Govt Makes Sugar Forensic Report Public, Says It Vindicated PM Imran
The report of the Sugar Forensic Commission (SFC) that was made public by the government today states that sugar mill owners have been acting as cartels. Six major groups hold 51 per cent production supply, Shehzad Akbar, Prime Minister’s assistant for accountability said on Thursday.
Dawn news reported that Information Minister Shibli Faraz and PM’s aide on accountability, Shehzad Akbar, discussed the details from Sugar Forensic Commission (SFC) constituted to find out those behind the sugar shortage and price hike of the commodity in the country earlier this year.
The sugar industry was given subsidies worth Rs29 billion over the last five years and tax income from 88 sugar mills across the country amounted to Rs10bn after tax refunds, as reported by Radio Pakistan.
Akbar said that a sugar mill called Alliance, based in Rahim Yar Khan, partially owned by Pakistan Muslim League Quaid (PML-Q) senior leader Moonis Elahi showed that between 2014 to 2018, 11-14pc systematic cut was done for farmers, which translated to Rs970 million and was a huge blow to them.
The mill also had records of selling sugar to unidentified buyers and so go to under-report the revenue on sugar sales for years, which is a violation of the Pakistan Penal Code.
Akar also mentioned that JDW shared 21 per cent by Jehangir Tareen and Al Arabiya owned by Salman Shahbaz Sharif have both been found guilty of corporate fraud and market manipulation, causing the inflation.
The report will also be available online very soon, for the sake of accountability, as for Prime Ministers’ orders.