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Jahangir Tareen offers to buy sugarcane harvested for halted sugar mills

02:34 PM | 11 Jan, 2018
Jahangir Tareen offers to buy sugarcane harvested for halted sugar mills
ISLAMABAD - Former Pakistan Tehreek-i-Insaf (PTI) secretary general Jahangir Tareen assured the Supreme Court (SC) that he was willing to buy harvested sugarcane from all farmers affected by the suspension of sugar mills.

Jahangir along with five other mill owners extended the offer before a three-member bench of the top court headed by Chief Justice Mian Saqib Nisar currently hearing a petition against a Lahore High Court (LHC) order to relocate three sugar mills that are reportedly owned by the Sharif family.

In the petition, filed last year, farmers and mill owners had urged the court to scrap the LHC's decision arguing that the halting of crushing had affected cane growers since they were unable to sell their harvest.

On Wednesday, the apex court had given Tareen — a defendant in the case — two options: either the cane be processed after a commission is paid to crushers, or that the entire produce is bought by Tareen.

During today's hearing, Tareen and five other mill owners assured the court that they will buy the entire produce on government rates to which the CJP warned that the transactions would be monitored closely by the court.

After Tareen's offer, the affected farmers raised some objections, saying that the businessmen had not specified how they will buy the cane.

Dismissing the objections raised by the farmers, Justice Nisar cautioned them against becoming someone else's "mouthpiece".

"We (the court) gave relief to the cane growers and stopped sugar mills from illegal operations as well," the CJP remarked and clarified that he would listen to cane growers' arguments only when he was sure of their sincerity.

On the other hand, the counsel for Tareen and others, Aitzaz Ahsan assured that the rate of the cane would be determined by the sugar cane commissioner.

The hearing was adjourned until April 18. The CJP said that he will listen to further objections in his chamber.

The writer is a civil servant.


Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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