Prime Minister Shehbaz Sharif has directed authorities to enforce the fixed retail price of sugar at Rs173 per kilogram across the country. Chairing a high-level meeting on sugar prices, the Prime Minister emphasized that the agreement between the government and the Pakistan Sugar Mills Association (PSMA) must be strictly followed. According to the agreement, the … Read more
ISLAMABAD: Finance Minister Miftah Ismail has informed the Pakistan Sugar Mills Association (PSMA) that the current government is aware of the concerns confronting Pakistan’s sugar industry and is eager to address them as soon as possible. During a meeting in the Finance Ministry on Friday, the finance minister was speaking with PSMA Chairman Chaudhry Zaka … Read more
ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has expressed its gratitude to the government for resolving their genuine issues and problems. Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a follow-up meeting with the delegation of Pakistan Sugar Mills Association at the Finance Division on Monday. The PSMA chairman thanked the … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested interprovincial trade of sugar and sugarcane to avoid shortage of the commodity in the country. FPCCI president Mian Nasser Hyatt Maggo proposed that the inter-provincial trade and transportation of sugar and sugarcane should be allowed to end disparity in the prices and … Read more
LAHORE: The Competition Commission of Pakistan on Friday imposed a hefty fine of Rs44 billion on the Pakistan Sugar Mills Association (PSMA) and 81 member mills for violations of the Competition Act 2010. The PSMA has been imposed with the maximum fixed penalty of Rs75 million each for four contraventions, amounting to a total of … Read more
KARACHI: It seems this year’s corporate result announcement season will not be fortunate for the sugar mills as increased regulation and taxes on the commodity sales would further impact the books of already depressed mill owners. Four sugar mills posted financial results for the nine-month period ended June 30, 2021 on Tuesday, which do not … Read more
Karachi: In the budget 2021-22, the Senate Standing Committee on Finance unanimously suggested that government employees’ pay be increased from 10% to 20%. Senator Taleh, the Chairman of the Senate Standing Committee on Finance and Revenues, convened a meeting on Monday at Parliament House to finalize budget recommendations for the years 2021-22. Senator Sherry Rehman … Read more
Pakistan Soap Manufacturers Association (PSMA) has urged the government to reduce Additional Custom Duty (ACD) on Palm Stearin so that a daily use item like Soap can be provided to the people on low price. The demand was unanimously made by the Soap manufacturers today at a meeting presided over by Mr. Zafar Mahmood, Chairman … Read more
