Tag: Sugar

Sugar price in the country may surge to Rs80 per kilogramme in the next couple of months as huge amounts of sugar have been...

The Federal Budget 2011-12 has started taking its toll on sugar prices. Mirroring previous trends, sugar prices have soared Rs 3 per kilogramme in...

Shahid A Khan of Lahore Gymkhana played some smart golf in the 1st Ashraf Sugar Golf Tournament held at the par 72 Lahore Gymkhana...

The Securities and Exchange Commission of Pakistan (SECP), as part of its mandate to develop and strengthen the commodities market in Pakistan, has granted...

ISLAMABAD - Pakistan is estimated to have produced 4.1 million tonnes of sugar from the 2010/11 crop, industry officials said on Wednesday, adding there was no need to import the sweetener this year, given ample stocks.
The new estimate is up nearly 400,000 tonnes from the previous projection despite initial fears that output would fall because of massive summer floods in 2010 that damaged several crops, including sugarcane.
"Sugar output from the 2010/11 crop has reached

ISLAMABAD - Trading Corporation of Pakistan (TCP) Chairman Anjum Bashir refused to disclose the names of the "sugar mafia" during a meeting of the National Assembly Standing Committee on Trade here on Tuesday.
The committee met under its Chairman Dastgir in Parliament House to review the increase in the prices of sugar and urea. Bashir said if he made public the names, it would "create a problem" for him.
He told the committee the TCP was holding reserves of 400,000 tonnes

ISLAMABAD - After a lapse of 45 days - the deadline set by the government for the judicial commission to complete its probe into the sugar price increase scam - no one from political and government circles knows if the judicial commission has presented its inquiry report to the government or not, or what are the investigation's findings in case the probe has been completed, and who was behind the scandal.
A single-member judicial commission on sugar price hike scam comprising

ISLAMABAD - Pakistan's sugarcane crushing season is likely to draw to a close with the production of 3.4 million tonnes of sugar and the country is not likely to face any sugar crisis as high prices have reduced consumption of sugar. According to an official source, mills have so far produced 3.2 million tons of sugar and they were likely to produce another 200,000 tons before the season comes to an end. The Trading Corporation of Pakistan (TCP) have stocks of 445,000 tons from the

KARACHI - The affect of calculating sales tax on actual market price of sugar through the recently promulgated presidential ordinance will fall heavily on consumers, as sugar price across the country would increase by around Rs 6.33 per kilogramme.
The fresh ordinance is sure to multiply the woes of the inflation-hit masses.
Talking to Pakistan Today, Pakistan Sugar Mills Association (PSMA) Chairman Javed Kayani said the sales tax on the market price of sugar, which was

LAHORE - Consumers are still purchasing sugar at inflated prices despite an overall reduction. Millers and farmers accuse each other for higher prices, Pakistan Today has found on Tuesday. The millers stated that they are buying sugarcane at very high price and as a result the prices of sugar are high while the farmers claim they are being paid a very low price for their produce and stress there is no justifiable reason that sugar prices are still so high. Sugar is being sold for Rs

LAHORE - Defending champions Colony Sugar maintained their dominance in the Bank Alfalah National Polo Championship by winning the second match here at the Lahore Polo Club on Thursday. Colony Sugar, playing the last match of the day, overwhelmed PAF (Hataff) by eight goals to three.
Shah Qubilai Alam, Raul LaPlacette and Zain Khan Khakwani joined hands to completet a rout of Hataff. Qublai scored five goals, LaPlacette bagged two and Zain got one.Earlier, Master Paints made

ISLAMABAD - The Ministry of Industries will present a new calculation methodology for assessing domestic annual sugar consumption and demand at the Ministerial Committee meeting on sugar here today.
An official source informed that the Minister for Industries Mir Hazar Khan Bijarani has convened the ministerial committee meeting to review the current position of sugar stocks. Officials at the ministry would share their new sugar calculation methodology with representatives of

ISLAMABAD - With sugar prices having risen astronomically in the past one year, the country's annual sugar consumption is expected to decline by up to 1 million tonnes to 3.2 million tonnes. An official source said this assessment had been made by the Ministry of Industries when it noticed that monthly sugar consumption had gone down from 350,000 tonnes to 270,000 tonnes.
The decline in sugar consumption is attributed to the commodity's high price, currently Rs 75 per kilogramme,

ISLAMABAD - Pakistan is unlikely to import sugar this year because the country will have enough stocks to meet domestic requirements, Food Minister Nazar Muhammad Gondal has said. Pakistan imposes no import duty on white sugar and the government in September waived a 25 percent duty on raw sugar to encourage the private sector to import the sweetener after fears August floods would reduce the 2010/11 crop to 3.2 million tonnes.
But Gondal said that initial estimates suggest the

ISLAMABAD - Pakistani millers oppose sugar imports from India because of fears New Delhi may dump surplus product and hurt the domestic industry, an industry official has said. Pakistan imposes no import duty on White sugar and the government in September waived a 25 percent duty on raw sugar.
This was to encourage the private sugar sector to import sugar to meet feared shortages after August flood damage reduced the 2010/11 crop to 3.2 million tonnes. But government and

KARACHI - The Sindh government has decided to recover outstanding dues of more than Rs 120 million from the influential sugar millers of Sindh and the recovered amount would be utilised for development of the respective districts.
Some 25 sugar mills owe more than Rs 120 million to the provincial government as development cess, and the mills have not paid since 2006, sources in the agriculture department revealed.
The district officers of the revenue department were recently

ISLAMABAD - The private sector can import both raw and white sugar during the current season, it has been officially learnt. According to official sources, the government has encouraged the private sector to import sugar in the current sugar season. Sources added that the private sector has opened LC's for 1, 53,000 tonnes of both white and raw sugar. It may be recalled that the 25 percent import duty on raw sugar has been removed to facilitate the private sector, while the duty on