Increasing milk imports destroying local dairy sector: FPCCI

News Image

By MG News | June 14, 2017 at 09:24 AM GMT+05:00

0:00

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday said increasing import of milk and whey powders are slowly destroying the local dairy sector while contributing to rural poverty and playing havoc with people's health.

The local dairy sector has become unattractive for investors which have resulted in falling milk production due to closure of hundreds of farms, it said.

The government should take immediate steps to reverse the situation otherwise Pakistan will become a milk-deficient country, said Atif Ikram Sheikh, Chairman FPCCI Regional Committee on Industries.

He said that local dairy sector is going down since 2013 due to the import of milk powder which runs in tens of millions. The country imports two to three crore kilograms of milk powder annually while the imports jumped to 44 million Kilograms in 2015.

Milk sellers have started cheap milk powder in fresh milk while many industries using fresh milk have switched to imported dry milk which has added to the problems of the local dairy sector, he observed.

Atif Ikram Sheikh said that Turkey has imposed 180 percent duty on import of milk; therefore, Pakistan should also hike duty to a minimum of 100 percent.

Local milk market should be regulated, adulteration should be discouraged and masses should know the difference between fresh milk and synthetic products which are very damaging for babies.

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,115.00 109,565.00
107,195.00
630.00
0.59%
BRENT CRUDE 66.60 67.20
65.92
-0.20
-0.30%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.98 65.82
64.50
-0.54
-0.82%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management


June 30, 2025 at 10:08 PM GMT+05:00

SBP’s March FX intervention stands at $860m



Top 5 things to watch in this week

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