Minister for maritime affairs to consider jetty for edible oil

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KARACHI: Federal Minister for Maritime Affairs Qaiser Sheikh has proposed a possible establishment of a dedicated new jetty for edible oil and has announced to consider it after consultation with all stakeholders.

He emphasized that import of edible oil by ships of Pakistan National Shipping Corporation (PNSC) will help save valuable foreign exchange. He made these remarks during his visit to the Pakistan Wanapati Manufacturers Association (PVMA).

Sheikh announced the formation of a committee comprising representatives of the PVMA, Port Qasim, PNSC, and the Ministry of Maritime Affairs to address and resolve the industry concerns. He also revealed that the Merk Lines have expressed interest in investing $ 2 billion in Pakistan’s port and shipping infrastructure. He acknowledged that the allegations of misconduct on the ports are causing significant financial loss to the industry and they have been assured that the government and the Ministry of Maritime Affairs are determined to address these issues.

Sheikh also said that PNSC currently has 12 ships and intends to get four more. He emphasized that in consultation with the industry, alternative solutions would be found, including chartering utensils. If increasing the capacity improves the situation, the government is willing to provide necessary facilities. He also assured PVMA members that steps would be taken to ensure the release of their block payments at utility stores.

Port Qasim Authority Chairperson Mozam Elias said that the MW -1 has been nominated for rice exports, while the import capacity of edible oil is 3.5 million tonnes, which is currently low.

PNSC Chairperson Sultan Chawla assured that the corporation is committed to supporting PVMA and other industrial stakeholders, and arrangements are being made to seek financing for new ships. He added, with a stakeholder consultation, it will be considered to protect foreign exchange to adopt chartering ships or alternative measures.

Sheikh Amir Rehan, chairperson of the PVMA, highlighted that the sector of Vapasi Manufacturing is the second largest taxpayer industry in Pakistan, which has supported Rs 800 billion annually. He said that import of edible oil is $ 4.5 billion per year, which is primarily obtained from Indonesia and Malaysia. However, the current delivery works on the basis of cost and fitness, which is due to delay and additional reduction. He called on a committee to collectively resolve the problems of the industry and prioritized the import of palm oil by PNSC ships. He pointed out that Pakistan’s annual edible oil demand is 3.5 million tonnes and it is likely that it will exceed 5 million tonnes over the next five years. He also noted that the shipping sector is accused of $ 40-50 million annually and that due to the shortage of shipping, 100 tonnes of cargo is often lost without accountability.

Rehan emphasized the need to increase the number of bracelets in Thakarachi Gateway Terminal and Port Qasim, as currently only one jetty edible oil is used to remove, which is delayed. He called on the government to allocate berths on the “first, first serving” basis. He also said that 70 % of the land in the Port Qasim Industrial Zone is unused and suggested that the land allotted to the inactive industries should be re -claimed and that serious investors should be re -assigned.

Maritime Affairs Ministers emphasized the need for regional trade

Addressing a separate program in Islamabad on Tuesday, the Sheikh stressed the importance of regional trade, saying that it is now the right time to focus on promoting regional trade for the development and prosperity of the country.

Addressing the 17th Annual Corporate Social Responsibility (CSR) Summit and Awards 2025, the Federal Minister highlighted the global trend of increasing regional trade. He said that despite the disputes between China and Taiwan, there was considerable regional trade between the two countries.

He also emphasized the need for Pakistan to enhance trade relations with Bangladesh and India. Sheikh confirmed the government’s commitment to advance the country from the economic crisis. Under the leadership of Prime Minister Shahbaz Sharif, the government has launched the Mahatkakashi ‘Uran Pakistan’ program, which aims to increase trade volume from $ 370 billion to $ 1 trillion within the next decade.

He added that all efforts are being made to double the country’s exports in the next four years. He highlighted the key economic improvement, noting that inflation has decreased from 22 % to 2 % to 2 %, due to government measures, 25 in foreign remittances during the last seven months. The percentage has increased.

The minister said that the currency of the country has also been strengthened while foreign reserves are also increasing day by day. The Minister emphasized Pakistan’s extensive economic capacity and ongoing efforts to reduce the cost of business. He assured that electricity prices will decline sharply in the coming months, while the policy rate has dropped from 22 % to 11 % to accelerate economic activity.

Sheikh also praised the organizers for holding the award summit to recognize the efforts of the corporate social responsibility by various companies and companies.

The 17th CSR Summit and Awards 2025, the Temedar ‘Sustainable Pakistan’, were organized by the National Forum for Environment and Health (NFEH). The summit provided a key platform for corporate humanitarianism and social responsibility, which, together with industry leaders, experts, and stakeholders, to increase CSR measures for backward classes in Pakistan. Find ways.

The summit awarded a significant contribution to public and private sector organizations in supporting the backward classes. A total of 125 awards were presented to representatives of 73 leading companies in recognition of CSR’s extraordinary efforts.

Executive Director of the Securities and Exchange Commission of Pakistan (SECP) (SECP) Musarrat Jabin highlighted that Pakistan, which has a population of over 255 million and the annual growth rate is 2.4 %, environmental concerns, health , Many challenges, including education and energy. He urged companies to increase transparency and actively engage stakeholders in CSR measures. He emphasized that the CSR is closely linked to moral and religious values ​​and emphasized the need for systematic efforts of CSR. He also said that Pakistan has already developed a framework for CSR activities, though it takes time to produce many results.

Kamran Rizvi, a co -founder and a senior adviser and lead trainer, stressed that CSR is an important means of making a difference in society. He advocated the CSR efforts with basic business strategies, preferring key social issues. He also highlighted the importance of stakeholder cooperation, transparent communication, and effective diagnosis of CSR projects.

The President of NFEH Nim Qureshi congratulated the award -winning people and said that his CSR measures have provided significant relief to the common people. He highlighted that the partner companies have collectively planted more than 270,000 trees as part of the Green Pakistan move.

Many notable personalities shared insights on the CSR partnership of their organizations. The CEO of youth affects a Samad. Empowerhar President and Pakistan and International Relations Center Amana Manovar Aun; And the CEO of my impact meter Kanwal Cheema discussed their efforts to promote backward classes across the country.

Other prominent speakers included President of the FPCCI. Mohammed Atif Sheikh, a specialist in disability and development; TV anchor Sima Amjad; Matthi Zindigi Sana Ajmal’s founder and executive director; Corporate Manager of Policy Development in Nestlé Pakistan Autika Mir Khan; Business Development Manager in Schneider Electric Faizan Server; And Chairman of the Bin Qutb Foundation Bashir Malik.