Islamabad, August 12, 2025, 03:05 PM PKT — A National Assembly panel, led by PTI’s Atif Khan, has been stunned by revelations that 14 Federal Board of Revenue (FBR) officials, allegedly complicit in the illegal release of sugar, have been suspended and are under investigation, as per a news report, exposing a major scandal. The panel sought names of sugar mill directors holding at least 20% shares from the Securities and Exchange Commission of Pakistan (SECP), following claims of Rs300 billion in windfall profits from price manipulation with dealers. The Additional Secretary of the Ministry of Industries and Production disclosed that millers and dealers raked in $440 million from exports post-deadline, fueling the price hikes.
In 2024-25, sugarcane cultivation rose 1.11%, but heatwaves and crop disease cut sugar production to 5.862 million metric tons (MMT)—down 1 MMT—with 0.5 MMT carryover stocks yielding 6.362 MMT, matching 2023-24 consumption, triggering early 2024 price surges. Despite a price cap of Rs159 per kilogram ex-mill and Rs164 retail until April 19, 2025, agreed with the Pakistan Sugar Mills Association (PSMA), non-compliance in May 2025 persisted, ignoring Ministry warnings. The FBR’s track-and-trace system, launched November 2021, failed as unstamped sugar sacks were released, with seized trucks and sales tax rising to Rs100 billion from Rs65 billion despite lower output. A special team, including intelligence officials, now monitors FBR, while the Ministry of National Food Security and Research limits imports to 200,000 tons, with stocks sufficient until November 2025. The panel will summon SECP officials and review Public Accounts Committee minutes on the Rs300 billion profit spike. Web context on sugar scandals shows recurring issues, while posts found on X reflect fury—some demand accountability, others suspect political ties. Critically, the narrative of “investigation progress” may mask deep corruption—web data hints at past cover-ups, and X sentiment suggests distrust in effective action, pointing to serious challenges.
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