- INQUIRY REPORT ON SUGAR AND WHEAT PRICE HIKES IN PAKISTAN
- Says no powerful lobby to be allowed profiteering at public expense
- Inquiry Report says Jahangir Tareen, Khusro Bakhtiar and Moonis Elahi are among the top beneficiaries of the sugar crisis that hit the country this year
- JDW Sugar Mills and JK (Colony-II), of Jahangir Tareen, exported 17.24% of their total production. Tareen’s mills availed 22.71% of the total subsidy amounting to Rs561 million
- Al-Moiz Industries and Thal Industries of Shamim Khan, exported 29.6% of their production. They availed 16.46% of the total export subsidy amounting to Rs406 million
RYK Mills, Etihad Sugar Mills and Two Star Industries of Makhdoom Omer Shehryar. Shehryar is the brother Khusro Bakhtiar. His companies
exported 31.17% of their total production. They availed 18.31% of the total subsidy amounting to Rs452 million. PML-Q leader is also a partner in the RYK Group.These three groups “availed a total subsidy of 57.49% that amounts to Rs1,419 million out of a total subsidy of Rs2,470 million
ISLAMABAD, April 5: A day after releasing an inquiry report into the sugar and wheat price hikes in Pakistan Prime Minister Imran Khan Sunday took to Twitter to call the move unprecedented in Pakistan’s history.
Imran Khan has also expressed the resolve that no powerful lobby will be able to profiteer at the expense of our public. In a tweet regarding inquiry reports on sugar and wheat crisis, the Prime Minister said he awaits detailed forensic reports now by the high-powered commission, which will come out on 25th of this month, before taking action.
I await the detailed forensic reports now by the high-powered commission, which will come out on 25 April, before taking action.
InshaAllah, after these reports come out no powerful lobby will be able to profiteer at the expense of our public,” he said in a Tweet. He said as promised preliminary reports into sudden price hikes of sugar and wheat have been released immediately without alteration and tampering.
“This is unprecedented in Pakistan’s history,” he said and added that previous political leaderships, because of their vested interests and compromises, lacked moral courage to order and release such reports.
According to an inquiry report on Saturday, PTI leader Jahangir Tareen, Federal Minister Khusro Bakhtiar and PML-Q’s Moonis Elahi are among the top beneficiaries of the sugar crisis that hit the country earlier this year.
The 32-page report was prepared by FIA Director-General Wajid Zia, based on the findings of an inquiry committee constituted by Prime Minister Imran Khan. The JDW Sugar Mills and JK (Colony-II), owned and controlled by PTI leader Jahangir Tareen, exported 17.24% of their total production.
Tareen’s mills availed 22.71% of the total subsidy amounting to Rs561 million, according to the report.
Al-Moiz Industries Limited and Thal Industries Corporation, controlled by Shamim Ahmed Khan, exported 29.6% of their production. They availed 16.46% of the total export subsidy amounting to Rs406 million.
The report then mentioned RYK Mills Limited, Etihad Sugar Mills and Two Star Industries, which are owned by Makhdoom Omer Shehryar.
Shehryar is the brother of National Food Security and Research Minister Khusro Bakhtiar. His companies exported 31.17% of their total production. They availed 18.31% of the total subsidy amounting to Rs452 million.
The report noted that PML-Q leader is also a partner in the RYK Group.
These three groups “availed a total subsidy of 57.49% that amounts to Rs1,419 million out of a total subsidy of Rs2,470 million,” the report said.
The PTI’s Humayun Akhtar said that everything in the report is still just an allegation. “Nothing has been proven yet,” he said.
PML-N leader and former Sindh governor called for punishments for PM Khan’s right hand men.
PPP Senator Sherry said NAB must take action on the basis of the report. -APP
