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The government wants to cut the $5 billion in imported edible oil.

On Friday, the federal government and Punjab province held an official meeting to discuss ways to cut the cost of the country’s edible oil imports while boosting the production of oil-based goods.

The conference, which was chaired by Punjab Minister for Industries and Commerce S.M. Tanveer and Federal Minister for Commerce and Industries Gohar Ijaz, dug into numerous approaches and methods for achieving the set objectives.

Ijaz emphasized the commitment of the interim administration to maximizing the country’s agricultural potential. He highlighted that a rise in the nation’s exports would be fueled by fair recompense for farmers’ toil.

He emphasized the oil farmers’ commitment to set aside the appropriate area for the cultivation of agricultural commodities in order to ensure the government’s support for farmers.

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Ijaz said that increasing domestic oil output is essential for making edible oil exportable and asked for strong collaboration between the Dalda Board and the Punjab government in identifying suitable sites for oilseed growing.

S M Tanveer, the provincial minister of industry and commerce, praised Pakistan’s scientists, farmers, and residents for their commitment but lamented the absence of an effective system in his speech. Tanveer pointed out that the Greater Canal Thal project is inactive, and machinery is rotting away at 58 tiny dams in the Potohar Region.

Tanveer mentioned ongoing initiatives to create a master plan for agricultural growth spanning ten years. He emphasizes the government’s stern opposition to smuggling and predicts a rise in industrial commodities output. Tanveer emphasized the need to lessen the $5 billion annually spent on imported edible oil, with the business sector firmly backing the drive for self-sufficiency.

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Officials from the Department of Agriculture gave a thorough presentation on the steps taken to increase the output of oilseeds. Chairman Dalda Board, CEO Board, Board Members, DG Extension Agriculture, DG Industries, DG Research, chief scientists, agronomists, and concerned officers were all present at the meeting.

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