Ghee mils owners’ profit rises to Rs25 per kg

Updated at: 1810 PST, Tuesday, November 18, 2008 KARACHI: Amid decline in palm oil price in International market, ghee mills owners are earning a profit of Rs25 per kilogramme.Mill owners said on Tuesday that no promise was made to the government regarding the reduction of ghee price in open market and that it cannot reduce prices by force.The government said it would conduct a probe into mill owners’ profiteering.Members of Pakistan Banaspati Manufacturers Association (PBMA) told Geo News that the association promised the government to provide ghee at cheaper rates (Rs 95 per kg) only at Utility Stores.Meanwhile, secretary industries and production, Shahab Khawaja said that the PBMA had pledged to reduce prices of ghee, however, he said the association had sought more time because bookings had been made at previous rates.