ISLAMABAD: Prime Minister Shehbaz Sharif has asked officials to take steps to increase revenue collection from the sugar industry and to end hoarding of the commodity, Sharif’s office said on Saturday.
The prime minister issued the directives at a meeting he presided over in Lahore to review the implementation of a strategy to improve revenue collection.
Sugar remains one of the largest consumed food commodities in the South Asian country and is used in large amounts in food processing, beverages, and bakery items.
Owing to its huge demand, the government sets its procurement prices while the sugar industry is protected by a 40 percent import tariff to ensure prices remain stable.
“Revenue collection will improve after the installation of video analytics in the sugar industry,” Sharif was quoted as saying by his office. “These reforms will end sugar hoarding and help balance prices.”
The prime minister said the government was making all efforts to ensure the supply of sugar at affordable prices.
“Regular monitoring of sugar stocks should be carried out so that the sugar supply chain is not affected,” he instructed officials, calling for strict and indiscriminate action against sugar mills that were evading taxes.
Over the decades, Pakistan has failed to generate tax revenues in higher amounts due to a narrow tax base, low compliance rate, an inefficient tax administration and massive tax evasion.
The South Asian country has set an ambitious target of collecting $46 billion through taxes this financial year (July 2024 till June 2025), amid efforts to revive its fragile $350 billion economy.
Pakistan PM directs measures to increase sugar industry revenues, end hoarding
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Pakistan PM directs measures to increase sugar industry revenues, end hoarding
- Sugar remains one of the largest consumed food commodities in the South Asian country
- PM Sharif says government making efforts to ensure supply of sugar at affordable prices
Pakistan, seven Muslim nations back Palestinian technocratic body, stress Gaza-West Bank unity
- The National Committee for the Administration of the Gaza Strip was announced on January 14
- Muslim nations call for consolidation of the ceasefire and unimpeded humanitarian aid into Gaza
ISLAMABAD: Pakistan and seven other Muslim-majority countries on Thursday welcomed the formation of a temporary Palestinian technocratic body to administer Gaza, stressing that it must manage daily civilian affairs while preserving the institutional and territorial link between the Gaza Strip and the West Bank amid the ongoing peace efforts.
In a joint statement, the foreign ministers of Pakistan, Egypt, Jordan, Saudi Arabia, Qatar, Türkiye, Indonesia and the United Arab Emirates said the newly announced National Committee for the Administration of the Gaza Strip would play a central role during the second phase of a broader peace plan aimed at ending the war and paving the way for Palestinian self-governance.
“The Ministers emphasize the importance of the National Committee commencing its duties in managing the day-to-day affairs of the people of Gaza, while preserving the institutional and territorial link between the West Bank and the Gaza Strip, ensuring the unity of Gaza, and rejecting any attempts to divide it,” the statement said.
The committee, announced on Jan. 14, is a temporary transitional body established under United Nations Security Council Resolution 2803 and is to operate in coordination with the Palestinian Authority, the ministers said.
The statement said the move forms part of the second phase of US President Donald Trump’s Comprehensive Peace Plan for Gaza, which the ministers said they supported, praising Trump’s efforts to end the war, ensure the withdrawal of Israeli forces and prevent the annexation of the occupied West Bank.
The top leaders of all eight Muslim countries attended a meeting with Trump in New York last September, shortly before he unveiled the Gaza peace plan.
The ministers also called for the consolidation of the ceasefire, unimpeded humanitarian aid into Gaza, early recovery and reconstruction and the eventual return of the Palestinian Authority to administer the territory, leading to a just and sustainable peace based on UN resolutions and a two-state solution on pre-1967 lines with East Jerusalem as the Palestinian capital.
