Pakistan holds a significantly higher ranking on the list of Edible Oil and Oil Seeds importing countries, which it shall retain in decades to come due to persistent demographic, agronomic and geographic compulsions. Indeed the signing of Free Trade Agreement (FTA) with Malaysia and Preferential Trade Agreement (PTA) with Indonesia were aimed to boost our exports in reciprocation of our edible oil import potential. It is an admitted fact that Edible Oil Sector contributes handsomely to the tune of over Rs 120 billion per annum in national exchequer, and therefore, occupies a slot in top five revenue spinners of Pakistan as declared by Federal Board of Revenue, Government of Pakistan.
With the overwhelming response of earlier PEOC Conferences, we are motivated to organize 3rd Pakistan Edible Oil Conference (PEOC) and Price Outlook-2018 on 19th & 20th January, 2018 at Movenpick Hotel, Karachi under the flagship of Pakistan Vanaspati Manufacturers Association (PVMA), All Pakistan Solvent Manufacturers Association (APSEA), Pakistan Soap Manufacturers Association (PSMA) and Pakistan Edible Oil Refiners Association (PEORA) in support with Malaysia Palm Oil Council (MPOC), Malaysian Palm Oil Board (MPOB), and Indonesian Plantation and Refiners Association namely GAPKI.
Indeed the theme of Conference "AN UPDATE TODAY FOR A BETTER TOMORROW" also includes new investment potentials in Pakistan by virtue of leverage through China Pakistan Economic Corridor (CPEC) by exploiting greater access to our neighboring states and even beyond as well.
The Edible Oil sector of Pakistan is reshaping and orienteering itself to cater for the ever-growing need of country's demand stretched from food and feed grade to soap stocks.
In 2017 Pakistan imports of Edible Oil and Oil Seeds touched 2.7 Million M.Tons and 2.9 Million M.Tons respectively and pattern is likely to continue in 2018-19 and even beyond as forecasted by trade experts.