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Punjab sugar mills estimate manufacturing cost at 106/kg

Punjab lifts 4,000 tons sugar; millers agree to Rs80/kg price

Punjab lifts 4,000 tons sugar; millers agree to Rs80/kg price Business April 10, 2021 LAHORE: Punjab government reiterated its resolve of selling sugar to registered dealers at the set rate of Rs80/kg as per the law and managed to lift 4,000 tons till Friday afternoon despite the reluctance of millers. Cane Commissioner Punjab Muhammad Zaman Wattoo told The News that no mill would be allowed to create bottlenecks in sugar supply to the market on flimsy grounds. “There is no such condition of NTN and sales tax registration for dealers,” he said. The commissioner further said that they managed to lift 4,000 tons of sugar till Friday afternoon despite the reluctance of millers.

FIA serves notice to PTI MNA Nasrullah Dreshak s sugar mill

Daily Times NAB summons Nawaz Sharif s aide, others in sugar scandal probe 36 bank accounts belonging to Jahangir Tareen, family frozen April 10, 2021 The Federal Investigation Agency (FIA) on Friday issued a notice to PTI MNA Nasrullah Khan Dreshak’s Indus Sugar Mills as the agency takes forward its investigation into last year’s sugar scandal, a private TV channel reported. The sugar mills’ administration has been summoned on April 15, with the FIA demanding it present records from 2020-21 during the appearance. Apart from this, the FIA has asked the Indus Sugar Mills to also present records submitted to the Federal Board of Revenue (FBR). The FIA also sought records of sugar sold and booked through “satta” (price-fixing through collusion) along with details of brokers and dealers, the TV channel reported. In a related development, the National Accountability Bureau (NAB) has summoned former prime minister Nawaz Sharif’s close aide Javed Kiyani for the sugar cr

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