The price of sugar has increased by Rs9 per kg in the wholesale market and is being sold at Rs135 per kg as compared to yesterday’s rate of Rs126 per kg. On the other, sugar is being sold at Rs127 in the wholesale market, while same is being sold between Rs135 to 140 in the retail market. conceded Rs10 increase in the past two days alone
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PAKISTAN: Sugar mills say middlemen causing hike in sugarcane price . 3rd January 2022. The Pakistan Sugar Mills Association (PSMA) said on Dec. 31 that middlemen were causing a hike in the sugarcane purchase price and warned of an increase in sugar prices of the commodity if no action was taken against the mafia, according to GEO TV.
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The administration had identified four dealers involved in the price hike of sugar in the city and arrested Shehzad Faisal and Junaid Butt. The suspects were taken into custody under Section-3 of
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Recorder Report 22 Dec, 2021. LAHORE: Chief Secretary Punjab Kamran Ali Afzal has said that the provincial government would ensure the implementation of the ex-mill and retail price of sugar in
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Islamabad: The prices of sugar in Pakistan zoomed past the prices of petrol on Thursday (November 4). Despite the government`s assurances of working to curb the prices of essential items in the country, sugar is being sold as high as Rs 150 per kg in different cities while petrol is currently being sold at Rs 138.30 per litre in the country, reported Geo News.
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Pakistan Sugar Mills Association (PSMA) has eyed high price of commodity at Rs95/kg, citing enhanced cost of sugarcane. “According to the current price of sugarcane, the cost of production of
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Sugar mills are purchasing the sugarcane at the rate of Rs.260-280 per 40 kilogramme which is much higher than the government fixed price of Rs.225. He said in those areas where middle-men have become active, the price of sugarcane has crossed Rs.300. In this scenario and according to the current price of sugarcane, the cost of production of
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INP 09 Dec 2021. KARACHI: The Sindh High Court on Wednesday extended stay order against the new sugarcane price set by the Sindh government. A bench of the high court heard sugar mills owners
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Published On 01 December,2021 11:29 pm. Tarin expresses satisfaction over stability in sugar prices in market. ISLAMABAD (Dunya News) – Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin Wednesday expressed satisfaction over the stability in the sugar prices in the market. He said this while presiding over the National Price
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He said that Rs. 1.5 per 40 kilograms of sugar cess was collected each from landlords and mill owners from sugar mills from August 2018 to July 2021, received more than Rs 4.54 billion. The law minister said that sugar cess was spent on construction and repair of broken roads in the respective area.
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Pakistan’s car sales surge 96% in December. KARACHI: The sales of locally-manufactured cars surged 96 per cent in December 2021, mainly aggressive buying during the month on the expectation of price increase. According to the data released by the Pakistan Auto Manufacturers Association (Pama) on Tuesday, the total car sales grew to 27,331
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According to the report by a local private media channel, the commission report estimated sugar price at Rs 63.13 after the deduction of profit and taxes levelled on sugar mills. But the government bought 2.1 million tonnes of sugar at Rs 83.50 from the sugar mills from December 2019 to July 2020.
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Basmati Rice Price in Pakistan - Latest Jan, 2022 Prices. The Lowest price of Basmati Rice in Pakistan is Rs. 79 , and estimated average price is Rs. 105 . Get the latest price for Himalayan Chef, Super Kernal, Wbm Grocery, Guard Rice, Al Noor, Guard Ultimate, Pak Safeena, Guard Supreme, Guard Super, and other products. Advance Filters.
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You can follow us on twitter for latest on going trending sugar reports details especially in Pakistan, trending tweets related to ups and downs on real time basis, local and international market demand, sugar expert reviews having experience of more than twenty years. In case of any query feel free to contact us at +92 301 5247927 or you can
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April 06, 2021. ISLAMABAD
The price of the commodity has remained higher despite enhanced production of the commodity by the sugar mills. “Pakistan’s MY (marketing year) 2021-22 sugar production is forecast at 6.8
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According to the report, which the government made public last month, a ‘sugar cartel’ comprising of 88 sugar millers were responsible for the skyrocketing prices of sugar in the country. “ [The] sugar mill owners and their associates took benefit of PKR100bn (US$614.9m) to PKR150bn (US$922.4m) every year,” said Special Assistant to the
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The Competition Commission of Pakistan (CCP) has imposed a fine of Rs44bn (around USD265m) on the Pakistan Sugar Mills Association (PSMA) and 55 sugar mills for widespread manipulation to control
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Sugar mills are purchasing the sugarcane at the rate of Rs.260-280 per 40 kilogramme which is much higher than the government fixed price of Rs.225. He said in those areas where middle-men have become active, the price of sugarcane has crossed Rs.300. In this scenario and according to the current price of sugarcane, the cost of production of
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The report is proposing several policy interventions to reform the sugar sector in Pakistan. Figure 2: Sugar Mill in Pakistan. The report proposes determining price of sugarcane be based on sucrose content the sugarcane and competition between sugar mills. The report suggests amending the 1950 Sugar Factories Control Act.
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According to the report, the sugar mills owners were paid Rs14.71 billion subsidy in 2017. The sugar prices in the local market on January 2017 were Rs65.2 per kilogram. However, at the end of the
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Raids on the PSMA and JDW group sugar mills suggest these anti-competitive activities have continued since 2010. The enquiry has found multiple instances where the Pakistan Sugar Mills Association
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Lahore: A sugar crisis is set to hit the country''s economy, already reeling under an energy crisis, wheat and fertiliser shortages. The price of sugar is set to hit Rs48 (Dh2.22) per kg this month.
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As per the Sugar Sector Reform Committee’s draft proposal, discussed in the federal cabinet’s meeting on Tuesday, the government would not have any role in fixing the price of sugar. Details show that for abolishing the government’s role of fixing indicative sugarcane prices and ex-factory sugar prices by crushing season 2023, the
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