NA Subcommittee granted access to shareholder details of sugar mills by SECP

The Securities and Exchange Commission of Pakistan (SECP) recently presented comprehensive details of sugar mills and their shareholders to a subcommittee of the National Assembly's Commerce Committee. The submission was made in compliance with the subcommittee's demand for complete records of shareholders from 81 companies.

The SECP's submission revealed several notable individuals and entities as shareholders in various sugar mills.

The records show the Sharif Trust, Abdul Aziz Abbas Sharif, and Abdullah Yousuf Sharif as shareholders in Chaudhry Sugar Mills. PML-N leader Hamza Shahbaz Sharif and Nusrat Shahbaz are also among the shareholders of Al-Arabia Sugar Mills.
In Ittehad Sugar Mills, Makhdoom Hashim Jawan Bakht and Makhdoom Omar Shehryar are shareholders. PTI's Moonis Elahi and Makhdoom Omar Shehryar are among the shareholders of RYK Mills.
The SECP's submission also includes details of major stakes owned by leading political and business personalities in the sugar industry. Mian Amer Mahmood is among the shareholders in the Rahim Yar Khan sugar industry. Khawaja Abdul Ghani Majeed holds 100% of the shares in Tando Allahyar Sugar Mills.
Hamza, Salman Hamza Sharif, and Nusrat are listed as shareholders of Ramzan Sugar Mills. Baloch Sugar Mills lists Dost Ali Mazari and Tariq Ali Mazari as shareholders.
Cheema Sugar Mills shows ownership stakes held by Chaudhry Anwar Ali, Sardar Muhammad Arif Nakai, and Muhammad Shafi, among others. Madina Sugar Mills includes Muhammad Rashid and Muhammad Mujtaba as shareholders.
Ashraf Sugar Mills lists former Pakistan Cricket Board chairman Zaka Ashraf and others as shareholders.

The SECP's submission is part of its probe into the causes of sugar price hikes. The subcommittee requested complete records of shareholders from 81 companies as part of its investigation.

The lack of relevant search results providing information about politicians or executives involved in Ittehad Sugar Mills and Chaudhry Sugar Mills suggests a need for further scrutiny. PML-Q's Chaudhry Shujaat Hussain is among the stakeholders of Punjab Sugar Mills, adding another layer to the complex web of political and business relationships within the sugar industry.

The disclosure of these shareholding details is expected to bring transparency to the sugar industry and potentially address the ongoing issue of sugar price hikes in Pakistan. The subcommittee's investigation is ongoing, and further developments are expected in the coming weeks.