'Four edible oil refineries soon'

Encouraged by low tax rates on the import of crude palm oil (CPO), leading edible oil buyers in the country has planned to set up four new refineries with a total capacity of 2,200 tonnes a day.
The planned refineries, most of which will become operational by the end of 2007, will double the country's CPO refining capacity, presently at 2,025 tonnes a day, Geo TV reported. "Tax advantage on the import of CPO for refineries is the main driving force behind setting up the plants," said Waheed Sheikh, Chief Executive of Waheed Hafeez group, a trading venture with Singapore's Wilmar Trading. At present, five refineries are operational in Pakistan.