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Articles for tag: deal, fully, Government, IMF, June, liberalize, sector, Sugar

January 8, 2026

News Desk

Government to ‘fully liberalize sugar sector by June 2026’ under IMF deal

Crystalline white sugar and sugar cubes are seen in this picture taken on December 16, 2018. — Reuters The government will remove price controls on sugar and cane. Restrictions on the creation of new sugar mills are removed. To remove zonal restrictions on sugarcane cultivation. Islamabad: Pakistan has committed to the International Monetary Fund to fully liberalize its sugar industry by the end of June 2026, ending long-standing government oversight of prices, production and trade, The News it said on Thursday, citing sources. The move aims to hand over the entire sugar economy, from farms to mills and markets, to

January 4, 2026

News Desk

Sugar mills produce 1.36 million tons

The Commissioner attributes the improved performance to strict enforcement of laws and regulations Islamabad: Punjab’s sugar mills produced 1.36 million metric tonnes of sugar during the first 45 days of the ongoing crushing season, and the 41 operational mills in the province processed a total of 15.06 million metric tonnes of cane till December 31, 2025. According to data obtained by Wealth Pakistan from the office of sugarcane commissioner Punjab, the average sugar recovery rate during the first 45 days of crushing improved to 9.43%, from 9.01% recorded in the same period last year. The improvement is attributed to better

December 28, 2025

News Desk

Sugar recovery improves as temperatures drop

Islamabad: Punjab has seen a marked improvement in sugar recovery as the ongoing crushing season intensifies, with falling temperatures contributing to higher cane sucrose levels in major production areas of the province. The improvement provided relief to sugar mills and supported higher overall sugar production during the current period. Sugar recovery in several areas has reached around 10%, reflecting better cane quality and improved processing results. Falling overnight temperatures have played a key role in enhancing sucrose accumulation in sugarcane, particularly in the southern districts of Punjab, where weather conditions have become more favorable for the crop. Speaking to Wealth

November 29, 2025

News Desk

Sugar mills face KKK action for alleged collusion

Islamabad: The Competition Commission of Pakistan (CCP) has issued show-cause notices to 10 sugar mills in Punjab for colluding in connection with the commencement of the crushing season and fixing the supply price of sugarcane at Rs 400 per maund. A CCP review found that representatives of these mills held a meeting on November 10, 2025, where they decided to start crushing on November 28, instead of the date officially notified by the Punjab Sugarcane Commissioner of November 15. The meeting was chaired by the Resident Director of Fatima Sugar Mills and attended by representatives of Sheikhoo Sugar Mills, Thal

November 10, 2025

News Desk

Sugar cargo delay causes port congestion

Islamabad: The slowdown in the handling of sugar imports by the Trading Corporation of Pakistan (TCP) has led to a delay in the unloading of goods from other sectors at Port Qasim, causing huge cost of decontamination. Sources told The Express Tribune that Port Qasim had the capacity to offload 4,500 metric tonnes of sugar but it was not being fully utilised, which delayed the offloading of other commodities. They said the private sector had filed a complaint against the TCP that they were forced to pay huge compensation charges due to slow unloading of sugar. TCP officials informed a

October 9, 2025

News Desk

Court for repetition of sugar cartel case

Islamabad: Sugar Miller is again under control for the tab, as the Supreme Court sent the case back to the CAT Secondary Court (CAT) for new proceedings. Earlier, Millers appealed to the Pakistan Supreme Court against the Cat. The Supreme Court sent the long -term sugar cartel case back to the appellate court, directing it to decide the matter again after giving it all the full right to listen. The decision came from the appeals submitted by the Pakistani Association Sugar Mills (PSMA) and others against a Cat crisis that had canceled the Pakistani Competition Committee (CCP), the use of

September 5, 2025

News Desk

SECP submits Sugar Mills shareholders’ data to Subcommittee NA

The ruthless image shows a worker who carries a refined sugar bag. -App/file 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

August 2, 2025

News Desk

Gas, sugar and footwear drive annual spi higher

Listen to the article Karachi: The sensitive price index (SPI) recorded a 1.98% increase for the week ending the week ending July 31, 2025, reflecting mixed trends in basic products. Remarkable price increases were observed in natural gas, sugar, pulses, beef and vegetables, while non -foods such as ladies’ sandals recorded the largest increase of 55.62%. On the basis, natural gas charges for the first trimester increased by 29.85%, 21.66%sugar, Moong pulse 14.27%, beef 14.16%, 2.5kg GHEE vegetables 12.33%, 1kg of ghee 11.95%, firewood 11.75%, GUR 11.23%, 10.94%. On the contrary, there was a large decrease in onion prices (-49.32%),

August 2, 2025

News Desk

Govt orders the introduction of 200,000 metric tonnes of sugar: Ministry

A person can see sugar in a plastic shopping bag during packaging. – AFP/file The Ministry of National Food Security on Saturday confirmed that it has been ordered to introduce 200,000 metric tonnes of sugar to stabilize domestic prices and to provide consumers’ relief. According to the ministry spokesman, this step was taken to ensure the availability of sugar on the market and prevent artificial price increases. The spokesman added that sugar is introduced by the government and the procurement process has entered the final phase after opening the bids. The first imported sugar is expected to arrive in early

July 27, 2025

News Desk

Sugar Mills Face Govt Crackdown After failing to honor prices

The ruthless image shows a worker who carries a refined sugar bag. -App/file PSMA, Govt Inked Agreement to secure the price of former Mill of RS165 per kilo. Artificial shortage created after some sugar mills to stop their sales. Offenders to face legal actions in coordination with FBR: Minister. ISLAMABAD: The Pakistan Sugar Association (PSMA), despite the fact that it recently agreed to cover the price of former kilometer sugar in RS165 per kilogram, failed to honor the agreement-bypassing a rigorous warning from the government, The news reported on Wednesday. The Federal Minister of National Food and Research, Rana Tanveer

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