Rs29b subsidies have been given to the sugar industry in the past five years: Shahzad Akbar – Pakistan | Instant News


Last updated when May 27, 2020 11:36 p.m.

Out of Rs 29 billion, Rs 2.4 billion subsidies were provided by the Punjab Government

ISLAMABAD (Dunya News) – The Prime Minister’s Special Assistant for Accountability Lawyer Shahzad Akbar on Wednesday revealed the role of former Prime Minister Shahid Khaqan Abbasi in giving Rs. 20 billion subsidies for Sugar Mafia, in his tenure.

“The Commission’s report is an indictment of former PM Abbasi,” Akbar said at a press conference in Islamabad. He added, the total subsidy of Rs. 29 billion was given to sugar factories in the last five years. Out of Rs 29 billion, Rs 2.4 billion subsidies were provided by the Punjab Government, Akbar said.

He freed the Pakistani federal government Tehreek-e-Insaf (PTI) in providing subsidies to Sugar in his tenure but was only permitted to export excess sugar, adding, the report of the sugar commission’s investigation was comprehensive and eye-opening.

He said the credit fell to the Pakistani government Tehreek-e-Insaf (PTI) which investigated sugar fraud, collected evidence, made the report publicized and will now take corrective steps.

The Commission in its report wrote about the subsidies given in 2017 by Former PM Shahid Khaqan Abbassi that based on superficial calculations, the subsidies were more than Rs. 20 billion is allocated from public treasurers to sugar factories.

He said Salman Shehbaz, the son of opposition leader Shahbaz Sharif, was a facilitator who by leading the Pakistan Sugar Factory Association (PSMA) cartel manipulated former PM Abbasi to provide subsidized Rs. 20 billion.

He said regardless of their party affiliation, the government would take action against all criminals revealed in the commission’s investigative report.

He said after the publication of the report, Prime Minister Imran Khan would be briefed next week to direct the National Accountability Bureau (NAB), the Federal Investigation Agency (FIA), the Pakistan Security and Exchange Commission (SECP) and other related departments to submit references in court , given the commission report.

He said Shahbaz Sharif returned from London to lead the Nation but had quarantined himself to avoid appearing in the National Accountability Bureau (NAB) court to face corruption charges against him, adding, no matter what Shahbaz Sharif had to file before a court of law in a corruption case against him.

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