Hoarded sugar, stocks of flour worth billions recovered in raids at 'Tiger Force’

Hoarded sugar, stocks of flour worth billions recovered in raids at ‘Tiger Force’

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Through separate operations, the Punjab authorities seized 16,000 tons of hoarded sugar during operations over sign from tiger force volunteers. The sugar stocks returned on the market worth up to Rs 1.1 billion, which were illegally held by sugar mills which private mafias.

Hoarded sugar, stocks of flour worth billions recovered in raids at 'Tiger Force’

The authorities have seized 716 tons of flour stocks in the free sector, worth up to 28 million Rs. We have rescued 2,000 tons of rice and other goods, sold at the free market up to 330 million rs. The recovered stock was taken into custody by the government of Punjab and is to be priced out at market cost.

Prime Minister Imran Khan was also told of the recoveries the provincial authorities had made. The Prime Minister congratulated the regional government, chief minister, and local government for swift action against the hoarders.

The prime minister has instructed that he intends to supply disadvantaged communities with flour at low costs, whether by supplying them with incentives or by taking stern action against hoarders.I want the price of flour to return to old prices, he said and ordered a serious crackdown on hoarders throughout the region.

It is important to note here that on April 17, President DrArifAlvi promulgated an order to counter the hoarding of vital food products and commodities. The current law that comes into force with the president’s approval stipulates a penalty of three years’ incarceration and a punishment equivalent to 50 percent of the amount for hoarders of the confiscated products.

The ordinance was prepared in accordance with the directives of Prime Minister Imran Khan who wanted stern action against hoarders involved in the hoarding of basic foodstuffs. After cabinet members agreed it was submitted to the president for a nod.