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Categories: BusinessNewsPakistan

FPCCI Warns of Rising Ghee and Cooking Oil Prices Ahead of Ramadan

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The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced concerns over a potential surge in ghee and cooking oil prices ahead of Ramadan due to delays in clearing edible oil imports.

FPCCI President Atif Ikram warned that prolonged clearance times are forcing importers to pay millions of dollars in demurrage charges, driving up costs that will ultimately impact consumers. He highlighted that customs-related delays, stretching up to 10 days, are worsening the situation and could lead to a sharp price increase if not resolved soon.

“The demurrage charges are being paid in dollars, which is adding to the cost of ghee and cooking oil,” he stated, urging the government to take immediate action.

To address the issue, Atif Ikram announced plans to meet with the Minister of Finance, Chairman of the Federal Board of Revenue (FBR), and other key officials next week to discuss possible solutions.

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Zubair Yaqoob

Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories. Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting. Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

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