Newly-elected PVMA officials assumed charge

Islamabad: The newly elected officials of the Pakistan Vanaspati Manufacturer’s Association (PVMA) have assumed charge.

Khawaja Arif Qasim was elected unopposed as chairman while for the year 2012-13 while Mr. Atif Akram Sheikh was elected as Senior Vice Chairman and Mr. Wazir Ali Pardhan was elected as Vice Chairman in 325th Executive Committee meeting. Speaking on the occasion Arif Qasim highlighted the importance of industrial sector in the job creation, containing unemployment and revenue generation.He said that PVWA is serving masses through paying taxes, reducing unemployment and providing edible oil at affordable price without any interruption.He said that PVMA leads the edible oil sector of country with annual imports of 2.0 million tonnes which costs US $ 2.4 billion per annum.The domestic manufacturing sector consumes edible oil extracted from local and imported oil seeds to the tune of US $ 1.3 billion; he said adding that the cumulative turnover of this sector hovers around Rs. 500 billion.

Atif Akram Sheikh, newly elected SVC who is also Chairman Coordination FPCCI, in his speech said that cooking oil sector contributes over Rs 120 billion to the national exchequer as well in the shape of duties, taxes and other levies.We are providing jobs to million while exports to Afghanistan are picking up which is a very encouraging, said Atif. He said that we will try best to maintain the quality of products and tackle the problems faced by industry.