Epaper – April 5 KHI 2020

Page 1

CMYK

5 April, 2020 I 11 Shaban, 1441 I Rs 15.00 I Vol X No 277 I 12 Pages I Karachi 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, almoiz 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 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

g

Commission says sugar advisory Board failed to take timely aCtion to Ban export despite dwindling reserves

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. 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 beneficiaries 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

CoronavIrus In

pakIstan

tons per year. in the year 2016-17, pakistan had a record 7.08 mmt production of sugar while the production was 6.63 mmt in 2017-2018. according to the report, the export of 1 and 0.1million tonnes of sugar was approved on oct 2 and oct 4 respectively, which was not time-bound. in april and may 2019, punjab raised concern over the increase in the sugar price, but export was not banned even though the meeting showed net stocks as negative 0.191 million tonnes. finally, the export was banned in feb 2020. according to the report, the price rs55 at the time of the approval of the export kept on increasing and the “market players knew that the sugar stocks are running low in the country, hence with increasing exports, the price kept on increasing consistently every month. in april and may 2019, maximum quantities were exported and the price jumped accordingly”. despite the ministry of industries and production secretary’s letter to the provincial secretaries in oct 2019 regarding the hike in the prices, no decision was taken. in fact, hoarding was to be blamed for the increase in the price, the report said. according to the report, the sugar advisory Board (saB) in its meeting on June 20, 2019, didn’t ban the export despite clear calculations that the stock position will be negative after deducting the strategic reserves.

CONTINUED ON PAGE 03

Opp grills Imran after PTI leaders’ involvement in sugar crisis STORY ON PAGE 05

ISLAMABAD

RECOVERED:

DEATHS:

SINDH:

PUNJAB:

131 830

43

1,087

KP:

BALOCHISTAN:

AJK/GB:

ISLAMABAD:

372 12/193

185 75

g

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

Govt ‘walking tightrope’ as corona tally crosses 2,700

CONFIRMED CASES:

2,754

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

staff report

the number of Covid-19 infections in pakistan crossed 2,700 on saturday, with prime minister imran khan saying that the government “was walking a tightrope having to balance between a lockdown and people dying of hunger”. in punjab, the cases numbered at 1,087, whereas sindh had 830 cases. khyber pakhtunkhwa and Balochistan have 343 and 175 cases, respectively. islamabad and azad kashmir/gilgit-Baltistan region have 75 and 204 cases, respectively. so far, pakistan has witnessed 40 Covid-related

deaths, while recoveries are close 150. in a series of tweets, the premier said that educational institutions, malls, marriage halls and restaurants have been shut, but in order to ensure the economy does not collapse, the agricultural sector and the construction sector will remain open. “in the subcontinent, with a high rate of poverty, we are faced with the stark choice of having to balance between a lockdown necessary to slow down/prevent the spread of Covid19 & ensuring people don’t die of hunger & our economy doesn’t collapse. so we are walking a tightrope,” he wrote on his official twitter handle. meanwhile, special assistant

to prime minister on health dr Zafar mirza asked the public not to consider projections about the rise in coronavirus infection being made by experts as “the last word”, saying they are only estimates. the pm’s aide was apparently referring to a report submitted to the supreme Court, which predicted the number of cases to surge to 50,000 at least by the end of this month. “at this stage, it is uncertain whether these figures based on different scenarios and assumptions are true or not,” he said, adding that the government is keeping a close eye on the evolving situation. he also stressed the need to rationally use personal protective equipment, saying such equipment including n95 masks should be used only by frontline healthcare workers.

Corona cases may reach 50,000 by April 25, SC told STORY ON PAGE 03

will be responsible 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.

CONTINUED ON PAGE 03

more inside

Covid-19: goods’ transporters push panic button to win stimulus package STORY ON PAGE 09

Virus lockdowns leave poultry industry on the verge of collapse STORY ON PAGE 09

railways incurring more than rs1bn losses each week due to lockdown STORY ON PAGE 03

World’s virus toll tops 60,000 as advice on masks shifts STORY ON BACK PAGE


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Epaper – April 5 KHI 2020 by Pakistan Today - Issuu