Traders place onion import order: PFVA

News Image

MG News | September 01, 2022 at 01:04 PM GMT+05:00

0:00

September 01, 2022 (MLN): The import orders for shipment of onions have been placed, Waheed Ahmed Patron in Chief of Pakistan Vegetable and Fruits Exporters Association (PFVA) informed on Thursday.

The government has allowed importing of up to 13,000 tons of onion. In order to materialize the said permit, food importers have made agreements with companies of UAE, Turkey, China and Egypt, he added.

“Within a period of twenty days, the import consignment of onions will arrive,” he noted.

The decision of the government to import food products in these tough times will help stabilize the prices of onions in the domestic market.

It is pertinent to mention that the import consignment of onions from Iran and Afghanistan has already arrived.

To note, the fear of food shortages and supply chain disruption is started being reflected in spiraling inflation owing to the catastrophic monsoon floods.

Following the surging prices of fruits and vegetables amid floods, Finance Minister Miftah Ismail, earlier this week, stated that these prices will keep on increasing and the government might also consider the option of importing from India to address supply chain disruption.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,960.65
392.43M
0.97%
1646.79
ALLSHR 103,659.28
947.75M
0.62%
643.69
KSE30 52,557.52
150.39M
1.36%
703.46
KMI30 245,023.89
112.16M
1.14%
2764.20
KMIALLSHR 67,064.35
524.22M
0.51%
340.18
BKTi 47,590.36
57.61M
1.56%
728.93
OGTi 33,487.27
7.87M
-0.38%
-127.99
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 85,940.00 85,950.00
85,135.00
1120.00
1.32%
BRENT CRUDE 59.67 59.80
59.58
-0.15
-0.25%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
2.25
2.54%
ROTTERDAM COAL MONTHLY 97.50 97.50
97.50
0.75
0.78%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 55.85 55.99
55.75
-0.15
-0.27%
SUGAR #11 WORLD 14.47 14.80
14.38
-0.29
-1.96%

Chart of the Day


Latest News
December 19, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


December 18, 2025 at 10:07 PM GMT+05:00

SBP reserves nears $16bn


December 18, 2025 at 05:22 PM GMT+05:00

PKR remains flat against USD


December 18, 2025 at 05:19 PM GMT+05:00

Bank of England cuts rate to 3.75%


December 18, 2025 at 04:33 PM GMT+05:00

World Bank backs Pakistan’s gas sector sustainability drive



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg