Pakistan Revenue
Islamabad, June 10, 2024 – Pakistan has conditionally approved the export of 150,000 metric tons of sugar, following a request from the Pakistan Sugar Mills Association (PSMA). This decision aims to balance the needs of local markets while fulfilling the demands of sugar producers.
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Islamabad, March 18, 2024 – The Pakistan Sugar Mills Association (PSMA) has expressed concerns over the looming possibility of increased tariffs for Molasses exports, citing potential ramifications on both domestic production and foreign reserves.
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Islamabad, November 21, 2023 – The government, led by Dr. Gohar Ejaz, Minister of Industries and Production, dismissed the request from the Pakistan Sugar Mills Association (PSMA) to export sugar.
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ISLAMABAD: The Competition Commission of Pakistan (CCP) on Tuesday said it issued show cause notices to 84 sugar mills and their association for cartelization. The CCP said that it had issued show cause notices to Pakistan Sugar Mills Association (PSMA) and its 84 member mills on multiple instances of prima facie cartelization in violation of […]
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ISLAMABAD: Federal Board of Revenue (FBR) has launched investigation against sugar mills after detection of large scale benami transactions. A statement issued on Thursday, the FBR said that Benami Zone II, Lahore has taken up the investigation of 5 sugar mills for the verification of benami transactions. Purchasers with the largest quantities as declared by […]
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ISLAMABAD: Federal Board of Revenue (FBR) will monitor production of sugar through surveillance cameras that will be installed at sugar mills. In this regard a Memorandum of Understanding (MoU) was signed between FBR and Pakistan Sugar Mills Association (PSMA). The signing ceremony was held at FBR headquarter. Member IR Operations Dr. Muhammad Ashfaq Ahmed signed […]
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