Razzaq elected PVMA chairman

September 29, 2013

Pakistan Vanaspati Manufacturers Association (PVMA)
Pakistan Vanaspati Manufacturers Association (PVMA)

Pakistan Vanaspati Manufacturers Association (PVMA) in its 328th executive committee meeting held on Saturday elected new office bearers, who shall assume their office wef October 1, 2013. According to an announcement of the association here on Saturday, Sheikh Abdul Razzaq, an Islamabad based leading industrialist, has been elected un-opposed as Chairman for year 2013-14. Likewise Sahibzada Muhammad Khan and Sheikh Aamir Shakeel have been elected for the slot of Sr. Vice and Vice Chairman respectively.

In his maiden speech Sheikh Abdul Razzaq re-iterated the importance of industrial sector in job creation and provision of vegetable ghee/cooking oil (a staple food item) to masses at affordable price without any interruption. He also spelled out guiding principles encompassing his strategy and seeks assistance from leading players and in turn was awarded full support from the house.

It is noted that PVMA leads the edible oil sector of Pakistan, whose annual imports of 2.0 million tones exceeds a bill of $2.4 billion per annum. Likewise the manufacturing sector consumes the edible oil extracted from local and imported oil seeds to the tune of $1.3 billion. Hence, cumulatively the sector’s annual turnover hovers around Rs 600 billion per year. The sector, directly and indirectly, contributes over Rs 120 billion to the national exchequer as well in the shape of duty/taxes and other levies.

The annual general body meeting of the PVMA was attended by leading manufacturers of ghee and cooking oil from all over Pakistan. The forum also discussed the measures to maintain the quality of products and tackle the multifarious problems faced by industry. It was also stressed to take on board the government functionaries in maintaining the quality and ensuring the adulteration to be removed by apprehending unregistered/unscrupulous elements, the association added. Courtesy Business Recorder.

Published in ZaraiMedia.com

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