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Millers reject sugar import move, notified ex-factory price

Business April 4, 2021 LAHORE: Sugar mills rejected need of imports of sweetener with its production this year more than enough to meet domestic demand and the government’s ex-factory price without tax relief. Addressing a press conference, representatives of Pakistan Sugar Mills Association (PSMA), Punjab said the government should waive 17 percent general sales tax on sugar if it wants to fix ex-mill rate of sweetener at Rs80 per kilogram. If the provincial government is still ben upon fixing the price, it pays salaries of mills’ staff, takes all responsibility of business including outstanding amount of farmers and other liabilities. Waheed Chaudhry, spokesman of PSMA along with Javed Kayani, former chairman of PSMA urged the government to have a meeting with sugar manufactures to resolve issues pertaining to the commodity’s price and availability.

Mills refuse to sell sugar at Rs80 per kg

Mills refuse to sell sugar at Rs80 per kg Top Story April 4, 2021 LAHORE: The Pakistan Sugar Mills Association (PSMA) Punjab Zone Saturday refused to provide sugar for Rs80 per kilogram for the open market. PSMA Punjab leadership including Javed Kayani, Chaudhry Waheed, Ali Saleem and others, told press conference in Lahore that the government should abolish 17 per cent sales tax levied on the sugar sale if it wanted to fix Rs80/kg ex-mill rate of the commodity. They said if the government wanted to fix that rate, it should take the responsibility of paying salaries to the mills staff as well as all other financial liabilities. They said the mills could not afford providing sugar for Rs80/kg, and the government might import it at this rate if it could not increase rate for the local mills’ produce.

Sugar mills reject prices fixed by govt - Newspaper

LAHORE: The Pakistan Sugar Mills Association (PSMA) has rejected the ex-mill and retail price of sugar fixed by the Punjab government, offering it to pick the entire sugar stock from the mills at this price and offload it in the retail market subject to taking responsibility of paying salaries of staff and workers. “We reject the rates fixed by the government. However, if the government want to implement this forcibly, it must take responsibility of paying the salaries of mills staff, 17 per cent sales tax levied on sale of sugar and other financial liabilities of the project from where it would pick the stock,” PSMA Punjab group leader Javed Kayani told journalists at a news conference on Saturday.

Mills refuse to sell sugar for Rs80/kg

Mills refuse to sell sugar for Rs80/kg
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