Business & Finance Print edition: 2026-01-13

Pakistan, Indonesia sign MoU to promote cooking oil industry

Published January 13, 2026 Updated January 13, 2026 07:30am

2 min

By Recorder Report

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KARACHI: Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan has termed the cooperation agreement between Pakistan and Indonesia aimed at enhancing trade collaboration in palm oil and related sectors as a significant and positive development for the vanaspati and cooking oil industry.

A MoU was signed between the Pakistan Vanaspati Manufacturers Association (PVMA) and the Indonesian Palm Oil Association (GAPKI) to promote mutually beneficial trade opportunities.

Speaking on the occasion, Sheikh Umer Rehan said that Indonesia is a key trading partner for Pakistan in palm oil, and the agreement will play a vital role in further strengthening bilateral trade relations between the two countries.

He stated that the MoU would help ensure a stable supply of palm oil, improved trade terms and long-term stability for the industry, which would directly benefit consumers as well as the national economy.

He added that under the agreement, information sharing, joint initiatives and new avenues of collaboration between the private sectors of both countries would be developed, benefiting not only the vanaspati and cooking oil industry but also contributing to an increase in bilateral trade volumes.

Sheikh Umer Rehan emphasized that PVMA considers such international cooperation essential for safeguarding the local industry, ensuring timely availability of raw materials and maintaining price stability.

He also appreciated the Government of Pakistan’s role in promoting trade diplomacy and supporting the private sector, noting that the presence of Federal Minister for Commerce Jam Kamal Khan at the signing ceremony reflected the government’s serious commitment to industrial growth and export promotion.

Expressing optimism, he said the MoU would serve as a strong foundation for future trade relations between Pakistan and Indonesia and open up new opportunities for collaboration between the private sectors of both countries.

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