Oil, ghee manufacturers agree to reduce prices

The Paki­stan Vanaspati Manu­fact­urers Association (PVMA) has agreed in principle to take measures in the next couple of days to bring down prices of edible oil/ghee.

The understanding was reached at a meeting between Finance Minister Shaukat Tarin and a PVMA delegation on Monday.

During the meeting, Mr Tarin showed displeasure over repeated hike in edible oil/ghee prices in domestic market and warned of a strict action, a source told Dawn.

After an exchange of information by the two sides, PVMA chairman Abdul Waheed assured the finance minister about convening a meeting of his association to look into a possible decrease in per litre price of edible oil.