Sugar production in November 2020 stood at 458,435 tonnes after the start of sugarcane crushing which further swelled to 1.423m tonnes during December 2020. File
KARACHI: Sugar is being retailed at Rs105-110 per kg in Karachi against Rs95-100 last week, while consumers in Lahore are paying Rs93-100 against Rs85-90 per kg.
Similarly, in Quetta the sweetener is available at Rs105-106 per kg as compared to Rs95-97 last week.
Karachi Retail Grocers Group (KRGG) General Secretary Farid Qureishi said the wholesale rate of sugar is Rs97 per kg. But Karachi Wholesalers Grocers Association (KWGA) Anis Majeed said the wholesale rate is Rs94 per kg and retailers are minting money by charging Rs105-110 per kg.
Cash bleeding SOEs face loss of Rs429 bn in two years II
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March 10, 2021
ISLAMABAD: The line ministry for all SOEs in the oil and gas sector is M/o Energy. The Petroleum Division of M/o Energy deals with oil and gas sector while the power sector companies are under the purview of Power Division. These include oil and gas (8), exploration & development (3), marketing & distribution (3), refineries (2). Overall, the oil and gas companies remain the backbone of the GoP SOE portfolio and have consistently remained on the forefront of new exploration initiatives, even in the frontier areas. It is expected that with enhanced pricing initiatives and improved law and order situation, the oil and gas entities will fare better in the years to come. Overall, this sector witnessed 26 percent increase in net revenue compared to the last year. The net profit stands at Rs242 billion with sub sector exploration leading with net profit of Rs212 billion.
The Trading Corporation of Pakistan (TCP) has re-issued tenders for the import of wheat and sugar, raising fears that that the country might face a shortage of the most important commodities of every household during upcoming Ramazan.
Shortage of Wheat and Sugar in Ramadan Imminent propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.