ISLAMABAD - Prime Minister Imran Khan has formed a three-member enquiry committee to investigate all of the sudden hikes in sugar prices in the country.
According to a statement released by the Prime Minister’s Office, “The committee shall identify and fix responsibility, if any, on any individual, officer or organisation or any purported benefit to a private party, besides suggesting a way forward for the future course of action.”
The other two members of the committee will be a representative of the Intelligence Bureau not below grade 20/21, and the director-general of the Punjab Anti-Corruption Establishment.
The committee will also find out the extent of the delays in the purchase of sugarcane from farmers and additionally, it will investigate the presence of oligopolies in the sugar sector.
The committee will also identify illegal stockpiles and the justification for sugar export.
Lastly, the committee shall observe the role of the stakeholders, including government institutions, in the increase in prices.
Meanwhile, the Ministry of Interior, Federal Board of Revenue (FBR) and federal and provincial law enforcement agencies have been directed to launch a joint operation to control sugar prices.
On the other side, the interior ministry has been ordered to submit an implementation report in next 48 hours. PM has ordered Intelligence Bureau, Inter-Service Intelligence (ISI) and FIA to present the report of the crackdown on a regular basis.
Pakistani currency remains unchanged against US Dollar and other currencies on April 25, 2024 Monday in open market.
US dollar was being quoted at 277.5 for buying and 280.5 for selling.
Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.
UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.5 | 280.5 |
Euro | EUR | 294 | 297 |
UK Pound Sterling | GBP | 342.5 | 346 |
U.A.E Dirham | AED | 75 | 75.8 |
Saudi Riyal | SAR | 73.30 | 74 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.81 | 748.81 |
Canadian Dollar | CAD | 201 | 203.2 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 39.93 | 40.33 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.34 | 3.45 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.61 | 912.61 |
Malaysian Ringgit | MYR | 58.28 | 58.88 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.46 | 25.76 |
Omani Riyal | OMR | 723.48 | 731.48 |
Qatari Riyal | QAR | 76.52 | 77.22 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 305.43 | 307.93 |
Thai Bhat | THB | 7.51 | 7.66 |
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