LAHORE: The talks between the Punjab government and the Pakistan Sugar Mills Association have remained successful, and the PSMA will start crushing season from Nov 15.
Sources said here Thursday the government would issue no-objection certificates (NOCs) to the mills, which would be able to get bank loans. The sugarcane support price has been fixed at 225 per maund. Sources said the FIA and the FBR cases against mills would be settled through consultation and the crackdown on mills owners and management would be stopped.
Sources said the Punjab cane commissioner would not interfere in mills affairs unnecessarily; however, payment to farmers would be ensured at all costs. PSMA Central Chairman Chaudhry Zaka Ashraf, along with the mills owners, is likely to announce the start of sugarcane crushing season from Nov 15 on Friday (today).
On the instructions of Prime Minister Imran Khan, an eight-member committee has been formed under Advisor on Finance Shaukat Tarin to fulfil demands of the sugar mills. Four federal secretaries and as many federal ministers will be members of the committee, which will review all the FIA and FBR cases against sugar mills.
Sugar mills association representatives will provide the press with details of the agreement with the government at a local hotel here on Friday, and a federal minister will also be attending the joint press conference.
According to details, son of prominent businessman Mir Nooroz Badini, died at CMH hospital in Quetta
Situation worsened in March when US government imposed new restrictions affecting even Green Card holders
This landmark initiative is expected to play significant role in enhancing industrial relations in Pakistan
Chairman NAB distributed cheques among more than 500 affected of four housing schemes in Rawalpindi and Islamabad
Nawabshah reached that scorching mark back in April 2018 and could do it again this week
Long history of clashes has pushed many residents to build bunkers for shelter should their homes be caught in crossfire
