should run the government, and his party would not demand a resignation.

Copyright Business Recorder, 2020

Comments

Comments are closed.