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    US submarine sinks Iranian warship near Sri Lankan island, 87 dead bodies recovered, 32 critically wounded

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    Israel strikes Iran nuclear facilities, killing top military officials and scientists

    Civilian deaths in Iran pass 700 amid fear of bombs and regime clampdown

    Dubai Airports resuming ‘limited’ flights after three-day closure

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    NEPRA hikes power tariff by Rs1.63 per unit for January

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Home BUSINESS

PML-N issued the largest sugar subsidies

Web Desk by Web Desk
in BUSINESS, PAKISTAN
Reading Time: 3 mins read
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PM’s aide on accountability, Shahzad Akbar, on Wednesday said the lion’s share of sugar subsidies were given during former premier Shahid Khaqan Abbasi’s tenure.

Akbar revealed that over the last five years most of the sugar subsidies were given during the PML-N rule.

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He claimed that new revelations had come to light regarding the sugar report, Akbar said Rs29bn worth of subsidies were given over the past five years.

He added that only Rs2.4bn offered by the Punjab government during the incumbent PTI government’s tenure.

“In PML-N’s tenure, more than Rs26 billion worth of subsidies were given,” he said.

Terming it a criminal act, he added that permission to export 400,000 tonnes of sugar was given in March 2017.

“Former PM Shahid Khaqan Abbasi gave Rs20 billion worth of subsidies. Shahid Khaqan Abbasi considered himself to be Laiq-e-Azam [the most competent person],” he said, adding that the PML-N leader headed the Economic Coordination Committee (ECC) at the time.

The report from the sugar probing commission was presented in the federal cabinet, which decided to make it public.

Common people and farmers bore the brunt of fluctuations in sugar prices while the investors profited, he added.

PM Imran, he underlined, had formed a commission to probe the fluctuation in sugar prices and the consequent report was made public as soon as it was received.

“Audit matters have been reviewed in the report,” he noted, adding that a very important portion in it was the amount of subsidy given by PML-N and specifically by Abbasi.

Subsidies were given due to “mismanagement in determining the production prices”, he said.

“Salman Shehbaz was the facilitator of the sugar subsidies,” Akbar claimed, adding that PML-N President Shehbaz Sharif had said there was no link between the subsidies and his son Salman’s businesses.

“Shehbaz Sharif has isolated himself. The case of TTs against him is in its final stages. Once it is finalised, he will have to answer in court,” he said, referring to an ongoing probe into telegraphic transfers (TTs) tracing back to the former chief minister of Punjab.

“How was Shehbaz Sharif able to purchase expensive homes for his wives in housing societies? These expenses were carried out through kickbacks and fake accounts.

“Shehbaz Sharif will have to face the courts once the TT case is finalised,” Akbar reiterated.

Looping in the government of Sindh, he said the leadership gave the most benefit to Omni Group through subsidies, which had been opposed by the provincial cabinet.

“The chief minister of Punjab appeared in front of the sugar inquiry commission but the chief minister of Sindh did not,” he said. “The [PTI] government will take homogeneous action against our party and others” named in the report.

Web Desk

Web Desk

Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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