Wednesday, February 24, 2010
Govt slashes used oil import quota on Geo report
12:00 AM | 
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KARACHI: Federal Minister for Trade and Industries Amin Fahim Tuesday reduced the import quota of used lube oil and worthless diesel from 10 million ton to 50, 000 ton.
It may be reminded here that Geo News had aired a report about heavy allocation of quota for import of 10 million ton useless diesel and lubricant.
On this the Federal Trade Secretary told Geo that the ministry has reduced this quota.
The federal ministry has also directed that following the full import of 50, 000 ton used oil, the importer will also have to explain about proper use of already imported oil.
It may be reminded here that Geo News had aired a report about heavy allocation of quota for import of 10 million ton useless diesel and lubricant.
On this the Federal Trade Secretary told Geo that the ministry has reduced this quota.
The federal ministry has also directed that following the full import of 50, 000 ton used oil, the importer will also have to explain about proper use of already imported oil.
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