• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Pakistan

Edible oil importers seek duty cut in 2016-17 budget

ToP by ToP
May 21, 2016
in Pakistan
0
Edible oil importers seek duty cut in 2016-17 budget

Edible oil importers seek duty cut in 2016-17 budget

0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Importers have demanded the government to cut lessen duty taxes on edible oil in the Fiscal Year (FY) 2016-17, reported. 

[contentblock id=2 img=gcb.png]

Importers of raw palm oil said that 1-ltr coconut oil pouch price could plummet by Rs 50 if the government cuts import duty and taxes.

Edible oil importers seek duty cut in 2016-17 budget
Edible oil importers seek duty cut in 2016-17 budget

It should be mentioned here that country’s 85 percent demand is fulfilled using raw palm oil. Whereas the government pockets 40 percent duty tax on oil import. Annual total of raw palm oil is 25 lac tonne and costs above USD 2 billion.

[contentblock id=1 img=adsense.png]

Oil importers have foreseen country’s self-sufficiency in edible oil production if the government helps farmers over production of oil seeds in the forthcoming federal budget. The government can save over millions of Rupees if it becomes self-sufficient in production of edible oil. According to the traders, the country is lagging behind in sunflower and canola farming as well due to lack of interest on government’s part.

Previous Post

Uber unveils testing of self-driving car

Next Post

US Strike Crosses Red Line On Balochistan

ToP

ToP

Related Posts

Multiple killed, dozens injured in Peshawar Police Line mosque blast
Pakistan

Multiple killed, dozens injured in Peshawar Police Line mosque blast

by Top
January 30, 2023
Foreign exchange: SBP reserves go down by $75mn in a week
Pakistan

Pakistani rupee slips further against the US dollar

by wasif
January 17, 2023
Talks with India not possible until revocation of J&K’s status: PM Office
Pakistan

Talks with India not possible until revocation of J&K’s status: PM Office

by Top
January 17, 2023
Andre Emilio Suiting
Entertainment

Modernizing the Art of Bespoke Tailoring

by wasif
January 17, 2023
No case of Omicron variant BF.7 detected so far in Pakistan: NIH
Pakistan

No case of Omicron variant BF.7 detected so far in Pakistan: NIH

by Top
January 3, 2023
President, PM grieved over loss of security personnel in Bannu operation
Pakistan

President, PM grieved over loss of security personnel in Bannu operation

by Top
January 2, 2023
New Gas Reserves Discovered In D.I.Khan
Pakistan

New Gas Reserves Discovered In D.I.Khan

by Top
December 27, 2022
Next Post
‘red line

US Strike Crosses Red Line On Balochistan

Popular Stories

  • Wikileaks row: US spokesman Crowley quits over gaffe

    Wikileaks row: US spokesman Crowley quits over gaffe

    0 shares
    Share 0 Tweet 0
  • 10 Most Popular Pakistani Female Singers of All Time

    0 shares
    Share 0 Tweet 0
  • Indian Army Jumps In As IHK Students Beat Up Police

    0 shares
    Share 0 Tweet 0
  • 10 Most Beautiful Lakes of Pakistan

    0 shares
    Share 0 Tweet 0
  • 10 Pakistani Actress Plastic Surgery Before And After

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In