PM Shehbaz orders crackdown on sugar mills, dealers
Four of those injured were stated to be in a critical condition; sugar mill spokesperson says inquiry initiated
The Prime Minister Shehbaz Sharif has ordered action against sugar mills and dealers along with CCTV surveillance to prevent hoarding.
Prime Minister Shehbaz directed the Federal Board of Revenue (FBR), Federal Investigation Agency (FIA), and Intelligence Bureau (IB) to take joint action against sugar mills and dealers involved in tax evasion, undocumented sales, and price hikes in the sugar sector.
Following the Prime Minister's instructions, a notification has been issued directing FBR, FIA, and IB to ensure the prevention of sales tax evasion in the sugar industry.
He emphasised that with the sugar crushing season approaching, it is essential to collect 100% of the Goods and Services Tax (GST) from sugar mills and dealers.
The Prime Minister also decided to install cameras in sugar mills to prevent hoarding and price manipulation, Express News reported.
He warned that strict legal action would be taken against sugar mill owners involved in tax evasion and hoarding practices.
According to the Prime Minister, the cameras will monitor the production process and stockpiling of sugar, ensuring GST payments are made, and price hikes are prevented. He stated that any increase in sugar prices would not be tolerated.
Furthermore, the Prime Minister directed stern action against the sugar mafia and called for similar measures in other sectors, such as steel, cigarettes, cement, and beverages.
PM Shehbaz calls for intensified crackdown on tax evaders
Prime Minister Shehbaz Sharif on Monday directed authorities to intensify measures against tax evaders, underscoring the importance of accountability in driving economic stability.
Chairing a meeting to review the country’s economic situation, PM Shehbaz was briefed by the Ministry of Finance on recent discussions with an International Monetary Fund (IMF) delegation.
The prime minister said Pakistan is moving towards economic stability, attributing progress to government-led initiatives that have bolstered investor confidence and revitalised the stock market.
He highlighted a sharp decline in inflation, which fell from 38% to 7%, and a reduction in the interest rate from 22% to 15%, fostering business growth and creating new employment opportunities.