The Trading Corporation of Pakistan (TCP) has initiated legal action against six sugar mills for not releasing sugar stocks of the corporation procured a few years ago.
The TCP, however, did not disclose the names of the powerful sugar mills owners and the quantity of sugar withheld by them.
Speaking at a press conference, TCP chairman Rizwan Ahmed observed that the corporation had a stock of 32,000 metric tonnes of sugar, and it had released 93,000 metric tonnes of sugar to the utility stores for selling at subsidised rates.
The TCP chief said that in 2013-14 the TCP procured 411,855 metric tonnes of sugar through open tenders from local sugar mills for supplying to the utility stores for its further sale to the public at affordable price. The price difference was paid by the federal government, the TCP chairman said.
