Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Sugar mills to pay cane growers via banks in Punjab

byCT Report
09/10/2020
in Breaking News, Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: The government of Punjab has mandated the sugar millers to carry out their transactions to sugarcane growers via banks.

Apparently, in its bid to control the sugar crisis and exploitation of sugarcane farmers, the provincial government has amended the Sugar Factories Control Act 1950 to necessitate the recorded transactions.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

The Cane Commissioner of Punjab administration has advised the cane growers to open their bank accounts in the local banks near the mills to ensure swift transactions.

With transactions made via banks, the growers shall have the protection from millers’ alleged exploitation, the cane commissioner noted.

He said that with banks arbitrating the transactions between the dealings of growers and millers, the issues such as the middlemen will be avoidable.

It is pertinent to note that the above development followed relevant new revelations, which emerged in the sugar mills scandal as the Anti Corruption Establishment divulged sugar mills across Punjab have evaded billions in payables.

According to the details, sugarcane farmers listed a plethora of complaints against the exploitation by sugar millers to the Director-General Anti Corruption Gohar Nafees, who is heading the investigations.

While the Punjab Cane Commissioner data apprised the DG of about Rs1 billion in payables by the sugar mill owners, DG ACE Nafees said that according to registered complaints of the farmers, the mill owners were liable to payables of Rs3 billion.

The anti-corruption official said that the millers were ones to persecute and exploit the farmers as they deducted illegally from the payables and paid farmers less than their share.

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

PIA's iconic Roosevelt Hotel to close its doors 'permanently' from October 31

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.