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 and Ghotki. 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. Hence, only the sugar mills of Punjab were entitled to the subsidy from Oct 2018 to Feb 2020. The committee has also pointed out the practice of ‘forward buying’ and satta practice which could take the sugar price upwards of Rs100 per kg by Ramzan.

Source: Pakistan Today April 04, 2020 18:33 UTC