Marriyum Aurangzeb calls for search of Jahangir Tareen, Khusro Bakhtiar's sugar mills | TV Shows - geo.tv - Shows/special-reports | Urdu News - Visit Geo News Urdu online to read latest urdu news today & watch live breaking news updates in Urdu from Pakistan, Sports, Entertainment. He is a close relative of Khusro who along with Moonis are his partners. The bureau asked the court to dismiss the contempt petition. The report then mentioned RYK Mills Limited, Etihad Sugar Mills and Two Star Industries, which are owned by Makhdoom Omer Shehryar. On 9 April 2018, Bakhtiar, together with seven other PML-N parliamentarians, quit the PML-N and formed a new group under the name of "Junoobi Punjab Sooba Mahaaz". The decision came as the sugar commission report was tabled before a special meeting of federal cabinet after Prime Minister Imran Khan reviewed the document before the gathering. A total of 0.474 million (474,000) tonnes of sugar out of 0.762 million (762,000) tonnes had been exported by the time the subsidy was withdrawn. We should learn from this exposé that it is never a good idea to employ malicious campaigns online. During the pandemic, faith has performed its role at several levels. They availed 18.31% of the total subsidy amounting to Rs452 million. SUGAR MILLS CASE: The court on Friday suspended operation of an income tax recovery notice of Rs24 million issued to Chaudhry Sugar Mills of the Sharif family, and directed the Inland Revenue commissioner (appeals) to decide a pending appeal in 30 days. The report, Shahzad said, the sugar owners were also behind market manipulation to increase the market price through issuing advance delivery orders at a higher price. Compunode.com Pvt. asks PTI’s JKT. A total of 15 sugar mills took advantage of the Rs3 billion subsidy with Tareen being the biggest. Meanwhile, around 25 percent sugarcane isn’t accounted for due to under reporting while the owners are also keeping double books, he said. 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The subject accumulated assets in the name of his mother, brothers, and their wives which included sugar mills i.e. Shehryar is the brother of National Food Security and Research Minister Khusro Bakhtiar. His JDW Sugar Mills received Rs560 million as subsidy while Shamim Ahmed Khan’s two units got Rs400 million. Ltd. (www.compunode.com).Designed for Dawn. A lawyer, Ahsan Abid, had filed a contempt petition against the NAB chairman. SUGAR MILLS CASE: The court on Friday suspended operation of an income tax recovery notice of Rs24 million issued to Chaudhry Sugar Mills of … The fact that family concerns of Jahangir Tareen ( six sugar mills) and Khusro Bakhtiar ( four sugar mills) together pocketed nearly 29 percent of subsidies ( almost Rs.7 billion) between 2015-2018 abundantly explains that both families remain well entrenched – regardless who is … Therefore, he argued that, the chairman and the NAB director general committed contempt for which they should be penalised. The report says Asad Umar, Abdul Razak Dawood and the Punjab cabinet were responsible for the scandal. Referring to PTI leaders Khusro Bakhtiar and Jahangir Tareen being the "talk of the town" these days, the information minister said that their sugar mills received the lion's share of the subsidies. Khusro Bakhtiar had … Referring to Pakistan Tehreek-e-Insaf leaders Khusro Bakhtiar, who is currently Minister of Economic Affairs, and Jahangir Tareen, Shah claimed sugar mills either owned by them—or linked to them, as in Bakhtiar’s case—had received the lion’s share of subsidies. The prime minister who approved sugar subsidies, his name had also not been mentioned,” he said. The report on the sugar scandal, which rocked the PTI government, also mentioned the conflict of interest, as the matter would be referred to NAB too. From the US elections to the war between Armenia and Azerbaijan, Dawn.com recaps major events from the outgoing year. Addressing a press conference in Islamabad, Shahzad Akbar – special assistant to the prime minister on accountability – said the basic issue raised by the commission that the subsidy had been awarded in Pakistan without first determining the cost of production. WHILE the federal cabinet may have approved 2017’s national census, the move has resulted in a fresh controversy,... “THEY aren’t coming to this country, if I am elected” was one of the pledges Donald Trump made on his campaign... PAKISTAN’S second Covid-19 wave saw its deadliest day this week, with 111 deaths reported in 24 hours. His JDW Sugar Mills received Rs560 million as subsidy while Shamim Ahmed Khan’s two units got Rs400 million. Another source of hidden income is sucrose content which is claimed to be 9.5 to 10.5 percent, but there is no independent assessment, he said, adding that it was much higher. He said the sugarcane growers were getting a rate for their produce much less than the fixed support price while the mills owners also manipulated in weighting the produce besides using informal banking – like giving loans at the interest rate of up to 35 percent – to exploit them. In its reply, the bureau said it worked independently and impartially, and the lawmaker brothers had not exerted any political pressure on it. Meanwhile, the sugar mills owned by Makhdoom Umer Shehryar pocketed Rs450 million. He said an appeal against the FBR notice was still pending before the tribunal, which should be decided expeditiously to provide relief to the petitioner. About cost inflation, he said the owners used tools like over invoicing, including the administrative expenditure and not mentioning the income made through byproducts. Makhdum Khusro Bakhtiar ( Urdu: مخدوم خسرو بختیار ; born 7 July 1969) is a Pakistani politician who is currently serving as Pakistan’s Federal Minister of Economic Affairs, in office since April 2020. On the other hand, Khusro Bakhtiar, Jahangir Tareen, Suleman Shehbaz and Moonis Elahi were among the beneficiaries. Covering all three aspect of the news makes us unique and we are in process and trying to get mass attention. The fact that family concerns of Jahangir Tareen (six sugar mills) and Khusro Bakhtiar (four sugar mills) together pocketed nearly 29 percent of subsidies (almost Rs.7 billion) between 2015-2018 abundantly explains that both families remain well entrenched – regardless who … Makhdoom Khusro Bakhtiar hails from Rahim yar Khan is a Pakistani Politician who is currently working as a member of the National Assembly after winning the Pakistan General Elections 2018 while being affiliated with Pakistan Tehreek e Insaf. This triggered speculation that he might join PTI soon. Enjoy Urdu news live stream & your favorite shows on Geo News Urdu. The federal cabinet on Thursday decided to make the sugar inquiry commission’s report public and authorised the FIA to lodge criminal cases against the accused. All of my mills, including those in Sindh will start crushing on 10th. His companies exported 31.17% of their total production. Similarly, the Indus Sugar Mills owned by Ghulam Dastgir received Rs140 million in subsidy. Previously, he has served as the Federal Minister of National Food Security and Research, from 19 November 2019 to 6 April 2020, And as the Federal Minister for Planning, Development and Reforms from 20 August … The government’s performance on the domestic front will determine its political fortunes in 2021. “The subsidy was given to 26 sugar mills in Sindh,” he said, adding that it had been disbursed transparently to protect the interests of sugar farmers. Save my name, email, and website in this browser for the next time I comment. LAHORE: The National Accountability Bureau (NAB) has informed the Lahore High Court that inquiries of assets beyond means against federal minister Khusro Bakhtiar and his brother, provincial minister Hashim Jawan Bakht, are under way and would be completed soon. The committee report exposed that PTI’s former secretary-general Jahangir Khan Tareen and Federal Minister for National Food Security Makhdoom Khusro Bakhtiar went away with Rs 1.03 billion payment on the export of sugar, repaid from the taxpayers’ money, which was equivalent to 41% of the total subsidy the government of Punjab repaid to sugar industrialist. To name a few, sugar mill owners include Jehangir Tareen, Makhdoom Khusro Bakhtiar, Chaudhrys of Gujrat, Hamza Shahbaz Sharif, Asif Ali Zardari, Zulfiqar Mirza, Humayun Akhtar Khan and Haroon Akhtar Khan. In March 2018, he became business partner of Jahangir Khan Tareen after they together purchased a sugar mill for Rs 27 billion. “Will the commission discover the reality behind all the sugar mills in Pakistan after conducting an audit of the nine mills?” said the businessman. A reply filed on behalf of NAB Chairman retired Justice Javed Iqbal further states that no contempt of court was committed by the bureau. A review of sugar exporters and mills being audited exhibits that the Khusro Bakhtiar family’s mills - RYK, Ethihad and Two Star -, Indus Sugar Mills belonging to Dareshaks, Fatima Sugar Mills of Mukhtars from Multan, Noon Sugar Mills, and some others having exported more 150,000 tons of sugar, have been kept out of the forensic audit. With the Aim to provide updated, correct and timely updates about when it happened, where is happened and how it happened. Another irregularity exposed by the report is that the mills have increased the production capacity without any approval and thus the production obtained through this is a huge source of untaxed income, he mentioned. “Will the commission discover the reality behind all the sugar mills in Pakistan after conducting an audit of the nine mills?” said the businessman. (adsbygoogle = window.adsbygoogle || []).push({}); Every year, Engro Foundation – the social investment arm of…, The rapidly growing digital entertainment forum, See Prime, has come…, Akhuwat has announced prime minister low cost housing scheme programe.…, All the information, i have collected to facilitate of those…, BankIslami, one of the leading Islamic banks of Pakistan with…. PML-N spokesperson Marriyum Aurangzeb blamed on Thursday PTI leader Jahangir Tareen and National Food Security and Research Minister Khusro Bakhtiar for the sugar and flour crises in the country. 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