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World Agriculture News

May 2015

News Archive

Pakistan running out of milk
He said that the last four LDFAs cumulatively materialized business commercial deals amounting to Rs 1 billion and boosted up the agrarian economy of Sindh.
Wednesday, May-27-2015

Development of agriculture sector key to overall economic progress
Finance Minister says the government would give due importance to this sector in the next budget
Wednesday, May-27-2015

Concern at decrease in pulses production
The concern echoed at a seminar titled 'Innovative strategies for enhancing production of food legumes' arranged here by the University of Agriculture.
Wednesday, May-27-2015

Pakistan Meat Festival 2015 inaugurated
rade Development Authority of Pakistan is making concerted efforts to introduce non-traditional Pakistani products like Halal meat, fruits and vegetables to different parts of the world.
Wednesday, May-27-2015

Grow My Own Research Centre established
This will give them hands-on opportunity to experience agriculture on a small scale while building their confidence as a gardener and producer of the ingredients to be used in their culinary experimentations.
Wednesday, May-27-2015

Hydel resources exploitation imperative
Though end of loadshedding for the industrial sectors for a few days was a good omen but energy demand would be increased in near future.
Wednesday, May-27-2015

Pakistan proposes free trade accord with Belarus
The delegation comprised businessmen from textile, metal, oil and chemical, agriculture machinery, food processing, pharmaceutical and other sectors. Ministers of textile, oil and gas and light engineering were also part of the team.
Wednesday, May-27-2015

KP-BoIT working to modernise agriculture sector
A piece of land, measuring 1000 acres has been identified for investors to establish a state-of-the-art processing unit with operational capacity of 50 tons per day.
Wednesday, May-27-2015

PITB launches smart phone application to stop water theft
He said that smart monitoring of irrigation water system was a landmark initiative by PITB and Punjab Irrigation Department funded by the World Bank that would help real time data collection with geo-tagged pictorial evidences.
Wednesday, May-27-2015

Space for flood water Irsa stops filling of Tarbela, Mangla dams
The water managers have already stored 3.616 MAF water in the Tarbela dam. Similarly the country's biggest upgraded Mangla reservoir on the river Jhelum has so far been filled up to 1209 ft level against its maximum height of 1242 ft.
Wednesday, May-27-2015

Two-day LDFA-2015 to begin from May 30
He said that LDFA-2015 was aimed at targeting corporate sector, technological solutions, growers/farmers, investors, diplomatic missions, ambassadors, etc to attract foreign and domestic investments in the potential sectors.
Wednesday, May-27-2015

Rehabilitated units Guddu power plant seeks additional gas
Sources said that the management of Guddu power plant wants to increase power production capacity of the plant from 1320 MW to 1751 MW within four months.
Wednesday, May-27-2015

PTEA calls for zero-rating of textile exports
Textile industry is facing unprecedented crisis since many years and consequently, sizeable textile capacity had been severely impaired.
Wednesday, May-27-2015

Textile industry: government urged to create new job opportunities by spurring growth
He has put forward budget proposals, saying that the foremost is to operationalise the closed capacity by providing guaranteed uninterrupted energy supply to the export oriented Textile Industry at competitive rates.
Wednesday, May-27-2015

Cotton market: Spot rate drops further on modest trade
The official spot rate continued downfall, losing more Rs 50 to Rs 5400, dealers said. In the ready session, only 3000 bales changed hands between Rs 5175-5700, they said.
Wednesday, May-27-2015

THE RUPEE: slight recovery
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also gained five paisa in relation to the dollar for buying and selling at Rs 103.30 and Rs 103.50, they said.
Wednesday, May-27-2015

Wheat rusts caused massive crop losses in 50 years
Wheat rusts have caused hundreds of millions of dollars in crop losses during the past 50 years in Pakistan, and large scale epidemics continue to threaten the food security of the country.
Saturday, May-23-2015

Government urged to set up mango development centres
He said that although the first shipment of Pakistani mangoes usually land in Dubai in the third week of May, it was impossible for the exporters to meet the deadline by repacking mangoes in corrugated cartons without raising prices.
Saturday, May-23-2015

PKI determined to get rights
They said people of the area were already in financial crisis and after the decision it would be increased more and agriculture of the area would be ruined.
Saturday, May-23-2015

Zero-rated status may end: Dairy sector may be placed in sales tax exemption regime
Due to hit the floor of National Assembly on the 5th of June, the new federal budget, if passed into law, would see the dairy items incorporating in the Fifth Schedule of Sales Tax Act 1990 through the last fiscal budget, placed in the Sixth Schedule (exempt category).
Saturday, May-23-2015

Need to conserve biodiversity stressed
He said that sustainable use of biological resources is yet a challenge for society as a whole, and hence it needs collaboration and an integrated approach.
Saturday, May-23-2015

Fresh fruits' exports to Gulf: government urged to ensure availability of cargo aircraft at Multan Airport
He also said that since Multan was a hub of mango and it produces 80 percent of total production of the country, similar facilities be provided at Multan airport as were given at Lahore and Karachi airports to exporters.
Saturday, May-23-2015

Diesel and furnace oil: Prime Minister approves converting power plants to LNG
On industrial feeders average load-shedding this year has been four hours. The Prime Minister directed that tangible steps should be taken to control power theft while speeding up recoveries.
Saturday, May-23-2015

Fiscal Year 2016 budget: government decides to slash power subsidy
The government however refused to accept the proposal of differential tariffs in different parts of the country, saying that any such decision will create political unrest.
Saturday, May-23-2015

Prime Minister pushes for stronger energy ties with Central Asia
Though the World Bank is financing half the project, CASA 1000 faces challenges since Kyrgyzstan and Tajikistan can produce an energy surplus only in the summer when their mountain rivers fill with water.
Saturday, May-23-2015

Government taking drastic steps to enhance exports
Roomi said that value added sector can contribute to the national economy if the trade facilitation and liberalisation be ensured through improving export competitiveness and reduce the cost of doing business.
Saturday, May-23-2015

PTEA seeks incentives to boost exports
2014 remained a very difficult year for textile sector, as the industry faced severe energy crises, scarcity of funds, rising cost of production and deteriorating economic conditions," they added.
Saturday, May-23-2015

Cotton market: prices firm on strong demand
The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 2800 bales changed hands between Rs 5300-5800, they said. Seed cotton prices in Sindh were at Rs 2100-2700 and in Punjab at Rs 2500-3100, they said.
Saturday, May-23-2015

THE RUPEE: downward trend
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also dropped by 10-paisa versus the dollar for buying and selling at Rs 103.00 and Rs 103.20 respectively, they said, adding that it also lost 50-paisa versus the euro for buying and selling at Rs 115.00 and Rs 115.25.
Saturday, May-23-2015

Surplus wheat: Only 20% of 1.2m-ton target exported
The subsidy was given to facilitate farmers keeping in view the high price of wheat in Pakistan compared to rates in the international market.
Friday, May-22-2015

PMAS-AAUR, KRC agree to enhance coop in agri field
They also agreed to train the farming community in getting new technologies so that they could increase per acre production.
Friday, May-22-2015

US helping Balochistan improve food storage to market its products
He noted that at the start of the project, US and Pakistani officials realized that finding a way to "help Balochistan's perishable crops reach consumers throughout Pakistan in the best and safest condition possible would help to reduce losses, improve returns to farmers, and meet the demands of consumers."
Friday, May-22-2015

Prime Minister likely to attend global moot on water
The primary goal of the Conference is a comprehensive discussion of the issues of implementation of the International Decade for Action "Water for Life", 2005-2015, which will later play a crucial role in conducting a comprehensive review of the implementation of the International Decade while bringing its results to the notice of the wider international community.
Friday, May-22-2015

Agencies asked to take necessary steps towards flood threat
The minister further said that protective bunds and spurs should be in best condition in order to avoid losses in any flood situation, therefore special attention should be paid to this effect.
Friday, May-22-2015

Government urged to exempt soybean meal from ST
Soybean meal, for the purpose of imports from India, was moved from sixth schedule where it was exempted from import duty as well as sales tax.
Friday, May-22-2015

Punjab to bring 4.44 million acres of land under paddy cultivation
The Punjab has fixed a target of bringing 4.44 million acres of land under paddy cultivation for the forthcoming season with a production target of 3.5 million tonnes.
Friday, May-22-2015

Current average power rate to be maintained
Sources said the government was required to reduce electricity tariff by around Rs 2.20 per unit on account of different surcharges which would give around Rs 120 billion saving to the government by maintaining tariff at existing level.
Friday, May-22-2015

Cotton prices maintain high levels
Despite weaker advices from New York and India, domestic cotton prices were mostly held tightly. Meaningful arrivals of new cotton crop may take another six to eight weeks, therefore meager quantities of new crop (August 2015/July 2016) are being sold for forward deliveries.
Friday, May-22-2015

Rates move up further on persistent demand
Cotton contracts for July settled down by 0.2 cent on Wednesday, a 0.3 percent loss, to 64.15 cents per pound, after falling as low as 63.71 cents a lb, the lowest level for the front-month since April 23.
Friday, May-22-2015

THE RUPEE: all-round declines
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also dropped by 10-paisa in relation to the dollar for buying and selling at Rs 102.90 and Rs 103.10 respectively, and it also slipped by 25-paisa versus the euro for buying and selling at Rs 114.50 and Rs 114.75 respectively, they added.
Friday, May-22-2015

High yield: Promoting mushroom cultivation
The production of per-square meter of mushrooms is 10 to 15 kg. The cost of production is Rs100-150 per kg and is sold in the wholesale market at a price of Rs600 per kg and in retail markets at Rs900-to 1000 per kg.
Wednesday, May-20-2015

Spring, kharif crops: seasonal changes can impact production
He also advised the growers to use the moisture present in land after disposal of wheat crop to prepare the field for paddy and use laser land levellers to level it.
Wednesday, May-20-2015

Irsa discharges 270,300 cusecs water in canal network
The water inflow in the river Indus at Jinnah barrage is 124300 cusecs , at Chashma 110600 cusecs at Taunsa- 90800 cusecs at Panjnad-59500, at Guddu-96200 cusecs at Sukkur-62400 cusecs and at Kotri-Inflows 22800 cusecs.
Wednesday, May-20-2015

China can collaborate to make Pak fruits in line with international standards
There is a dire need to focus on this industry and to upgrade it by boosting both the fresh fruit packaging, grading and processing for value addition and to approach markets for export of fresh fruit and value-added products, he added.
Wednesday, May-20-2015

Need for reforms to increase tax ratio emphasised
Country study report presented to the workshop states that an analysis of the impact of current policy and its implementation on all three themes, tax concessions and exemptions, RGST and Property tax, on the SMEs shows that Pakistan needs to do a lot more to promote the sector.
Wednesday, May-20-2015

Supreme Court verdict on GIDC hits textile industry
The emerging situation on GIDC and its implications would add salt to the wound and the industry would be burdened further in the absence of liquidity flow," he added.
Wednesday, May-20-2015

Cotton market: prices sharply up on restricted selling by ginners
The official spot rate was higher by Rs 50 to Rs 5500, dealers said. In the ready session, over 3000 bales changed hands between Rs 4900-5800, they said.
Wednesday, May-20-2015

THE RUPEE: mixed trend
INTER-BANK MARKET RATES: The rupee continued weakness against the dollar, losing 10-paisa more for buying and selling at Rs 102.90 and Rs 103.10 respectively, while it recovered Rs 1.80 versus the euro for buying and selling at Rs 115.00 and Rs 115.25 respectively, they added.
Wednesday, May-20-2015

Pakistan starts mango export tomorrow
The production of 1.8 million tones of mango is being forecast this year despite huge losses made to the fruit due to climatic hazards in upper Punjab.
Tuesday, May-19-2015

Economy growth: Pakistan set to miss target for second year
Production of both major and minor crops, livestock and forestry remained below the government?s projected targets.
Tuesday, May-19-2015

Disease hits tobacco crop in Swabi
The farmers said that they didn't know what the name of the disease was but they locally called it 'burning of the crop' because they felt that the leaves of tobacco were burning.
Tuesday, May-19-2015

Minister warns Asia-Pacific highly vulnerable to climate change
Neglecting the looming threats of increased weather-related disasters would put millions of Asia's most vulnerable people at increased risk of poverty, ill health and premature death, he cautioned.
Monday, May-18-2015

Climate change damaging crops in Pakistan
The land of low-lying areas have been the most suitable for wheat cultivation but this year they could not be ploughed for being too wet. The rainwater swept away the paths which connect villages with farmlands.
Monday, May-18-2015

Rivers Kabul, Jhelum in low flood
According to the 17th May water report of Met Office 94,400 cusecs water is running in the Indus River at Tarbela dam. IRSA is releasing 55,000 cusecs water downstream the dam.
Monday, May-18-2015

Denmark experts to upgrade PSC seed processing plants
The step was in line with farmers friendly policies of the government and to increase agriculture produce in the province, they added.
Monday, May-18-2015

Food grains, other kitchen items witness modest increase in prices
Some of the food items including edible oil, pulses, wheat flour and a few vegetables have witnessed massive increase in their rates.
Monday, May-18-2015

Working group proposes withdrawal of tax exemptions on tobacco products
Tobacco taxes that translate into price increases are considered the single most effective option for reducing tobacco use and increasing revenue.
Monday, May-18-2015

Mode of currency for inland freight subsidy on sugar: FBR accused of misleading Dar
Economic Co-ordination Committee (ECC) of the Cabinet, in its recent meeting, approved a summary submitted by the FBR in which the latter convinced the committee that subsidy given in 2012 was not for sugar export to Afghanistan in Pak rupees.
Monday, May-18-2015

Iran-Pakistan gas pipeline will become a reality soon
The project has important political and economic dimensions for the two neighbouring countries but US has remained the biggest obstacle forcing Pakistan to get gas from Turkmenistan, he added.
Monday, May-18-2015

APTMA team calls on Zardari
Issues relating to the textile industry were discussed during the meeting.
Monday, May-18-2015

Textile industry should not be burdened with GIDC
He said the textile industry exports have registered a decline of 16 percent in March 2015 month on month basis.
Monday, May-18-2015

THE RUPEE: modest fall
In the open market, the rupee was down by 20 paisa in relation to the dollar for buying and selling at Rs 102.60 and Rs 102.80. The rupee fell sharply in terms of the euro, losing Rs 3.55 for buying and selling at Rs 117.30 and Rs 117.55.
Monday, May-18-2015

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.031 billion and number of lots traded was 11,405.
Monday, May-18-2015

PARC seeks Turkish help to boost olive cultivation
Olive cultivation can play a vital role in eradicating poverty in the less developed areas of KP, FATA and Balochistan, where a huge potential for olive cultivation has already been identified.
Saturday, May-16-2015

Preparing for budget: Experts weigh in on economic outlook
The all-important sector of agriculture and the conservation and optimum utilisation of its resources, such as water, was also not duly addressed.
Saturday, May-16-2015

FAP welcomes credit guarantee scheme for small farmers
Agriculture is all nature backed and there is nothing in the hand of farmers. So, those devising this scheme should consider all the aspects of it to make the scheme a success.
Saturday, May-16-2015

1200 megawatts LNG power plant: HBL, NBP offer to underwrite financing
The Presidents of both the banks expressed full confidence in the commercial and economic viability of the project and called it an important initiative towards alleviation of energy crisis.
Saturday, May-16-2015

PCMEA concerned over FBR proposal to increase ST
Pakistan has suffered a huge decline of over 50 percent during the last seven years as handmade carpet exports have fallen to $120 million from its peak of $320 million, depriving almost 0.5 million people of direct employment," they mentioned.
Saturday, May-16-2015

High cost of doing business hitting textile exports hard
The textile industry refunds under the heading of sales tax, income tax and DLTL worth Rs 160 billion are lying pending with the government.
Saturday, May-16-2015

Cotton market: prices higher on tight supply
In the ready session, approximately, 6000 bales changed hands between Rs 4200-5750, they said. Seed cotton rates in Sindh were unchanged at Rs 2000-2600 and in Punjab prices registered at Rs 2400-3100, they said.
Saturday, May-16-2015

THE RUPEE: rates slip
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee stayed up in terms of the dollar for buying and selling at Rs 102.60 and Rs 102.80 respectively however, it picked up 40-paisa versus the euro for buying and selling at Rs 116.25 and Rs 116.50 respectively, they added.
Saturday, May-16-2015

Credit Guarantee Scheme for small farmers launched
He was addressing a ceremony here at the Prime Minister''s Office at the launch of a Credit Guarantee Scheme for small farmers.
Friday, May-15-2015

Depleting water resources may put economic growth on stake
The article on water conversation describes the repercussions of the water crisis for industrial sector and also suggests strategies for water management and conservation.
Friday, May-15-2015

Wheat supply: Finance ministry refuses to clear all PASSCO dues
The outstanding amount against the G-B government has been piling up since 2009, after the federal government decided to withdraw the subsidy on wheat provided to the region from Passco?s storages.
Friday, May-15-2015

$341 million skimmed milk powder imported in three years
According to UN Comtrade database, Pakistan imported in 2012 approximately 35 million kilogram worth $102.1 million; in 2013 approximately 22 million kg value $70.7 million and in 2014 approximately 33.5 million kg of $117 million skimmed milk and whey powder.
Friday, May-15-2015

Two leading tractor makers raise prices ahead of budget
According to sources, the government will also include the tractor industry in the new auto policy and will offer incentives to new investment so that farmers may get tractors at reasonable rates.
Friday, May-15-2015

Consumers urged to save energy
The company has also requested the industrial consumers to extend their co-operation to save at least 25 percent energy and all commercial consumers to close all the shopping plazas and shops by 8.00 pm sharp.
Friday, May-15-2015

EU Trade Office of GSP Programme team visits APTMA
He said the main focus was on implementing human rights including labour right, child labour, women right on floor level, gender balances, OHAS standards, and unionisation.
Friday, May-15-2015

Decreasing stocks increase cotton prices
With only about 200,000 bales of unsold cotton left from the outgoing season (August 2014 / July 2015), cotton prices remain firm in the domestic market.
Friday, May-15-2015

Rates stabilise on mills' demand
In the ready session, approximately, 7000 bales of cotton changed hands between Rs 4900-5625, they said. Seed cotton rates in Sindh were unchanged at Rs 2000-2600 and in Punjab prices registered at Rs 2400-3100, they said.
Friday, May-15-2015

THE RUPEE: modest fall
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee almost held the overnight levels against the dollar for buying and selling at Rs 101.82 and Rs 101.84 respectively, they said.
Friday, May-15-2015

Agricultural growth key to economic success
The report presents an emerging pattern of the land tenure system in different provinces of the country, and tries to understand how the changing dynamics of power contributes to them.
Thursday, May-14-2015

Agriculture sector: Experts put misconceptions about Seed Act 2014 to rest
Experts have contradicted the claim that the Seed Act 2014 is an anti-farmer legislation, stating that it will prove helpful in ensuring quality seed for farmers by streamlining trade channels and discouraging seed mafia.
Thursday, May-14-2015

Extending assistance: Australia eager to help Pakistani farmers
He said that his country wants to help raise famers? income and create new employment opportunities through value-chain improvement.
Thursday, May-14-2015

Climate change to worsen water woes
It was losing 40 percent of its irrigated water due to traditional way of farming and other issues. The situation is not only aggravating the water scarcity but also posing a threat of food insecurity.
Thursday, May-14-2015

Ramazan package: Punjab set to announce Rs6b subsidies
A senior official who attended a briefing to Chief Minister Shahbaz Sharif on the Ramazan package says stalls will be set up at the Ramazan Bazaars by both the Agriculture Department and the Utility Stores Corporation of Pakistan.
Thursday, May-14-2015

PARC recommends 8 new high-yielding maize varieties
These varieties included ten hybrid varieties and one Open-Pollinated (OP) variety, out of which the committee recommended eight varieties to be forwarded to Seed Council while rejecting two others.
Thursday, May-14-2015

Government all set to appoint agriculturist in NCT against rules
The council gets only Rs 500,000 annually from federal government to meet its establishment and operating expenses and just Rs 500,000 for distribution among 33 Tibbi colleges as grant.
Thursday, May-14-2015

Speakers defend the Seed Act 2014
The Seed [Amendment] Act 2014 never talks about the Intellectual Property Rights; for IP rights another law Plant Variety Protection is being legislated.
Thursday, May-14-2015

Met office issues advisory for wheat crops
Farmers of upper half and north-west Balochistan should be careful about irrigation and spraying chemicals on the crops during or before expected rains.
Thursday, May-14-2015

Avoiding ban on fruits' export Bosan for evolving new strategy to stay in world market
In his welcome address, Mian Iqbal Hassan President of MCCI said that there is a lot of potential for exports of fruits, vegetables and flowers from South Punjab to the world.
Thursday, May-14-2015

Prime Minister reviews energy situation
The Prime Minister directed that projects must be completed within the stipulated timeframe, allowing the government to meet the energy shortage during its tenure in office.
Thursday, May-14-2015

PTA chief opposes increase in ST
He said that PTA has already sent its proposals to the FBR and the Ministry of Finance with a request to incorporate them into the upcoming federal budget (2015-16).
Thursday, May-14-2015

Six percent import duty on PSF ruins industry
He also said, "The textile industry in Pakistan is becoming unviable in terms of export of yarn and fabric. The industry growth has become stagnant due to non-diversification since long.
Thursday, May-14-2015

Most of textile units remain closed in protest
Most of the textile processing units were remained closed, here on Wednesday as a mark of protest against the harassment of business community by abusing Section 38 and 40-B of the Sales Tax and a protest rally was also taken out by owners, workers and Industrialists.
Thursday, May-14-2015

Cotton market ginners raise asking prices on tight supplies
The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, only 2000 bales changed hands between Rs 4350-5700, they said.
Thursday, May-14-2015

THE RUPEE: rates slip
The rupee inched down versus the dollar on the money market on Wednesday in the process of trading, dealers said.
Thursday, May-14-2015

Investigation ordered into sale of substandard seeds
On the receipt of reports about the presence of uncertified seeds in the market, the minister convened a meeting of high-ranking officers of the provincial Agriculture department on Tuesday and directed to take action against those selling uncertified seed and fertiliser.
Wednesday, May-13-2015

Demand low for Pakistani rice in global market
The price of Pakistani basmati is higher by at least $100 to $150 compared to Indian basmati, and that is a big hurdle in the way of exports.
Wednesday, May-13-2015

Imminent threat: To fight climate change, look to the mountains
He said mango trees were not bearing enough fruit. He said combating food insecurity was a priority of the government but it had failed to understand the link between food insecurity and climate change.
Wednesday, May-13-2015

US FOB Gulf corn, soya basis offers firm
Wheat prices continue to be depressed by the strong dollar and abundant overseas supplies.
Wednesday, May-13-2015

Gas prices to be raised from July 1
He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working paper to increase gas prices from July 1, 2015.
Wednesday, May-13-2015

50 shades of inequality in Pakistan
A Pakistan where political participation and power is shared between the rich and poor regardless of gender, class or religion and most importantly where wealth is not concentrated in the hands of a handful.
Wednesday, May-13-2015

Cotton market: rates firm as sellers refrain from big deals for now
The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, over 6000 bales changed hands between Rs 4350-5600, they said.
Wednesday, May-13-2015

THE RUPEE: marginal changes
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee dropped further five-paisa in relation to the dollar for buying and selling at Rs 102.45 and Rs 102.65 respectively.
Wednesday, May-13-2015

Secure the insecure food-security
Pakistan is facing severe food security crises even though agriculture is the base of Pakistan?s economy contributing 21% of the GDP.
Friday, May-08-2015

PASSCO procures 307,363 metric tonnes of wheat
PASSCO had established its centres in Punjab, Sindh and Balochistan provinces to facilitate the growers to sell their produces on official fixed rates.
Friday, May-08-2015

Met office issues advisory to farmers
It warned that the weed growth was feared to scale down crops yield eventually and urged the farmers to step up the unneeded plants following the expected rains.
Friday, May-08-2015

0.15 million tons of urea: ECC to allow further import through TCP
Total availability would be 2.69 million tons against an aggregate demand of 2.9 million tons.
Friday, May-08-2015

Urea scam: NFML MD removes 8 employees
According to a reference submitted to NAB, there is ''irrefutable'' evidence in the form of record at stores, outstanding stocks in transit data, allocation to defaulting contractors and the ultimate default by a number of CCs which NFML is now facing and pursuing that dumping was done on a massive scale.
Friday, May-08-2015

Engro Corp board reshuffled
The new inductees' tenure would be last for three years having started from 22nd of last month.
Friday, May-08-2015

Cigarette packs: KP farmers resent move to increase size of 'GHW'
According to these estimates, even if there is only a 20 percent decline in tobacco crop purchases in Pakistan, tobacco crop requirement is likely to reduce by around 20 million kilograms.
Friday, May-08-2015

PTEA calls for business-friendly budget
The government should bring in necessary reforms and give special status to export-oriented textile industry allowing zero rating facility to boost investment and revive growth.
Friday, May-08-2015

Cotton market remains tight
Again seedcotton prices have moved up by Rs 100 per 40 kgs this week both in Sindh and Punjab though the leftover quantity of seedcotton is very meager. Similarly, lint prices have also risen by Rs 100 to Rs 150 per maund (37.32 kgs) this week.
Friday, May-08-2015

Rates firm on tight supplies of fine type
The official spot rate was unchanged at Rs 5400, dealers said.
Friday, May-08-2015

THE RUPEE: minor changes
INTER-BANK MARKET RATES: OPEN MARKET RATES: While, the rupee was unmoved in relation to the dollar for buying and selling at Rs 102.40 and Rs 102.60 respectively, they said.
Friday, May-08-2015

Daily trading report of PMEX
PMEX Commodity Index closed at 2,662.
Friday, May-08-2015

Role of ZTBL in agriculture sector for economic development of Pakistan
It is the only institution playing a vital role by providing a combination of technology along with credit for enhancing the agriculture productivity in Pakistan.
Thursday, May-07-2015

Existing facilities for grains storage insufficient
The existing storage facilities available are insufficient at various levels to come with large increase in production.
Thursday, May-07-2015

Irsa wants Wapda to fill Mangla to the maximum
The present reservoir level of Mangla Dam as of today is 1,207.25 feet above mean sea level as compared to 1,152.85 feet on the same day of last year, which indicates more water availability in the reservoir.
Thursday, May-07-2015

Irsa warns of water crisis, seeks PSDP freeze
The water regulator, comprising irrigation and engineering experts from all the four provinces and the centre set up following the 1991 water apportionment accord, did not specifically name the major water reservoirs but pointed out that at the very minimum 22 million acre feet (MAF) storage capacity should be developed at the earliest.
Thursday, May-07-2015

World entering into new era of food insecurity
He said the emerging danger had nothing to do with the availability of food but its price which had gone out of the reach of almost a billion people.
Thursday, May-07-2015

IRSA overrules order of AJK government
He also said the Indus River System Authority had endorsed the WAPDA's viewpoint that the Mangla reservoir has a natural embankment on suburbs of Mirpur city and ideally no road should be constructed on natural embankment area.
Thursday, May-07-2015

Tractors on subsidised rates Punjab's decision lauded
The provincial government will give Rs 0.2 million per tractor as subsidy to small farmers having up to 12.5 acre of land.
Thursday, May-07-2015

Minister agrees to scrap power policy
"The document of Power Policy 2015 will be reprinted after federal and provincial governments evolve consensus and IPC Division will then decide which Ministry will send the Policy notification in the official gazette of Pakistan," the sources continued.
Thursday, May-07-2015

APTMA KP moves PHC against levy of cess
In addition to this the Petitioner took the ground that as per precedents the Cess is like an excise duty and as per law excise duty could not be charged on imported items including any raw material.
Thursday, May-07-2015

Over 100 trade visitors from Pakistan attending Texprocess
Techtextil and Texprocess, the sector's leading international trade fairs opened on 4th May 2015. The Frankfurt Main trade fair site will be home to total of 1,662 exhibitors from 54 countries.
Thursday, May-07-2015

Cotton market: rates pick up further on sustained demand
The official spot rate was higher by Rs 50 to Rs 5400, dealers said. In the ready session, approximately, 5000 bales changed hands between Rs 4400-5600, they said.
Thursday, May-07-2015

THE RUPEE: minor changes
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was unmoved in relation to the dollar for buying and selling at Rs 102.40 and Rs 102.60 respectively, but it dropped by 85-paisa against the euro for buying and selling at Rs 114.60 and Rs 114.85 respectively, they said.
Thursday, May-07-2015

Daily trading report of PMEX
PMEX Commodity Index increases by 0.30 percent and closed at 2,681.
Thursday, May-07-2015

Horticulture trade: Pakistan's modest share in global exports 'shameful'
Pakistani fruits and vegetables have great export potential that needs to be harnessed to capture hungry world markets where Pakistani mangoes, dates and kinnow in particular, are in great demand.
Wednesday, May-06-2015

PDA concerned over removal of dairy sector from zero-rating list
Over 600,000 farmers engaged in the dairy value chain across the country will have their livelihoods negatively impacted and will notice a decrease in demand for the milk they produce.
Wednesday, May-06-2015

Rain-ravaged regions Calamity status sought
He told a farmers' delegation that standing crops, including those in Layyah, had been badly hit because of the rains and hailstorm.
Wednesday, May-06-2015

PCGA demands ban on shifting of sugar mills
It demanded of the government to take suo motu action of this unlawful shifting and impose a ban on shifting of sugar mills to Southern Punjab which had been declared as cotton belt and take effective measures for the protection of white gold (cotton) economy and to promote the export of textile products.
Wednesday, May-06-2015

Sugar exports to Afghanistan ECC endorses FBR's viewpoint
ECC approved the summary to incentivise export of sugar by providing a reduced rate of Federal Excise Duty leviable on local supply of sugar @ 0.5% instead of a rate of 8% leviable on production and supply of sugar.
Wednesday, May-06-2015

Solar power to cost more
Background interviews with power sector experts reveal that 100MW project of 1000MW solar Power Park''s average availability factor will be within the range of 16 to 17 or 18 percent because of Chinese technology which implies the average generation from 1000 MW solar park will not be more than 180MW.
Wednesday, May-06-2015

Cotton market Renewed buying interest keeps rates firm
The official spot rate was unchanged at Rs 5350, dealers said.
Wednesday, May-06-2015

Sindh govt implementing mega project in Agri sector
This he said while presiding over a meeting here on Tuesday to expedite implementation of SAGP recently launched with 86% financial assistance of its total cost from World Bank.
Wednesday, May-06-2015

Cooperative Bank releasing loans for Kharif crops
The provincial minister has directed Cooperative Department and bank staff to complete the work of releasing loans and recovery of inactive loans according to fixed targets.
Wednesday, May-06-2015

THE RUPEE: mixed patterns
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee, however, gained five-paisa in relation to the dollar for buying and selling at Rs 102.40 and Rs 102.60 respectively, they said.
Wednesday, May-06-2015

Daily trading report of PMEX
PMEX Commodity Index increases by 0.61 percent and closed at 2,673.
Wednesday, May-06-2015

Poultry sector seeks zero-rating
The promotion of processing in poultry will bring stability in prices and create exportable products.
Tuesday, May-05-2015

Sugarcane cultivation area shrinking continuously
Growers consider the price of sugarcane low while industrialists have the opposite stance and a number of petitions have been filed by sugar mills against the indicative price announced by provincial governments.
Tuesday, May-05-2015

Federal, Punjab, Sindh governments Rs 1.39 billion wheat subsidy paid so far
Governments of Punjab and Sindh have also chipped in additional rebate of Rs 3,500 and Rs 4,500 per ton.
Tuesday, May-05-2015

Dr Malik rejects leasing Reko Diq to third party
Chief Minister Balochistan, Dr Abdul Malik Baloch, in strong terms dispelled the impressions of leasing unlocked assets of Reko Diq to third party.
Tuesday, May-05-2015

Don't burn wheat sticks for soil enrichment
He said that farmers should utilize Disk Harrow instead of Rotovator to bury the wheat sticks in soil and apply water.Cotton be sown in the same soil condition through drill.
Tuesday, May-05-2015

Govt asked to control power theft and line losses
He said that our economy has been facing a meltdown-like situation but the entire country is in grip of multiple challenges due to an acute energy shortage.
Tuesday, May-05-2015

PASSCO meets 22 percent of wheat procurement target
The minister lauded efforts by the corporation in the wheat procurement and issued directives for Balochistan farmers to ensure that they would never face hardships in selling their grain to the corporation.
Tuesday, May-05-2015

Cotton market: Listless trade as ginners show not much interest
The official spot rate was unchanged at Rs 5350, dealers said.
Tuesday, May-05-2015

THE RUPEE: slight fall
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the weekend levels versus the dollar for buying and selling at Rs 102.50 and Rs 102.70 respectively, but it picked up 45-paisa against the euro for buying and selling at Rs 113.75 and Rs 114.00 respectively, they said.
Tuesday, May-05-2015

Daily trading report of PMEX
PMEX Commodity Index increased by 0.80 percent and closed at 2,657.
Tuesday, May-05-2015

Govt making all out efforts to boost agriculture production
The banks have disbursed agriculture loan of over Rs 326 bln which is 65 % of the annual target.
Monday, May-04-2015

PARC introduces 11 new high-yielding rice varieties
In total, 19 rice varieties were presented before the VEC including 14 hybrid and five OP varieties, out of which 11 were approved and eight were rejected due to Bacterial-Leaf-Blight (BLB) disease susceptibility and poor grain quality performance.
Monday, May-04-2015

Punjab government allowed to export wheat
Governments of Punjab and Sindh have also chipped in with the additional rebate of Rs 3,500 and Rs 4,500 per ton. The transactions were allowed only through private exporters.
Monday, May-04-2015

Irrigation system: Punjab government spending Rs 50 billion on uplift schemes
The irrigation system of Punjab comprises 13 barrages/head-works and 24 main canals.
Monday, May-04-2015

CAS concerned over unfair distribution of gunny sacks
Last year, the provincial government announced a subsidy on 1600 tractors but not a single tractor was provided to growers on subsidy, it said.
Monday, May-04-2015

Pakistan'safe haven for foreign investors
He said that many leading global groups want to invest in Pakistan, the world?s sixth largest country by population, to enjoy higher returns, but western media has been conspiring to cause fear in their hearts.
Monday, May-04-2015

PCGA issues final output report: Around 14,871,174 cotton bales sourced to ginners
He said that 1,40,73,195 cotton bales were sold to the textile units and exporters bought 4,75,174 bales.
Monday, May-04-2015

THE RUPEE: modest gains
The rupee, in the open market gained the same amount to Rs 102.50 and Rs 102.70. The rupee, however, fell sharply versus the euro for buying and selling at Rs 114.50 and Rs 114.75.
Monday, May-04-2015

Bosan vows to buy every grain of wheat from farmers
He said that the farmer-friendly policies of the current government have benefited the farmers to a great extent adding that the government will carry on these policies to uplift the farming community.
Saturday, May-02-2015

Export quality mangoes: PBIT briefs Chinese delegation
The mango exporters then told the delegates about the global gap certified farms and the hot-water-treatment processing units available in the Punjab.
Saturday, May-02-2015

Uncompetitive milk prices: About 3.5 million dairy farms shut down in last 18 years
The pricing issue, the market sources say, is pushing, gradually though, the dairy farmers to close their businesses. "The trend to sale animals for slaughtering has rapidly increased in the recent years," said a dairy farmer.
Saturday, May-02-2015

Anti-farmer policies: KBP to chalk out strategy for 'long march' today
He also urged the government to chalk out a mechanism to extend social security, the old age benefit scheme and medical incentives to farm labourers like being given to factory workers, but severely criticised the millers, claiming that they had looted the farmers' compensation.
Saturday, May-02-2015

IRSA increases outflows from Mangla Dam to carry out repairs
The Indus River System Authority has increased outflows from the Mangla dam to bring the water level to 2000 ft from 1206 ft above sea to carryout urgent repairs including construction of retaining wall with specified design and compaction of the material for road foundation.
Saturday, May-02-2015

Wheat procurement target may be scaled up
It has been explained that the financial impact of additional 0.7 million tons would be around Rs. 24 billion (on account of bank borrowing and logistics arrangements to be made by Passco).
Saturday, May-02-2015

GST on petroleum products raised
The Federal Board of Revenue (FBR) has increased sales tax from 18 to 20 percent on motor spirit excluding HOBC and 32 to 34 percent on high speed diesel from May 1, 2015.
Saturday, May-02-2015

Prices of fine quality soar on strong demand
The official spot rate was unchanged at Rs 5350, dealers said. Over 4,000 bales of cotton sold between Rs 4000 and Rs 5600, they said.
Saturday, May-02-2015

Tractor industry wants subsidy on production
Such tractor schemes of Punjab as well as Sindh?s governments to provide cash subsidies to farmers, create an erratic demand in the market, resulting into a vicious circle of boom and bust in tractor industry.
Saturday, May-02-2015

THE RUPEE: slight gains
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee also rose by five-paisa in relation to the dollar for buying and selling at Rs 102.45 and Rs 102.65, they said. The rupee fell sharply in terms of the euro, dropping Rs 2.20 for buying and selling at Rs 114.20 and Rs 114.45, they said.
Saturday, May-02-2015


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