Wednesday, 27 June 2012 16:19
ISLAMABAD: Pakistan imported 1.467 million tons of edible oil which cost US$ 1.654 billion (Rs. 145 billion) to national exchequer during first nine months of current fiscal year.
Total requirement of edible oil at present in the country is 2.045 million tons and local production during this year was 0.636 million tons.
According to data released by Pakistan Oilseed Development Board, the total availability of edible oil was 3.079 million tons last year, of which local production contributed 0.696 million tons (34 percent of the requirement) while imports of edible oil or oilseeds was 2.383 million ton.
It said the import bill reached Rs 224 billion (US$ 2.611 billion) during last year.
The major oilseed crops grown in the country include sunflower, canola, cottonseed and mustard. Although the cotton crop is grown for its lint, and cottonseed contributes 50 to 60 percent of local edible oil production.
It is estimated that 10 percent of the ...