I feel privileged to express my true sentiments on the occasion of 4th Pakistan Edible oil Conference & Price Out-look 2019. I take this opportunity to welcome our worthy International delegates & and the Pakistani guests. Amongst several world renowned events, PEOC has made a prominent place on International Arena of edible oils and fats sector. Indeed it is highly promising to observe that PEOC has not only been successful in attracting reputable speakers from across the world but the success graph is maintaining its rapid upward trend. It has become a platform where distinguished speakers from across the globe as well as from Pakistan, dignify PEOC by their participation. Their presence in this conference projects their dedication towards one of the largest and most important markets of edible oil and fat products in the world.
Being the Chairman of Pakistan Vanaspati Manufacturer's Association (PVMA), it is my Honor to represent 127 manufacturing units with a huge capacity in multi million tons of Vegetable Ghee and Cooking Oil. I would like to mention that the PVMA has always enjoyed a close relationship with the All Pakistan Solvent Extractors Association (APSEA). This business string plays a vital role in fetching over a million ton of soft oils purchased by PVMA members from APSEA. Further to this local procurement, the member units of PVMA import around 3 million tons of edible oil from the international market every year. With a hefty contribution to the national exchequer and performing a robust role in creating employment, and boosting business activities in local market, PVMA stands out as a forum which cannot be overlooked.
While being an important part of the national economy, PVMA members demonstrate a remarkable performance of their role as providers of safe and economical products to over 210 million people's population of Pakistan. They take all precautions and ensure implementation of safety measures in producing products having international food standards. Indeed their efforts are focused on providing healthy nutritious food with required fats & vitamins to their countrymen.
To conclude, I would once again like to extend a very warm welcome to all the delegates. I also wish that the foreign delegates as well as the worthy local guests will mutually benefit from PEOC's rewarding session based on experience, insights and analysis brought forth on this platform by the speakers. I foresee tremendous opportunities in our industry for a brighter and stronger future; for ourselves, our consumers and above all, our country.