AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

The Pakistan Vanaspati Manufacturers Association (PVMA) has accused FWO Jetty-Liquid Cargo Terminal (LCT)--of overcharging edible oil imports from Malaysia. In a letter to the Minister for Industries and Production, Hazar Khan Bijarani, Secretary General, PVMA, Zafar Hamid Hashmi, said that the jetty's "hegemonic role" should be eliminated.
The Association complained that the Liquid Cargo Terminal (FWQ Jetty) which was established in 2009 is charging $2.32 (Rs 200) per ton as handling fee on import of edible oils, whereas at Marginal Wharf (MW Berth No 1) port handling charges are charged @ Rs 47 per ton.
The edible oil importers were getting their consignments unloaded at the MW1 but all of a sudden the Port Qasim Authority (PQA) has directed that consignments are now to be unloaded at the FWQ Jetty only. Hashmi has requested the Minister for Industries to issue necessary instructions to the (PQA) and allow them the option to get their consignments unloaded either at the Berth MW-1 or the Jetty of the FWO.
PVMA currently boasts of 94 member units which manufacture vegetable ghee/cooking oil in all the four provinces and the federal capital. The major component of vegetable ghee produced in Pakistan is the RBD palm olein, RBD palm oil imported from Malaysia. Imports of Malaysian palm oil are around 1.8 million tons annually. The member units of the PVMA are contributing around Rs 40 billion annually to the government exchequer in the form of various duties, taxes and tariffs for the utilities, etc.

Copyright Business Recorder, 2010

Comments

Comments are closed.