Subsidy of Rs29b given to sugar industry in last five years: Shahzad Akbar
ISLAMABAD (92 News) – Special Assistant on Accountability Shahzad Akbar has said that a subsidy of 29 billion rupees was given to sugar industry in last five years in contrary to the subsidy of just Rs2.4 billion by the PTI-led Punjab government.
Speaking at a news conference, the special assistant said that former prime minister Shahid Khaqan Abbasi awarded a subsidy of Rs20 billion out of Rs26 billion on sugar in last five years. “Khaqan Abbasi appeared before the inquiry commission like a Tarzan, but failed to respond.”
Shahzad Akbar said previously the sugar mafia expanded with the support of corrupt governments, but this time, they are caught red handed in Prime Minister Imran Khan’s government.
Shahzad Akbar said publishing an inquiry report of the sugar scandal is a big step and it will further facilitate the process of accountability in the country. “No government dared to take such a step earlier,” he added.
In one year only, as heavy loss as Rs 300 Billion was injected to the government exchequer. Salman Shahbaz the son of PML-N President Shehbaz Sharif was the main beneficiary of the subsidy given by Shahid Khaqan Abbasi who claims himself a genius.
The special assistant mentioned that PTI-led federal government has never given any kind of subsidy and only allowed export of surplus sugar. He said that previous government of Pakistan Muslim League-N granted 26.6 billion rupees. He said former Prime Minister Shahid Khaqan Abbasi, alone, had given a subsidy of 20 billion rupees on the influence of Salman Shahbaz.
Shahzad Akbar said Sindh Government run by PPP was too not far behind in granting subsidy to the sugar cartels. He said Sindh government granted a subsidy of 4.12 billion rupees of which Omni Group was the biggest beneficiary.
Shahzad Akbar further mentioned that opposition parties, especially spokespersons of PML-N are misinterpreting the sugar inquiry report, who need to study the lengthy document again.
He said sugar report has given comprehensive findings and found regulator guilty of not checking the wrong doings in export of sugar and granting subsidy without calculating cost of production and due diligence.
Shahzad Akbar maintained that Prime Minister Imran Khan has fulfilled his promise by constituting the sugar commission and making its report public.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔