Public Accounts Committee sees bitterness in sugar sector
• Expresses alarm over mismanagement, loan defaults, widespread irregularities
• Secretary claims production declined despite increase in cultivation area; no buffer stock exists
• Minister warns mills, says hoarding won’t be tolerated; crackdown underway
ISLAMABAD: As a nationwide crackdown on sugar hoarders is underway, the Public Accounts Committee (PAC) has raised serious concerns over mismanagement in the sugar sector, loan defaults by mills, and large-scale irregularities involving public institutions.
During its sitting on Wednesday, National Food Security Secretary Amir Mohyuddin revealed that although the area under sugarcane cultivation increased this year, overall production had declined compared to the previous year.
Out of 82 registered sugar mills, only 79 participated in the crushing season, which typically begins in........
© Dawn Business
