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LAHORE: Commercial banks have started refusing opening of the letters of credit for edible oil imports despite exclusion of the sector from the condition of prior permission from the central...
SBP intervention sought in opening of LCs, clearance of containers.
Pakistan imports 90% of its edible oil to meet national requirement of over 4.5 million metric tonnes per annum
Ghee and cooking oil in Pakistan are going to be short in supply as well as costlier ahead of the holy month of Ramadan if the government does not take corrective measures, reported The Dawn.
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