- FBR officials were kept in the Sugar Mills campus.
- After the action, the prices of sugar increased from Rs.185 to Rs 165.
- PM is closely ignoring the Chinese area.
Islamabad: Prime Minister Shahbaz Sharif on Sunday authorized the Federal Board of Revenue (FBR), Federal Investigation Agency (FIA), and Intelligence Bureau (IB) to take strict action against the Chinese players, accusing Rs 140 billion rupees in unjust profits within a short period. Reports Informed
As part of a two-dimensional strategy, the government has deployed FBR and intelligence officials to the Sugar Mills campus to monitor operations and illegal activities. Officials have also collected significant financial data to highlight irregularities and misconducts within the industry.
During the three -month crushed season, the government was able to identify the hoarders’ identity, speculative (betting) members of Chinese mafia and the identity of various mill owners involved in the manipulation of sugar production, stock and its price.
Under a well-conceived strategy, as a first step based on the data available about the purchase, to lift the sugar, with mills, especially with the remaining stock of the dealer, as well as their personally maintained bank accounts or servants, through the payment made through fake accounts made in the name of bank accounts or servants, the government has a clear visibility of fake buyers and transferred to the blessings.
This has enabled the government to initiate criminal proceedings under adequate money laundering laws, anti-benami act, tax-growth and anti-human laws which is a cognitive offense.
The nationwide unlikely operation against most of the political power sugar lobbies has sent a strong message to the Chinese hoarders and “speculative mafia” that the government does not leave anyone in any mood despite political affiliation and powerful situation. Shahbaz himself is monitoring action against the Chinese region.
In the second phase of the strategy, if the market forces remain unanswered, based on the undisputed evidence, the government is directly considering a rift on millers involved in misconducts and is involved in the convenience of wrongdoings by hiding shares in its mills and receiving payment through fake and benami bank accounts.
As a result of the first phase of the strategy, the immediate below trend in sugar prices has been observed. It is advisable to mention that the price of sugar in Lahore and surrounding areas was about 175–185/kg on 13 March, before the rift; However, the price fell by 16 March.
Earlier, a trend of inflation was observed in sugar prices. It can be added that at the beginning of the crushed season, on November 22, 2025, the national average sugar was priced at Rs. 137/kg, which increased to Rs.173/kg on 14 March.
The quetta value of Lahore, Karachi, Faisalabad, Peshawar and sugar reached Rs 180-185 in major urban centers.
The speculative mafia was speculated that the price of sugar would increase to Rs 200 in the next few months and will reach Rs 220 by the end of the season in November 2025.
Due to the trend of inflation, investors and dealers were investing heavy in Chinese stocks to earn windfall profits in a short time.
It turns out that at present, the Chinese representative bodies are trying to interact with the government on pre-factories, keeping in mind the average price of sugarcane in the crushed season.
“There are estimates that the millers designed a Nexus with wholesalers, dealers and distributors and manipulated prices in the domestic market. With the estimated price of sugar at the pre-mill price and then sales tax, the rupee has been worked at Rs 140 to Rs 145 per kg. By incorporating other costs, the maximum price of sugar should not exceed Rs.155–160 per kg, ”was confirmed talking to top official sources Reports On Sunday.
As a significant development, the concerned authorities have proposed a paradigm change in the regulatory system, which is to amend laws to start and modify laws to seize and amend the seizure of the sugar instead of selling the money at the official price and returning the money.
Official sources said that the Prime Minister had carried forward to proceed to proceed to take action on the Chinese mafia which would continue without intervention.
The FIA, IB and FBR have operated and have found evidence and evidence from hoarders, stockists, wholesalers and distributors leading for alleged manipulation to fix domestic prices.
