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Cabinet refuses to ratify sugar export | The Express Tribune

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2 ہفتے ago

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ISLAMABAD:

The cabinet has deferred export of a further 100,000 tons of sugar till the start of new crushing season and directed the Ministry of Industries to bring a fresh case after taking into account all relevant parameters.

Earlier, the Economic Coordination Committee (ECC) allowed export of 100,000 tons of sugar, which was tabled before the cabinet for its nod in a recent meeting.

Sources said that the cabinet refused to ratify the ECC’s decision and directed the Industries and Production Division to refer back the case to the ECC for reconsideration in a holistic manner.

It gave directives that all relevant parameters should be taken into account including the retail prices, available stocks and domestic requirement of sugar till the start of next crushing season later this year.

Separately, the Sugar Advisory Board (SAB) held a meeting, headed by the federal minister for industries and production, on August 21, 2024, where it reviewed the sugar stock data provided by provinces and the Federal Board of Revenue (FBR) for crushing year 2023-24.

All stakeholders agreed that there was a stock of 2.773 million metric tons as on August 15, 2024 and total consumption during the last eight and a half months was 4.797 million metric tons.

It was noted that in the next three and a half months, the expected sugar offtake would follow the same pattern as was observed in the previous eight and a half months. Therefore, the consumption would stand around 1.974 million tons.

After taking into account the planned export of 0.055 million tons out of the total of 0.150 million tons and possible export of 0.040 million tons to Tajikistan, the carry-over stock for next year would be 0.704 million tons.

SAB meeting participants, after detailed deliberation, agreed that even if export of 0.10 million tons was allowed, the opening inventory for the next crop season was expected to be 0.604 million tons, which would be higher than the average one-month national consumption.

For that reason, SAB recommended an additional export of 0.10 million tons of surplus sugar with the same terms and conditions as allowed by the ECC in its decision dated June 13, 2024 with following modifications:

In view of the procedural delays encountered during the export of sugar, the period allowed for export from the date of quota allocation by the respective cane commissioner may be extended from 45 days to 60 days.

It was pointed out in an ECC meeting that export proceeds would be received in advance in the case of Afghanistan only through banking channels. However, export proceeds in the case of Letter of Credit (LC) may be allowed within a period of 60 days since the opening of LC.

During the ensuing discussion, the Industries and Production Division explained that 0.15 million tons of sugar was allowed to be exported via ECC decision dated June 13, 2024.

The ECC observed that the benchmark for sugar export should be the wholesale price instead of the retail price, which would ensure appropriate monitoring of prices.

The forum also proposed the deregulation of sugar sector, formulation of a sugar policy and proper zoning for sugarcane crops in order to cater to the requirement of the country.

The Ministry of Planning, Development and Special Initiatives added that the Pakistan Bureau of Statistics’ (PBS) dashboard provided both wholesale and retail prices on a daily basis, which would help monitor the prices effectively.

The ECC was informed that ex-mill prices were not an indicator of price trends in the market as reportedly the sugar mills involved in price manipulation had investors who hoarded stocks outside the mills in separate warehouses.

The ECC directed the Industries and Production Division to ensure daily monitoring and review sugar stocks and prices. In case any spike in prices was noted, action should be taken against the violators forthwith.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

9 گھنٹے ago

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ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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10 گھنٹے ago

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ستمبر 20, 2024

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

11 گھنٹے ago

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ستمبر 20, 2024

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

 

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Gold prices reach historic high in Pakistan – Pakistan Observer

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12 گھنٹے ago

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