He said sugar industry, at present, is governed under 28 laws 4 of which declare sugar as an essential commodity, says a press release, issued here Saturday. We have the utmost regard and respect for the executive and judiciary of this country, but the laws are not coherent with each other. CCP Rules came in 2007.
The business and industry is to be educated about these regulations, but unfortunately in open forums CCP is making a mockery of the sugar industry by manipulating statements like nationalisation of the sugar industry', he added. Javed Kayani deplored the mindset about sugar industry in the country.
He further said we are the second largest employment provider in Pakistan and there is a systematic conspiracy for the closure of entire business in the country to make it a banana republic. Javed Kayani said we have exercised our legal right by challenging the notices in High Courts and have done nothing extra-constitutional. The impression about cartelization in the sugar industry is based on misconception, myth and ignorance of 28 laws.
The financial circumstances of every individual entity are different based on which they do their own decision-making. The alleged cartelisation in price and procurement is negated by the balance sheets and final accounts of the mills.
CCP also jumped the bandwagon against sugar industry when the sugar hype picked momentum last year for no fault of the industry and raided our offices as if we are criminals in the country. We only promote economic activity in the rural areas for the benefit of millions. He said the matter is subjudice at present and he would not like to make any further comments.-PR