FIA constitutes 11-member inquiry team to investigate sugar Commission report

The Federal Investigation Agency (FIA) on Friday constituted an 11-member inquiry team to investigate sugar mills based on the findings of the Sugar Inquiry Commission report, days after the government gave the go-ahead to the Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP) and FIA to launch an investigation.

The 11-member team, which will be headed by Director FIA Islamabad Zone Dr Moeen Masood and comprising Customs, FBR and State Bank of Pakistan (SBP) representatives, will investigate how sugar was being exported to Afghanistan.

The government on July 23 had directed the departments to launch an investigation. The federal government had further ordered that a report on the investigation should be submitted within 90 days.

Sugar Inquiry Commission report

The report mentioned in depth how the amount of sugar exported to Afghanistan is routinely inflated to show as if 75 tonnes of the commodity were being exported per truck.

However, this is barely possible, given that the maximum capacity of a truck, even when overloaded, does not exceed 30 tonnes.

The scam also seemingly has another purpose: laundering money. If sugar is being exported to Afghanistan, the payment should also be coming in from the same country.

However, it was found by the commission that many sugar mill owners were receiving telegraphic transfers for payments for sugar sold to Afghanistan from the US and Dubai, therefore seemingly whitening money and earning dollars at the same time.

Another important finding highlighted in the report was that sugar mills paid an estimated Rs22bn in taxes to the Government of Pakistan, but out of that total amount, Rs12bn was reclaimed in rebates. Hence, the net contribution was close to around Rs10bn.

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FIA constitutes 11-member inquiry team to investigate sugar Commission report

The Federal Investigation Agency (FIA) on Friday constituted an 11-member inquiry team to investigate sugar mills based on the findings of the Sugar Inquiry Commission report, days after the government gave the go-ahead to the Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP) and FIA to launch an investigation.

The 11-member team, which will be headed by Director FIA Islamabad Zone Dr Moeen Masood and comprising Customs, FBR and State Bank of Pakistan (SBP) representatives, will investigate how sugar was being exported to Afghanistan.

The government on July 23 had directed the departments to launch an investigation. The federal government had further ordered that a report on the investigation should be submitted within 90 days.

Sugar Inquiry Commission report

The report mentioned in depth how the amount of sugar exported to Afghanistan is routinely inflated to show as if 75 tonnes of the commodity were being exported per truck.

However, this is barely possible, given that the maximum capacity of a truck, even when overloaded, does not exceed 30 tonnes.

The scam also seemingly has another purpose: laundering money. If sugar is being exported to Afghanistan, the payment should also be coming in from the same country.

However, it was found by the commission that many sugar mill owners were receiving telegraphic transfers for payments for sugar sold to Afghanistan from the US and Dubai, therefore seemingly whitening money and earning dollars at the same time.

Another important finding highlighted in the report was that sugar mills paid an estimated Rs22bn in taxes to the Government of Pakistan, but out of that total amount, Rs12bn was reclaimed in rebates. Hence, the net contribution was close to around Rs10bn.

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Corona cases in Pakistan rose to 278,305, recovery rate rose to 247,177

The number of confirmed Corona cases in Pakistan rose to 278,305 on Friday after new infections were confirmed in the country.

Total: 278,305

• Sindh: 120,550

• Punjab: 92,873

• Khyber Pakhtunkhwa: 33,958

• Balochistan: 11,732

• Islamabad Capital Territory: 15,014

• Gilgit-Baltistan: 2,105

• AJK: 2,073

Deaths: 5,951

• Punjab: 2,140

• Sindh: 2,209

• Khyber Pakhtunkhwa: 1,194

• Balochistan: 136

• Islamabad Capital Territory: 165

• Gilgit-Baltistan: 53

• AJK: 54

RECOVERED: 247,177

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Corona cases in Pakistan rose to 278,305, recovery rate rose to 247,177

The number of confirmed Corona cases in Pakistan rose to 278,305 on Friday after new infections were confirmed in the country.

Total: 278,305

• Sindh: 120,550

• Punjab: 92,873

• Khyber Pakhtunkhwa: 33,958

• Balochistan: 11,732

• Islamabad Capital Territory: 15,014

• Gilgit-Baltistan: 2,105

• AJK: 2,073

Deaths: 5,951

• Punjab: 2,140

• Sindh: 2,209

• Khyber Pakhtunkhwa: 1,194

• Balochistan: 136

• Islamabad Capital Territory: 165

• Gilgit-Baltistan: 53

• AJK: 54

RECOVERED: 247,177

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CAA launches operation to restrict birds activity at airports

Jinnah International Airport authorities here have launched an operation to restrict bird activity at the airport.

Concerned staff has initiated a drive on the directives of the airport’s chief operating officer to limit the bird movement in the area, an official said.

The bird shooters have hunted more than 25 birds on the runway, the airport manager said.

Garbage dumps in the areas adjacent to the airport attracts increasing movement of birds in the vicinity of the airport.

Pakistan Civil Aviation Authority (PCAA) has launched a public awareness campaign on Eid ul Azha to avoid piling of garbage.

Carcasses and remains of sacrificial animals dumped near airports attract a large number of birds, making them a potential hazard to air-traffic, airport manager said.

The official advised the people to pack the animal offal and leftovers in garbage bags and dispose off them at the designated places.

The bird shooters are routinely deployed by the CAA to target the birds that may cause hindrance at airports routine activity.

The aviation authority use routine measures including bird shooters, pressure horns, acoustic guns, fire crackers, scarecrows, patrolling vehicles to limit the bird activity in the vicinity of airports.

According to reports the CAA now mulling on getting advanced sonic machines for controlling the bird movement.

from Latest Pakistan News - SUCH TV https://ift.tt/2P8wkAM

CAA launches operation to restrict birds activity at airports

Jinnah International Airport authorities here have launched an operation to restrict bird activity at the airport.

Concerned staff has initiated a drive on the directives of the airport’s chief operating officer to limit the bird movement in the area, an official said.

The bird shooters have hunted more than 25 birds on the runway, the airport manager said.

Garbage dumps in the areas adjacent to the airport attracts increasing movement of birds in the vicinity of the airport.

Pakistan Civil Aviation Authority (PCAA) has launched a public awareness campaign on Eid ul Azha to avoid piling of garbage.

Carcasses and remains of sacrificial animals dumped near airports attract a large number of birds, making them a potential hazard to air-traffic, airport manager said.

The official advised the people to pack the animal offal and leftovers in garbage bags and dispose off them at the designated places.

The bird shooters are routinely deployed by the CAA to target the birds that may cause hindrance at airports routine activity.

The aviation authority use routine measures including bird shooters, pressure horns, acoustic guns, fire crackers, scarecrows, patrolling vehicles to limit the bird activity in the vicinity of airports.

According to reports the CAA now mulling on getting advanced sonic machines for controlling the bird movement.

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US announces to expand sanctions on Iran's metals trade

US Secretary of State Mike Pompeo said on Thursday that Washington was expanding the scope of Iran metals sanctions to target Iran's nuclear, military or ballistic missile programmes.

Pompeo called the move a "major expansion" of Iran metals-related sanctions administered by the State Department, allowing Washington to blacklist those who knowingly transfer 22 specific materials to Iran that are allegedly used in connection with military programmes.

"Iran's nuclear, ballistic missile, and military programs pose a grave threat to international peace and security," Pompeo said in his statement.

Pompeo also repeated allegations that Iran's Islamic Revolutionary Guard Corps (IRGC) control Iran's construction sector.

As a result, sanctions may still be imposed on those who knowingly transfer certain materials, including graphite or raw or semi-finished metals, to or from Iran to be used in connection with the construction sector, Pompeo said.

The United States has previously targeted Iran's metals sector with sanctions in an effort to slash Iranian revenues.

Tensions between Washington and Tehran have spiked since Trump unilaterally withdrew in 2018 from the Iran nuclear deal struck by his predecessor, Barack Obama, and began reimposing sanctions that had been eased under the accord.

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