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.
