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PVMA

‘Interest rate still too high’: business community reacts to SBP’s cut of 200bps

Pakistan business community welcomed the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 200...

Updated 16 Dec, 2024 09:05pm

Business & Finance

PVMA urges SBP’s MPC to bring down policy rate to single digit

KARACHI: The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of Pakistan (SBP) to bring...

Published 15 Dec, 2024 02:50am

Business & Finance

Alternative oils: PVMA chief urges govt to cut duties

KARACHI: The Chairman Pakistan Vanaspati Manufacturers Association (PVMA) Sheikh Umer Rehan has called on the...

Published 07 Dec, 2024 06:51am

Business & Finance

Body to be formed to draft edible oil policy: Jam Kamal

KARACHI: The Federal Minister for Industries and Commerce, Jam Kamal Khan, announced that the government will...

Published 04 Dec, 2024 03:14am

Business & Finance

PVMA chief highlights importance of trade deals with Belarus

KARACHI: Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan, welcomed the visit...

Published 28 Nov, 2024 07:11am

Business & Finance

PVMA urges govt to formulate ‘edible oil policy’

KARACHI: Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has called on the...

Published 16 Nov, 2024 06:04am

Business & Finance

PVMA congratulates Atif Ikram on his election as CACCI’s VP

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has extended its heartfelt congratulations to Atif ...

Published 14 Nov, 2024 06:33am

Business & Finance

PVMA for reduction in interest rate

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman, Sheikh Umer Rehan, has strongly urged the...

Updated 03 Nov, 2024 09:49am

Business & Finance

Establishment of industries in Karachi: Sindh to support vanaspati manufacturers: Dharejo

KARACHI: The Sindh government has committed to providing comprehensive support to vanaspati manufacturers to...

Updated 01 Nov, 2024 07:38am

Ghee, cooking oil industry: Aurangzeb vows to help resolve issues

ISLAMABAD: Finance Minister Muhammad Aurangzeb Friday assured the ghee and cooking oil industry to resolve the issue...

Updated 12 Oct, 2024 08:58am

Business & Finance

New ghee factories: Ministry urged to create rules, regulations

KARACHI: Sheikh Umar Rehman, Chairman of the Pakistan Vanaspati Manufacturers Association has urged the Ministry of...

Published 04 Oct, 2024 08:09am

Business & Finance

Sheikh Umer Rehan elected PVMA chairman for 2024-26 term

ISLAMABAD: Sheikh Umer Rehan has been elected as new Chairman Pa-kistan Vanaspati Manufacturers Association (PVMA)...

Published 01 Oct, 2024 06:49am

Business & Finance

Fata, Pata ghee mills: PVMA threatens to shut units if tax concession not withdrawn

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has announced country wide closure of factories, if the...

Published 29 Jun, 2024 06:40am

Business & Finance

Edible oil sector: KATI, PVMA slam imposition of additional taxes

KARACHI: Former president of the Korangi Association of Trade and Industry (KATI), and former vice chairman of...

Published 28 Mar, 2024 05:47am

Supplements

Rasheed Janmohammed Chief Executive, Pakistan Edible Oil Conference (PEOC)

I would like to welcome all the delegates who are attending our 6th Pakistan Edible Oil Conference (PEOC 2024). It ...

Published 13 Jan, 2024 05:38am

Supplements

Sheikh Abdul Razzak, Chairman Pakistan Vanaspati Manufacturers Association (PVMA)

Pakistan Vanaspati Manufacturers Association (PVMA) was established in 1961 with 7 Members on board then and...

Published 13 Jan, 2024 05:38am

Markets

Edible oil & seeds: Call for urgent steps to increase production

KARACHI: Sheikh Umer Rehan, Former President of the Korangi Association of Trade and Industry (KATI) and Former Vice...

Published 05 Apr, 2023 06:16am

Edible oil: SBP, MoF urged to ask banks to open LCs

ISLAMABAD: The edible oil industry has asked the State Bank of Pakistan (SBP) and Ministry of Finance to direct the...

Updated 06 Jan, 2023 09:12am

Business & Finance

Punjab govt orders action against sugar mills failing to start crushing

LAHORE: The Punjab government has decided to take stern action against the sugar mills for not starting crushing ...

Published 25 Nov, 2022 05:48am

Pakistan

Sheikh Abdul Razzaq elected PVMA chairman

ISLAMABAD: Sheikh Abdul Razzaq has been elected Chairman Pakistan Vanaspati Manufacturers Association (PVMA) for the...

Published 29 Sep, 2022 05:54am

Palm oil import sans from Indonesia: FBR abolishes 2pc additional duty

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished 2 per cent additional customs duty on the import of...

Updated 22 Jun, 2022 10:07am

Markets

Indonesian palm oil: Envoy can help ensure resumption of supply?

ISLAMABAD: Pakistan needs to make a formal request to the Indonesian ambassador to resume supply of palm oil to...

Updated 02 May, 2022 05:03pm

Pakistan

Ramazan Bazaars: PVMA to provide cooking oil, ghee at lower rates

LAHORE: Pakistan Vanaspati Manufacturers Association (PVMA) has announced to provide cooking oil and ghee Rs 10 per...

Published 16 Mar, 2022 05:40am

Stocks of edible oil at all-time low

ISLAMABAD: The ghee and cooking oil industry has submitted a set of tax-related recommendations to Finance Minister...

Updated 02 Mar, 2022 09:46am

Pakistan

PVMA urges govt to stop smuggling of cooking oil and ghee from Iran

ISLAMABAD: The ghee and cooking oil industry has approached Prime Minister Imran Khan for taking strict action...

Published 15 Feb, 2022 06:45am

Markets

Spokesman for PVMA argues: Ghee, cooking oil prices cannot be reduced without rationalisation of duties/taxes

ISLAMABAD: The prices of ghee and cooking oil cannot be reduced without rationalisation of duties/taxes, but the...

Updated 02 Feb, 2022 12:22pm

Iranian cooking oil: FBR to take anti-smuggling steps

ISLAMABAD: The Federal Board of Revenue (FBR) will take major enforcement action at the border areas of Iran to ...

Updated 16 Jan, 2022 10:05am

Pakistan

‘Smuggled Iranian edible oil is damaging local industry’

KARACHI: Former Vice Chairman of Pakistan Vanaspati Manufacturers Association (PVMA) and Former President of KATI...

Published 06 Jan, 2022 04:13am

PVMA writes to Tarin for action ‘Iranian-origin smuggled cooking oil’ floods market

ISLAMABAD: In a first, Iranian-origin smuggled cooking oil has flooded the domestic market, raising serious concerns...

Published 19 Dec, 2021 04:37am

Business & Finance

Govt urged to exempt ghee industry from gas load-shedding

KARACHI: Former Vice Chairman of Pakistan Vanaspati Manufacturers Association (PVMA) and Former President KATI ...

Published 16 Dec, 2021 04:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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