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ECC’s decision to give Punjab sugar mills Rs7b subsidy flayed

byCT Report
16/01/2016
in Business
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ISLAMABAD: The government’s decision to give Punjab sugar mills a massive subsidy has been severely criticised by the Opposition.

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Pakistan People’s Party (PPP) leader Senator Saleem Mandviwalla criticised the Economic Coordination Committee’s decision to provide Rs 7 billion subsidy to only Punjab-based sugar mills.

In a statement issued here, the PPP leader said the ECC’s decision was a bad example of favouritism. Senator Mandviwalla said the ECC denied to provide subsidy to the Sindh-based sugar mills which showed high level nepotism.

Finance Minister Ishaq Dar has converted a very high level economic platform of ECC into a political one, he said and claimed, Dar was using ECC for political gains. He said that ECC has made a political decision to provide Rs 7 billion to only those sugar mills who had given Rs 180 per 40 kg to the farmers to single out the Sindh base sugar mills.

The Senator said the federal government was trying to give benefit to its favourites, which will give a bad message to other provinces. He said it was illegal to provide cash support to only Punjab based sugar mills at the cost of national exchequer.

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