Sugar factories start submitting cases to cane commissioner – Pakistan
LAHORE: Following instructions from the Lahore High Court (LHC) to the State Bank of Pakistan (SBP) to ensure data sharing with the Punjab Cane Commissioner on accounts of sugar mills and payments made to growers through the banks, the sugar mills have started submitting their sale/purchase and payment records to the office of the Cane Commissioner Punjab.
The Office of the Cane Commissioner has made unsuccessful attempts in recent months to obtain a record of the purchase of the cane to see if growers are receiving their dues in accordance with the Punjab Sugar Mills Act 1950. (control).
The law obliges the mills to pay the producers through the banks within 15 days of the purchase of the sugar cane.
Mills are also required to submit sale/purchase data to the Cane Commissariat. However, the millers have been reluctant to share details. It is worth mentioning that the new Punjab cane commissioner, Hussain Bahadur Ali Shah, told the Shahid Jamil Khan court that most factories do not provide data regarding accounts with banks and payments to growers. , which is not the case. supplied by most mills except three mills.
According to the Punjab Sugar Mills (Control) Act 1950, sugar mills are required to pay growers through the bank within 15 days of purchasing the cane. Mills are also required to submit sale/purchase data to the Cane Commissariat. On the court’s instructions, the PSMA and the State Bank joined the process of slicing the system to make payments to producers through the banks.
However, the office of the cane commissioner expressed their inability to collect data from each bank due to its volume across Punjab.
In this regard, the State Bank of Pakistan (SBP) has been instructed by the learned court to obtain this data from all the banks and forward it to Commissioner Cane, Punjab. The data includes producer accounts as well as payments against Cane Purchase Receipt (CPR).
After these instructions from the court, the Punjab Cane Commissioner’s Office also wrote a letter recently to the State Bank of Pakistan (SBP) to provide data on growers’ accounts along with payments against the receipt of Cane Purchasing (CPR) so that it can regulate the sugar business accordingly and ensure that payments are made to growers within the time limits set by law.
During the contact, he was told by the Punjab Cane Commissioner’s Office sources that the sugar mills have started submitting their data. However, no specific figures were given by the office of the cane commissioner, saying that the numbers are increasing day by day.
Copyright Business Recorder, 2022