Prime Minister Assure the people action against those responsible for the wheat, sugar crisis

Prime Minister Imran has assured the people that action will be taken against those responsible for the wheat and sugar crisis after the detailed report of the audit report from the High Level Commission.

In a message on social networking website Twitter, he said the result of the forensic audit would be compiled by April 25.

He said that after the results came out, no powerful group (lobby) would be able to squeeze profits by bleeding public interest.

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He said that the preliminary investigative report of the sudden increase in the prices of wheat and sugar as promised did appear immediately in the history of the issue.

He further said that the tradition of self-interest and compromise prevented the political leadership of the past from the moral courage on which they could dare to issue such reports.

Sugar Crisis Investigation Report
It should be noted that the report of the committee set up to investigate the Sugar crisis in the country was presented to the public on April 4, stating that the highest benefit to the most expensive group was the export of sugar. While the export and subsidy on it caused a sugar crisis in the country.

Assistant Special Accountability Officer Shahzad Akbar said, “The prime minister’s view was that since he had promised to bring the report to the public, now it is time to fulfill the promise.

According to the document, sugar production was higher than local consumption in the years 17-2016 and 18-2017 so it was exported.

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It is pertinent to mention that the annual consumption of sugar in Pakistan is 52 million metric tons, while in the year 17-2016, the sugar production in the country was recorded 70 million 80 thousand metric tons and in the year 18-2017 it was 66 lakh 30 thousand metric tons.

However, according to the Inquiry Committee’s investigation, sugar exports in January 2019 and sugarcane production were expected to decline during the harvest of 19-2018, hence export of sugar was not justified due to which the sugar in the local market Prices increased sharply.

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The report also said that exporters benefited in two ways; first they got subsidy. Secondly, they benefited from the cost of sugar in the local market, which was Rs 55 per kg in December 2018 and Rs 71.44 in June 2019. Per kilo

The committee report set up to investigate the sugar crisis and price hike in the country is responsible for the decision to allow sugar exports in 2018 and consequently Punjab to provide subsidy of Rs 3 billion. Has been made.

How much did they benefit from
The report of the committee also names the beneficiaries of the increase in sugar exports and price hikes, according to which JDW (Jahangir Khan Tareen) benefited the most and it contributed 22% of the total subsidy. That is, it got Rs 56 crore 10 lakh.

According to the report, most of the profit came to the RY group, which is owned by Makhdoom Omar Shahriar Khan, brother of Makhdoom Khusro Bakhtiyar and he got a subsidy of 18%, ie 45 million 20 rupees.

The owners of the group include Chaudhry Munir and Monsie Elahi, followed by Shamim Ahmed Khan of Al-Aziz Group in the third position with 16 per cent ie Rs. 40.60 million.

The report states that the companies owned by Shameem Ahmed Khan exported 29.60% of the total sugar production last year and received a subsidy of Rs.40.60 million.

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According to the report, Omni Group, which has 8 sugar mills, got Rs 90 million in export subsidy last year. It is believed that the Omni group is facing money laundering case like PPP leaders.

In its report, the Investigative Committee has also taken up the important aspect that the most beneficiaries of export policy and subsidies are the political people who have a direct role in decision-making, surprisingly because of that decision and profit making. There was a sugar crisis in the country and its price went up.

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