Epaper – April 5 ISB 2020

Page 1

CMYK

5 April, 2020 I 11 Shaban, 1441 I Rs 15.00 I Vol X No 277 I 48 Pages I Islamabad Edition

Imran delIvers on promIse, goes after sugar barons g

pm formS Body to proBe SugAr priCe hike, ConduCt millS’ Audit After report pointS to top pti memBerS’ involvement ISLAMABAD

m

staff report

Aking good on his promise of ensuring transparency and accountability in governance, prime minister imran khan on Saturday not only made the inquiry reports into the sugar and wheat shortage public but also ordered the formation of a commission to probe into the sugar crisis and to conduct a forensic audit of the sugar mills, including some owned by senior members of the ruling pakistan tehreek-e-insaf (pti). the directives came after an inquiry committee formed by the premier to probe into increase in sugar price found out that the export of sugar was not justified and the exporters, including prominent members of the ruling pakistan

tehreek-e-insaf (pti), benefitted in two ways by gaining subsidy and then fetching huge profit from the increasing sugar prices in the local market. the commission has been directed to complete its task by April 25. After the finalisation of its report, the findings will also be made public and any corrective and/or punitive measures required or recommended will be taken by the federal government. the commission has started its work and nine teams are already on the ground for carrying out forensic analysis of 10 sugar mills including Alliance Sugar mills ghotki, Al-Arabia Sugar mills Sargodha, Al-moiz 1 Sugar mills di khan, Al-moiz 2 Sugar mills mianwali, hamza Sugar mills ry khan, hunza 1 and hunza 2 Sugar mills faisalabad and Jhang, and Jdw 1,2, and 3 Sugar mills ry khan

pm SAyS CoronA CriSiS A true teSt for lAwmAkerS, urgeS them to Serve their ConStituenCieS LAHORE staff report

prime minister imran khan on Saturday assured the nation that the distribution of relief funds in wake of the coronavirus crisis will be done “purely on merit” without any “political interference”. “it will not matter who belongs to which party,” the premier said while addressing a fund-raising event at punjab governor’s house here. imran said the crisis will be a true test of how lawmakers serve their constituencies in this difficult time. “the field of politics has been stained with this belief that politicians say they will serve the people’s interests but only serve their own,” he added. the prime minister said the government will resort to countrywide lockdown if the coronavirus infection spiked exponentially, but for a curfew to be successful, it will need to provide food to people at their doorsteps. he added that the tiger force will be respon-

in today’s issue

sible for the delivery of food and that it needed to be fully operational when the tough time comes. he assured that all the donations and contributions to support the vulnerable segments of the society would be transparent. the prime minister said that Allah Almighty had always tested nations with trials and tribulations and those emerge stronger which faced such testing times with patience. “A good man faces hard times and often emerges from the trials without seeking shortcuts. it is a testing time for the nation to bear it with patience. it is a test of the nation, though it is indeed a difficult time as no one had the experience of how to deal with coronavirus challenge,” he added. Speaking about measures to sustain the economy, the pm said his government’s entire efforts were geared towards protecting the most vulnerable sector— the daily wage workers.

attention Some readers have complained that they are not getting the magazine with their newspaper copy. Please call or WhatsApp us at the following number to register a complaint. Contact: 0307-7338168 irfan.farooq@pakistantoday.com.pk

CommiSSion SAyS SugAr AdviSory BoArd fAiled to tAke timely ACtion to BAn export deSpite dwindling reServeS

and ghotki. According to the report, sugar price was increased from rs 55 per kg in december 2018 to rs 71.44 per kg in June 2019, despite the fact that general Sales tax (gSt) increase was implemented from July 1, 2019. After the export of sugar in January 2019, its price started increasing immediately in the local market. the major beneficiaries of the subsidy offered by the government on export of sugar include ryk group, owned and controlled by makhdum omer Shehryar, a relative of federal minister for food Security makhdum khusro Bakhtiar, which availed 15.83 per cent of the total export subsidy amounting to rs3.944 billion. Chaudhry munir and pakistan muslim league-Quaid (pml-Q) senior leader moonis elahi are also partners in this group.

won’t discriminate in provision of relief funds, pm imran assures

g

g

CONTINUED ON PAGE 03

Govt ‘walking tightrope’ as corona tally crosses 2,700 Corona cases may reach 50,000 by April 25, SC told STORIES ON PAGES 02 & 03

Jdw group owned and controlled by senior pti leader Jahangir khan tareen availed 12.28 per cent of the total export subsidy amounting to rs3.058bn, while hunza Sugar mills availed 11.56 per cent of the total subsidy amounting to rs 2.879bn. hunza Sugar mills is owned by muhammad waheed chaudry, idrees Chaudhry and Saeed Chaudhry. Sugar mills owned by the Sharif family availed 5.91 per cent of the total export subsidy amounting to rs1.472bn. the report also revealed that in the past few years the production of sugar was historically more than the local requirements, therefore it was imperative to probe and include this aspect related to export of sugar including any subsidy given, its impact on local sugar prices and eventually major beneficiar-

ies of such export subsidies. the production of sugar in 2016-17 and 2017-18 was more than the estimated domestic consumption of the country, hence the sugar was exported from pakistan. the estimated domestic consumption of pakistan is around 5.2 million metric tons per year. in the year 201617, pakistan had a record 7.08 mmt production of sugar while the production was 6.63 mmt in 2017-2018.

CONTINUED ON PAGE 03

Poor planning, flour mills’ malpractices caused wheat crisis, inquiry reveals STORY ON PAGE 05


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.