Sugar mills mafia blackmailing Government and farmers: PEW

News Image

MG News | November 21, 2017 at 05:00 PM GMT+05:00

0:00

The Pakistan Economy Watch (PEW) has demanded stern action against sugar mills mafia which is blackmailing the Government, hurting consumers and crushing farmers.

Sugar mills have stopped the supply of the commodity in Karachi and some other places to force the government to increase the export subsidy to make extra money, it said.

The prices of sugar have artificially been hiked benefiting the mafia controlling the supply of the product in the country on the cost of masses, said Dr. Murtaza Mughal, President PEW.

He said that why politicians and other influential are allowed to set up sugar mills if the national production is already surplus and costly enough to be exported.

The same mafia has stopped payment to sugarcane farmers in different areas of the country making life difficult for them, he added.

Continued exploitation of sugarcane growers has disappointed them that can result in serious issues in the country, therefore, authorities should take corrective measures.

He said that growers disappointed by the attitude of the owners of the sugar mills and lack of action by the federal and provincial governments are switching to other crops.

Dr. Murtaza Mughal said that growers are not getting notified price while delayed payments, exploitation by middlemen, and weight assessment problems has left cultivators in a lurch.

Payments are delayed to farmers to push them to sell their products to the agents of millers on throwaway prices.

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,975.00 120,695.00
119,845.00
-260.00
-0.22%
BRENT CRUDE 69.04 69.17
68.98
-0.17
-0.25%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.77 66.99
66.70
-0.21
-0.31%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg