BML 6.10 Increased By ▲ 0.38 (6.64%)
BOP 34.29 Decreased By ▼ -0.51 (-1.47%)
CNERGY 7.95 Increased By ▲ 0.11 (1.4%)
CPHL 81.98 Increased By ▲ 0.10 (0.12%)
DCL 12.85 Decreased By ▼ -0.07 (-0.54%)
DGKC 221.99 Increased By ▲ 0.44 (0.2%)
FCCL 53.29 Decreased By ▼ -0.40 (-0.75%)
FFL 18.84 Increased By ▲ 0.03 (0.16%)
GCIL 34.20 Increased By ▲ 1.04 (3.14%)
HUBC 211.15 Decreased By ▼ -0.95 (-0.45%)
KEL 5.62 Decreased By ▼ -0.18 (-3.1%)
KOSM 7.12 Decreased By ▼ -0.08 (-1.11%)
LOTCHEM 27.32 Decreased By ▼ -0.50 (-1.8%)
MLCF 102.20 Decreased By ▼ -0.39 (-0.38%)
NBP 215.60 Decreased By ▼ -1.96 (-0.9%)
PAEL 52.82 Decreased By ▼ -0.44 (-0.83%)
PIAHCLA 29.15 Decreased By ▼ -0.57 (-1.92%)
PIBTL 15.58 Increased By ▲ 0.42 (2.77%)
POWER 18.00 No Change ▼ 0.00 (0%)
PPL 193.77 Decreased By ▼ -0.83 (-0.43%)
PREMA 39.64 Increased By ▲ 0.55 (1.41%)
PRL 36.89 Increased By ▲ 0.50 (1.37%)
PTC 36.91 Increased By ▲ 0.89 (2.47%)
SNGP 120.90 Increased By ▲ 0.58 (0.48%)
SSGC 34.24 Decreased By ▼ -0.25 (-0.72%)
TELE 12.18 Decreased By ▼ -0.25 (-2.01%)
TPLP 11.28 Decreased By ▼ -0.49 (-4.16%)
TREET 33.60 Increased By ▲ 0.13 (0.39%)
TRG 69.90 Decreased By ▼ -0.56 (-0.79%)
WTL 2.06 Increased By ▲ 0.22 (11.96%)
BR100 16,968 Decreased By -158.6 (-0.93%)
BR30 54,251 Decreased By -247.2 (-0.45%)
KSE100 160,935 Decreased By -1371 (-0.84%)
KSE30 48,681 Decreased By -428.9 (-0.87%)

KARACHI: The Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan, announced that the edible oil clearance issue at the ports has been successfully resolved, eliminating concerns over a potential shortage.

He credited Chief Collector Customs Jameel Nasir, Collector Port Qasim, Nair Shafiq and other senior officials for their personal efforts in addressing the matter.

Speaking to PVMA members, Rehan reassured that the supply of ghee and cooking oil would remain uninterrupted throughout the holy month of Ramazan.

300,000 tons of palm oil stuck at PQ: Cooking oil, ghee shortage likely: FPCCI

He said all speculations regarding an impending shortage have now been laid to rest, and fears of price hikes due to supply constraints have also been eliminated.

He added that customs authorities have efficiently handled the clearance issues at the port, ensuring the availability of edible oil and ghee in ample quantities.

However, he urged the Ministry of Maritime Affairs and the Port Qasim Authority to address the pending issue of demurrage charges, as the lack of storage space at the port continues to burden importers with heavy penalties.

Rehan emphasized that these demurrage fees are causing financial strain on PVMA members and called upon port authorities to waive the charges on edible oil shipments. He reaffirmed that with the clearance process now streamlined, there is no risk of a shortage in the coming days, ensuring a stable supply of edible oil and ghee across the country.

Copyright Business Recorder, 2025

Comments

Comments are closed.