ISLAMABAD (Dunya News) - The Supreme Court of Pakistan granted conditional permission to the mills to sell sugar at fixed ex-mill rate and sent back the case back to the Lahore High Court (LHC) to decide the matter within 15 days.
According to details, a three member bench headed by Justice Umar Ata Bandial heard the federal government appeal against the high court’s August 3 verdict regarding sugar price.
During the hearing, additional attorney general informed the court that the government has fixed ex-mill rate of sugar at Rs84 per KG, while the mills price is 97 rupees.
Justice Umar remarked that it is not the responsibility of the court to fix price or determine profit and loss. The court has only to decide the legal point of the matter.
The court ordered that the sugar mills should voluntarily deposit the difference amount between the government’s fixed price and rate of the sugar mills in the high court till settlement of the issue.
The court also directed the cane commissioner to compile the record of sugar stock and sale.
It merits mention that the federal government on Tuesday filed an appeal before the Supreme Court against the Aug 3 Lahore High Court (LHC) order to grant stay to the sugar mills against the government’s measure to enforce sugar price and recover differential amount from the mills.