The dubious sales of Gulf, Imperial Sugar Mills to Jahangir Tareen

3 ISLAMABAD/LONDON: On January 18, 2019, merely months after the PTI government had been formed, the Competition Commission of Pakistan (CCP) cleared a pre-merger application filed by Gulf Sugar Mills, which was being acquired by AKT Sugar Mills. AKT Sugar Mills is wholly owned by Jehangir Khan Tareen, also known as JKT, widely considered one of the most powerful sugar barons of Pakistan.