Browsing Tag

Sugar Mills

APC urges Sindh government to resolve farmers’ issues

January 07, 2015 - PPI Report - An All Parties Conference (APC) titled as "Hari Bachao Sindh Bachao" was held here on Tuesday, wherein political leaders showed concerns over the government's ignorant attitude and sugar mills' owners mistreatment with Sindh farmers. Due to the exploitation by capitalists, agriculture sector was at the brink of collapse, said leaders of political, nationalist and religious parties while speaking at the APC organized by Jamaat-i-Islami Sindh at Karachi Press…

SHC dismisses petition of sugar millers

December 31, 2014 - PPI - The Sindh High Court (SHC) on Tuesday dismissed a petition filed by the sugar millers through which they challenged the notification issued by Sindh government fixing sugarcane price at Rs 182 per 40 kilograms. The petitioners, Mirpurkhas Sugar Mills owner and others, approached the court, submitting that they had filed a petition seeking its directions for the federal and provincial governments to devise an effective mechanism for fixation of sugar price and…

India’s October 1-December 15 sugar output up

December 18, 2014 - Reuters Indian sugar mills produced 4.2 million tonnes of the sweetener between October 1 and December 15, about 47 percent higher year-on-year as more mills are operational this year, a producers' body said on Wednesday. This year 442 mills in the country started crushing by December 15, compared with 426 last year, the Indian Sugar Mills Association (ISMA) said in a statement. ISMA expects India's 2014/15 sugar output at 25 million tonnes to 25.5 million tonnes…

ECC likely to approve incentives for sugar mills

December 18, 2014 Mushtaq Ghumman - BR Report - Economic Co-ordination Committee (ECC) of Cabinet is expected to approve incentives for sugar mills aimed at resolving issues being faced by the industry and growers. A delegation of Pakistan Sugar Mills Association (PSMA) led by its Chairman Iskandar Khan met Finance Minister Senator Ishaq Dar a couple of days ago and discussed with him issues of sugar industry and growers who are protesting against a low price of their produce. A…

Bagasse-fired sugar mills: EDB proposes fixed tax

May 04, 2014- BR SOHAIL SARFRAZ The Engineering Development Board (EDB) has proposed to the Federal board of Revenue (FBR) a fixed tax in FY2014-15 budget for sugar mills that are equipped with bagasse-based/self-generation power plants. Sources told Business Recorder here on Sunday that the proposal is related to the imposition of sales tax on captive power generation based on bagasse. The sugar mills having captive power plants for electricity generation based on bagasse be…

Sugar subsidy: National Assembly body asks ministries to send case to NAB

April 08, 2014 MUSHTAQ GHUMMAN Ministry of Commerce (MoC) and Ministry of Industries and Production (MoI&P) have been directed by National Assembly''s Standing Committee on MoI&P to send the case of sugar subsidy to the National Accountability Bureau (NAB) for a detailed investigation. Economic Co-ordination Committee (ECC) of the Cabinet, under the leadership of the then Finance Ministers Dr Hafeez Sheikh and Saleem Mandviwalla, had approved billions of rupees of financial…

16 mills accused of stocking sugar to suppress sales

March 31, 2014 MUHAMMAD ALI Sixteen sugar mills in Sindh are accused of stocking 770,538MT sugar worth Rs33.7 billion to suppress sales, following a low sugar ex-mill price since November, it was learnt here on Saturday. According to sources, Federal Board of Revenue (FBR) has posted its officers at all 28 sugar mills across Sindh to monitor sugar production under section 40-B of Sales Tax Act 1990, adding that the decision was made after detecting serious discrepancies in their…

Non-issuance of notification: Majority of Sindh sugar mills stop crushing

November 21, 2013 YASIR BABBAR Majority of sugar mills in Sindh have reportedly stopped sugarcane crushing on the pretext of non-issuance of notification regarding official price of sugarcane by Sindh Agriculture Department. The department was to issue a notification regarding new sugarcane price by November 1, 2013, but despite the passage of 20 days no such notification has been issued. Some four weeks back, Sindh Minister for Agriculture Sardar Ali Nawaz Khan Mahar had announced…

Payment to sugar millers: MoF refuses to give Rs 500 million to TDAP

November 15, 2013 MUSHTAQ GHUMMAN Finance Ministry has reportedly refused to give Rs 500 million to Trade Development Authority of Pakistan (TDAP) to pay sugar millers as inland freight subsidy on export of 0.5 million MT of sugar, reveals official documents available with Business Recorder. The Economic Co-ordination Committee(ECC) of the Cabinet, in its meeting on September 7, 2013 allowed sugar mills to export 0.5 million MT of sugar out of which 250,000 MT was allowed to be…

Slow stock release: TCP holds payments to four sugar mills

November 06, 2013 RIZWAN BHATTI Trading Corporation of Pakistan (TCP) has withheld sugar procurement payment of four mills that were using delaying tactics for release of already procured stocks. Sources told Business Recorder on Tuesday that so far the TCP has released payments of over 80,000 tons of sugar procured from domestic sugar mills in August this year, it has withheld/delayed the payment of some 19,195 tons sugar supplied by four domestic mills. Reportedly, these mills…

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