Tuesday, August 05 2025

Sugar mills seek hearing delay
The Competition Commission of Pakistan (CCP) has postponed hearings in the sugar cartelisation case involving 79 sugar mills and the Pakistan Sugar Mills Association (PSMA) after a request was made citing the unavailability of legal counsel due to the Supreme Court’s summer recess. The PSMA and its member mills sought rescheduling of the rehearing originally slated for Aug 4-7, arguing that their legal representatives were on leave. The CCP has now fixed the hearings for Sept 22-25, allowing a one-time adjournment in line with directions from the Competition Appellate Tribunal (CAT), which had earlier instructed the CCP to hold day-to-day proceedings. In a statement, the CCP made it clear that no further delays would be entertained, warning that repeated adjournment requests or non-appearance may result in ex-parte proceedings.
Related news categories: business economic-indicators misc sugar

Pakistan issues another tender to buy 0.1m tonnes of sugar, traders say
The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 tonnes of white refined sugar, European traders said on Monday. The quantity is double the earlier procurement target of 50,000 tonnes. The deadline for submission of price offers is August 11. The announcement is believed to indicate that Pakistan will make no purchase in its previous tender for 100,000 tonnes of sugar on July 31, traders said. On July 8, Pakistan’s government had approved plans to import 500,000 tonnes of sugar to help maintain price stability. Market analysts said that retail sugar prices in the country have risen sharply since January.
Related news categories: business economic-indicators misc sugar

Wednesday, July 30 2025

PAC irked by murky sugar mills affair
Amid a hike in sugar price, the Public Accounts Committee was informed on Tuesday that the sugar mills have earned Rs300 billion due to recent fluctuations in the rates of the essential commodity. The Auditor General of Pakistan made these revelations during the meeting of the apex parliamentary panel, which convened the high-stakes session to review the sugar import and export policy, rising prices, and the lack of transparency in the sugar industry. The PAC met under the chairmanship of Junaid Akbar Khan and it was briefed by Industries and Production Secretary Saif Anjum, who stated that price regulation and relevant laws fell under provincial jurisdictions. He revealed that from 2013 to 2023, the Economic Coordination Committee (ECC) permitted sugar exports amounting to 5.09 million metric tonnes, of which 3.927 million tonnes were actually exported. In 2023-24 alone, the country had a surplus of 1.3 million tonnes, and 790,000 tonnes were cleared for export, the secretary said, adding that the price remained “stable”.
Related news categories: business economic-indicators misc sugar

Sugar stock monitoring to curb price hike
Amid a persistent surge in sugar prices, the government on Monday decided to enforce strict monitoring of sugar stocks and deploy officials at each sugar mill to oversee inventory levels and ensure uninterrupted supply in line with commitments made by the Pakistan Sugar Mills Association (PSMA). The move comes as part of broader efforts to curb hoarding and restore market stability. A grievance redressal committee has also been established to improve coordination and resolve disputes. At the same time, a dedicated WhatsApp group will be created for real-time communication between government officials and mill representatives. The decision was taken during a meeting chaired by Minister for National Food Security Rana Tan­v­eer Hussain, who met with representatives of the PSMA and other stakeholders from across the provinces to assess the current sugar supply situation.
Related news categories: business economic-indicators misc sugar

Tuesday, July 29 2025

Sugar stock monitoring to curb price hike
Amid a persistent surge in sugar prices, the government on Monday decided to enforce strict monitoring of sugar stocks and deploy officials at each sugar mill to oversee inventory levels and ensure uninterrupted supply in line with commitments made by the Pakistan Sugar Mills Association (PSMA). The move comes as part of broader efforts to curb hoarding and restore market stability. A grievance redressal committee has also been established to improve coordination and resolve disputes. At the same time, a dedicated WhatsApp group will be created for real-time communication between government officials and mill representatives. The decision was taken during a meeting chaired by Minister for National Food Security Rana Tan­v­eer Hussain, who met with representatives of the PSMA and other stakeholders from across the provinces to assess the current sugar supply situation.
Related news categories: business economic-indicators misc sugar