He, however, said cases had been filed in the
relevant court of law against 25 sugar mills on charge of their failure
in start of crushing season.
The cases against these mills have been filed under
section 8 r/w 2 (H) Sindh Sugar Factories Control Act 1950, punishable
under section 21 (A) of the same act, Siddique added.
These sugar mills are: Al-Abbas Sugar Mill; Fauji
Sugar Mill, Tando Muhammed Khan; Larr Sugar Mill; Sindh Abadgar Sugar
Mill; Sanghar Sugar Mill; Al-Asif Sugar Mill; Tharparkar Sugar Mill;
Fauji Sugar Mill, Khoski; Habib Sugar Mill; Al-Noor Sugar Mill; Ansari
Sugar Mill; Army Welfare Sugar Mill; Bawani Sugar Mill; Digri Sugar
Mill; Dewan Sugar Mill; Faran Sugar Mill; Khairpur Sugar Mill; Larkana
Sugar Mill; Mirza Sugar Mill; Mirpurkhas Sugar Mill; Pangrio Sugar Mill;
Sakrand Sugar Mill; Seri Sugar Mill; and Shah Murad Sugar Mill.
Though the managements of eight sugar mills have
intimated to start crushing on December 10, but cases were also filed
IMF WANTS NEW GOVT TO STABILIZE REFORMS
The continuation of reforms by the new government is
essential for Pakistan's growth and poverty reduction objectives,
believes the IMF.
According to official sources, the IMF has linked its
assistance with the continuation of broad economic and financial agenda
introduced by President Musharraf's government three years ago.
The Fund officials were expecting from Prime Minister
Mir Zafarullah Khan Jamali's government to further stabilize the process
of reforms by deepening essential reforms specially in the field of
banking sector, privatization, state enterprises and fiscal
Sources said that the Fund officials presumed that
conditionalities attached with three years $1.3 billion Poverty
Reduction Growth Facility (PRGF), including gradual increase in the
prices of various utilities, will be implemented by the new political
GOVT ORDERS CANE CRUSHING
The government has asked sugar mill owners
particularly in Sindh to immediately make full use of their mills to
start the crushing season.
Official sources told that the directive was issued
by Minister for Industries and Production Liaqat Ali Khan Jatoi.
The sources said that the minister was informed at a
meeting that crushing season has been delayed in Sindh by the sugar mill
owners, which was creating a lot of hardships for the growers. The
growers were not only getting depressed sugar rates but were also losing
in weight as the sugarcane was drying out.
The sugar mill owners have been demanding levy of
regulatory duty on imported sugar but the finance ministry had refused
to entertain the demand for the fact that crushing season was not in
full swing and that there were no reports of sugar import.
AUTO SECTOR OUTPUT, SALES JUMP
The entire auto sector showed an impressive
performance in October 2002, marked by rising sales of cars by 33 per
cent and bikes 55 per cent, followed by increase in sales of trucks,
buses and light commercial vehicles (LCVs) by 141, 124 and 36 per cent,
Only tractor segment was the exception as the combine
sales plunged by 12 per cent due to decline in Millat (MF) tractors
sales, otherwise sales of Al-Ghazi had improved by 7.1 per cent in
October as compared to same month of last year.
Data released by Pakistan Automotive Manufacturers
Association (PAMA) showed car sales of 4,626 units in October as
compared to 3,485 units in same month of 2001. Production jumped by 49
per cent to 4,672 units from 3,138 units. A 30-per cent increase was
witnessed in production of car during July-October 2002 to 17,417 units
from 13,384 units in four months of 2001. Sales went up by 24 per cent
to 17,351 units from 13,970 units.
JOBLESS, POVERTY MAY TOP AGENDA
Rising unemployment and growing poverty in the
country are expected to be the dominating issues of the first cabinet
meeting of the multi parties coalition government led by Prime Minister
Mir Zafarullah Khan Jamali.
No firm date for the meeting has been indicated, but
business leaders claiming to be in touch with relevant people in
Islamabad, expect the 21-member cabinet to meet sometimes in first week
With more than 12 million men and women unemployed
and almost 50 million people living below the poverty line in the
country, the cabinet is expected to hear from Shaukat Aziz, the former
finance minister and now adviser to the Prime Minister on finance,
revenue and economic affairs, the long and short term strategy to combat
this twin menace.
PHARMA COS IN PURSUIT OF CONSOLIDATION
While Glaxo Wellcome is in the throes of amalgamation
of business with Smith Kline & French and Beecham Pakistan, Abbott
Laboratories (Pakistan) Limited has unveiled plans of expansion ,
extension and upgradation of operations at a cost of Rs330 million. The
plan is expected to be completed by 2004.
The Board of directors of Abbott Pakistan, decided to
consolidate the two manufacturing facilities now owned by Abbott,
following the merger of former Knoll Pharmaceutical Limited with Abbott