SECP submits Sugar Mills shareholders’ data to Subcommittee NA

• Hamza Shahbaz, Nusrat listed in Al-Arabia Mills.
• Khawaja Abdul Ghani fully holds Tando Allahyar Mills.
• Moonis Elahi, others hold ryk Mills shares.

ISLAMABAD: The Pakistani Securities and Exchange Commission (SECP) has submitted detailed records of Sugar Mills and their shareholders to a subcommittee of the Standing Committee of the National Assembly on trade, revealing extensive bets held by prominent political and business elements.

The SECP submitted the information during a meeting on September 2, according to the demand of the Subcommittee on full records of shareholders by 81 companies, as part of the investigation into the causes of rising sugar prices.

According to official documents, PML-n Hamza Shahbaz Sharif and Nusrat Shahbaz is among the shareholders of Mills Sugar Al-Arabia, while Ramzan Sugar Mills lists Hamza, Salman Hamza Sharif and Nusrat as shareholders. Punjab Sugar Mills includes Chaudhry Shujaat Hussain, Salik Hussain and others as stakeholders.

The data further shows that Ryk Mills counts PTI Moonis Elahi and Makhdoom Omar Shehryar among its shareholders. In Tando Allahyar Sugar Mills, Khawaja Abdul Ghani Majeed holds 100% of the shares. Ashraf Sugar Mills lists former Pakistani president Zaka Ashraf and others, while the Rahim Yar Khan Sugar industry includes shares owned by Mian Amer Mahmood.

Madina Sugar Mills has shareholders, such as Muhammad Rashid and Muhammad Mujtaba, while Fatima Sugar Mills include Abbas Mukhtar, Faisal Mukhtar and Fawad Mukhtar. In Ittehad Sugar Mills, Makhdoom Hashim Jawan Bakht and Makhdoom Omar Shehryar are shareholders, while Baloch Sugar Mills quotes Dost Ali Mazari and Tariq Ali Mazari.

The files also identify Chaudhry Sugar Mills shareholders, such as Abdul Aziz Abbas Sharif, Abdullah YouSuf Sharif and Sharif Trust. Meanwhile, Cheema Sugar Mills shows ownership bets held by Chaudhry Anwar Ali, Sardar Muhammad Arif Nakai and Muhammad Shafi, among others.