Crackdown on sugar and dollar mafia is commendable

Islamabad, September 15, 2023 (PPI-OT): Dr. Hanif Mughal, Senior Vice President of Pakistan Economy Watch (PEW) said on Friday that the crackdown against the sugar and dollar mafia is highly laudable. Action is being taken against sugar hoarders and smugglers, while wholesalers and distributors are being continuously monitored, but sugar mills are not being raided, he said.

The beginning of the sugar crisis is from the sugar mills, so they should not be spared; otherwise, questions will arise in the minds of the people, he added. Dr. Hanif Mughal said in a statement issued here today that in addition to the weak, the powerful should also be held accountable, and all food businesses should be strictly monitored to protect the public and dispel the impression that no government can control the shopkeepers.

He said that, like in developed countries, all businesses should be closed at sunset to reduce the oil import bill by billions of dollars. If doing business until late at night brought prosperity, then Pakistan would have been the richest country in the world.

He said that the transit trade agreement with Afghanistan has become a big problem for Pakistan and has to be gotten rid of so that the economy gets some stability. Hanif Mughal demanded that action be initiated against tax evasion and drug trade as different mafias are haemorrhaging the country’s economy.

The illegal supply of Iranian POL products alone causes an annual loss of at least Rs225 billion to the national exchequer. Smuggled Iranian oil is usually sold at illegal roadside gasoline outlets but has now even found its way to regular filling stations.

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Pakistan Economy Watch (PEW)

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