TOMCL continues to export meat from sea route

MG News | September 21, 2023 at 10:37 AM GMT+05:00

0:00

September 21, 2023 (MLN): The Organic Meat Company Limited (PSX: TOMCL) will continue to export frozen and Vacuum-packed chilled meat products to its UAE customers via sea route from Pakistan, the latest company’s filing to the PSX showed today.

Yesterday, the United Arab Emirates (UAE) banned the import of fresh meat from Pakistan through the sea route after authorities discovered fungus on one of the consignments, with effect from October 10, 2023

The reason for this restriction was that one of the meat exporters, The Organic Meat Company Limited exported sub-quality fresh chilled meat to the UAE via sea.

The restriction is only on fresh chilled meat exports and shipments via sea and not via air.

Further, there are no restrictions on either frozen or Vacuum-packed fresh chilled meat shipments and exports to the UAE via sea.

TOMCL has extensive facilities to supply frozen and Vacuum-packed chilled meat products to its UAE customers and prospects, accordingly, this ban will not affect their revenues and margins.

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