The World Bank and Pakistan’s Federal Board of Revenue (FBR) have analysed the tax gap of three powerful sectors — sugar, cement and steel — and estimated that tax collection could go up by PKR100 billion -150 billion (US$636 million-954 million) on per annum basis with realisation of true potential.
Pakistan – 2019/20 sugar output to drop by 5% as cane growers switch to cotton and corn [Full subscriber]
Sugar production in the forthcoming 2019/20 (Oct-Sept) campaign is forecast to drop by 5% to 5.2 million tonnes as some farmers switch to cotton and corn due to delays in cane payments by millers, according to the latest USDA attaché report. In 2017/18, sugar production peaked to 7.2 million tonnes.
The Chinese government has offered Pakistan market access for three commodities — rice, sugar and yarn — worth $1 billion for the current fiscal year, according to Abdul Razaq Dawood an Advisor to Prime Minister on Commerce.
In a bid to drive the competitiveness of the cane sugar in the country, the government is refusing any subsidies for the sugar industry
Pakistan – Supreme Court orders sugar mills in Sindh to install wastewater treatment plants [Full subscriber]
The Supreme Court-mandated commission on water and sanitation in Sindh has directed sugar mills to install in-house effluent treatment plants to stop polluting the waterways and environment in rural areas before the crushing season 2019-20 begins.
The federal government’s Economic Coordination Committee (ECC) approved on 4th December an increase in sugar export quota by 100,000 tons to 1.1 million tonnes, according to local press reports.
Pakistan’s Economic Coordination Committee (ECC) on 3rd October approved 1 million tonnes of sugar exports for the 2018-19 (November-December) season, without any subsidies for freight or other financial support to the mills by either the Federal or Provincial Governments, according to local press reports.
The National Electric Power Regulatory Authority (NEPRA) has granted power generation licenses to four companies of which two are sugar companies, according to local press reports. The sugar companies are […]
Pakistan’s sugar exports hit a new peak of 1.359 million tonnes fetching US$474 million during the first eleven months (July-May) of the financial year 2017-18 compared with 302,268 tonnes earning $158m over the same period last year.
Pakistan – NEPRA rejects a plea from the national grid to reduce tariff for bagasse-based power [Full subscriber]
The Central Power Purchasing Agency (CPPA) plea to reduce tariff for electricity purchased from sugar mills has been rejected by National Electric Power Regulatory Authority (NEPRA) on 18th April, according to local press reports.