Indonesia Agrees To Resume Palm Oil Export To Pakistan.

ISLAMABAD -- Indonesia has agreed to resume palm oil export to Pakistan during the visit of Federal Minister for Industries and Production Syed Murtaza Mahmud led a delegation to Jakarta.

Two shipments of palm oil carrying 30,000 and 27,000 have left for Pakistan on Tuesday. Another 8 shipments are expected to reach Karachi before the end of June 2022, says a press released received here on Tuesday from Jakarta. Upon the special instruction of Prime Minister (PM) Muhammad Shehbaz Sharif, Federal Minister for Industries and Production Makhdoom Syed Murtaza Mahmud led a delegation to Jakarta from 12- 14 June 2022. The objective of the visit was to minimise the impact of the recent decision of the Government of Indonesia to ban the export of palm oil on Pakistan's economy and ensure the steady flow of the commodity in the Pakistani market. Pakistan is the third largest importer of Indonesian palm oil. In 2021, Pakistan had imported 2.78 million tonnes of palm oil from Indonesia.

During the visit, Federal Minister for Industries and Production Syed Murtaza Mahmud met with the Indonesian Minister of Trade Muhammad Lutfi, Minister of Industry Agus Gumiwang Kartasasmita, and Coordinating Minister of Maritime and Investment Affairs Luhut Binsar Panjaitan. Representatives of the largest palm oil exporters to Pakistan and the Chairman of the Indonesian Palm Oil Association also called on the minister. In his interaction with the Indonesian minister of trade, while highlighting the strong historical and brotherly relations between Pakistan and Indonesia, Murtaza...