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World Agriculture News

August 2015

News Archive

Farmers suggested to use rust free wheat seeds
The sources said the project would benefit 410 farmers of tehsil Muzffargarh, 333 of tehsil Kot Addu, 88 of tehsil Jatoi and 95 farmers of tehsil Alipur.
Monday, August-31-2015

Punjab allocates Rs1184m for farm mechanisation
The official said the approval had also been granted for optimizing watercourse conveyance efficiency through enhancing lining length with a cost of Rs 9316.491 million.
Monday, August-31-2015

To cope with natural disasters: engineers of irrigation department to get modern training
Senior engineers of Irrigation Department and other officers attended the meeting. A representative delegation of farmers of flood-affected areas was also present on the occasion.
Monday, August-31-2015

Crackdown against adulterated agriculture medicines directed
After successful raid in Faisalabad, a factory involved in manufacturing of spurious SSP, DAP and other fertilisers was booked and five persons were arrested on the spot besides material used in spurious fertilisers were confiscated.
Monday, August-31-2015

Increase in gas tariff to hit exports
He said that the move would oust the export-oriented industries from the global markets, where the country's products, especially value-added products, were already facing stern competition.
Monday, August-31-2015

Textile issues: meeting with PM expected in mid-Sept
He said the textile industry would be all set to undertake initiatives of investment, exports and employment once the viability of the industry is restored and the way forward is designed and agreed upon by the two sides.
Monday, August-31-2015

Procurement of seed cotton through TCP: textile ministry''s proposal rejected
During 2014-15, due to fluctuating international lint prices, cotton growers suffered badly; average seed-cotton price during cotton picking season last year remained below the average cost of production calculated by Punjab Cost of Production Committee.
Monday, August-31-2015

Gold exports worth Rs 12 billion: 200 Form-E found to be fake
According to sources, the Directorate of Internal Audit of Pakistan Customs after noticing fake Form-E submission in gold exports had sent some 3374 Form-E to the banks for verification.
Monday, August-31-2015

Global effort vital to boost climate resilience of WASH sector
According to a press statement on Sunday, the event is being held under the theme 'Water for Development'. The annual global water event is organised by the Stockholm International Water Institute (SIWI) and has been taking place in Stockholm since 1991.
Monday, August-31-2015

THE RUPEE: mixed patterns
In the open market, the rupee, however, gained the same amount versus the dollar for buying and selling at Rs 104.00 and Rs 104.02. The rupee also picked up over Rs 2.00 against the euro for buying and selling at Rs 116.20 and Rs 117.20.
Monday, August-31-2015

Research centre on its way to boost agriculture
This institute would serve as a symbol of the long-term cooperation between Pakistan, United States, and international partners to improve agricultural research in South Asia, in general, and in Pakistan in particular.
Saturday, August-29-2015

Govt launches website for farmers guidance
The government has launched a website to guide farmers about the use of right amount of farm inputs to increase average yields of wheat, cotton, sugarcane, rice and maize crops.
Saturday, August-29-2015

Govt's policy to eat up tractor manufacturers' market share
The tractor industry, through localisation, had gained a good foothold as its products are even cheaper than those of neighbouring India. Pakistani tractor costs around $7,000 while international prices of the same product are around $14,000.
Saturday, August-29-2015

Power-loom factories to reopen
A decision to this effect was taken at a joint meeting of owners of power-loom factories and agitating labourers which was called by DCO Noor-ul-Amin and CPO Afzal Ahmad Kausar for resolving their lingering dispute.
Saturday, August-29-2015

Textile Asia expo from today
The Pakistan Readymade Garments Manufacturers and Exporters Association and the Ecommerce Gateway Pakistan are the organisers of the event. 210 foreign delegates from over 29 countries will participate in it.
Saturday, August-29-2015

Textile exporters still waiting for refunds
The exporters lamented this delay which they pointed out was in spite of the commitment of Finance Minister Ishaq Dar made in his budget speech 2015-16 that refunds to export oriented sectors relating to tax periods till May 31, 2015 shall be issued by August 31, 2015.
Saturday, August-29-2015

Cotton market: seed cotton rates firm on fresh rains
The official spot rate recovered Rs 50 to Rs 4,500, dealers said. Seed cotton prices in Sindh were at Rs 2300 and Rs 2450 and in Punjab rates at Rs 2200 and Rs 2400, they said. In the ready business, over 8,000 bales of cotton changed hands between Rs 4550 and Rs 4600, they said.
Saturday, August-29-2015

Cut in POL prices likely from September 1
The regulator following a massive reduction in international crude oil price on Friday sent a summary to the Ministry of Petroleum and Ministry of Finance recommending Rs 7.5 cut in High Speed Diesel (HSD) price, Rs 7.20 per litre in High Octane Blending Component (HOBC), Rs 6.15 in petrol price, Rs 6.50 per litre in Light Diesel Oil (LDO) and Rs 7.10 per litre in Kerosene Oil (KO) prices.
Saturday, August-29-2015

Financial close of coal-fired power project achieved
A consortium comprising Power Construction Corporation of China and Al-Qavi has been declared the lowest bidder for Rs 82 billion 1000-1200 MW RLNG-fired combined cycle power plant in Haveli Bahadur Shah of Jhang district.
Saturday, August-29-2015

THE RUPEE: firm trend
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move to any side versus the dollar for buying and selling at Rs 104.50 and Rs 104.75 respectively, they said. The rupee picked up 25-paisa in relation to the dollar for buying and selling at Rs 117.00 and Rs 118.00 respectively, they said.
Saturday, August-29-2015

Minister underscores need to improve Abiyana recovery
In the meeting, participants were told about Abiyana recovery and out of it payment of government share in government exchequer besides steps taken against defaulters.
Friday, August-28-2015

SBP allows ERF for export of edible offal
According to IH&SMEFD Circular Letter No 12 of 2015, issued on August 27, 2015, SBP has advised banks that Edible Offal of bovine animals having H.S. Code 02062900 have been made eligible for export refinance facility under the Export Finance Scheme.
Friday, August-28-2015

ISO Certification: REAP extends congratulations to FPCCI
FPCCI being the apex body of chambers and trade associations all over Pakistan facilitates the whole business community in various matters related to the government and arranges visits of trade delegations to provide opportunities to explore the new avenue abroad.
Friday, August-28-2015

Fashion industry: PRGMEA chief seeks government support
Expressing his satisfaction on new Trade Policy and urged upon the government to implement it in letter and spirit to cope with global challenges as well as to ensure considerable increase in export volume.
Friday, August-28-2015

Cotton market shows strong signs of stabilising
The new crop cotton is said to be mostly developing well but some delay in arrivals has been reported in Sindh due to a Hindu festival which should be over after about the week or ten days, traders said in Karachi.
Friday, August-28-2015

Phutti prices rise on tight supply position
The official spot rate was down by Rs 50 to Rs 4,450, dealers said. Seed cotton prices in Sindh were at Rs 2300 and Rs 2450 and in Punjab rates at Rs 2200 and Rs 2350, they said. In the ready business, over 9,000 bales of cotton changed hands between Rs 4525 and Rs 4600, they said.
Friday, August-28-2015

Average parity between oil and gas prices shrinks to 46.64 percent
This was calculated on the basis of average crude oil price of $55 per barrel and average local gas price of $4.5 per Million British Thermal Unit (MMBTU) during the past one year.
Friday, August-28-2015

THE RUPEE: minor changes
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee moved with slight gains versus the dollar for buying and selling at Rs 104.50 and Rs 104.75 respectively. It also appreciated in relation to the euro, picking up Rs 1.75 for buying and for selling at Rs 117.25 and Rs 118.25, they said.
Friday, August-28-2015

Iran ready for barter trade with Pakistan
The volume of mutual trade between Pakistan and Iran does not match their respective potentials, he said, adding that chambers of commerce in the two countries would have to focus on expansion of trade by holding single country exhibitions and through trade delegations to each other?s country.
Thursday, August-27-2015

US scientists in Pakistan to review cotton productivity
Agriculture is second largest sector in Pakistan, accounting for over 21 percent of GDP. It remains by far the largest employer, with 46 percent of the labour force working in the sector.
Thursday, August-27-2015

Nestle Pakistan boosts overall earnings by 33.8%
Additionally, its earnings per share have increased from Rs 102.29 per share in 2014 during the same period to Rs 136.83 per share in 2015.
Thursday, August-27-2015

Global Textile Asia expo will boost value-added exports
The mega fair is going to provide them a best opportunity where more than 350 international brands from around 29 countries will display their products in more than 500 stalls.
Thursday, August-27-2015

Cotton market: prices stabilise as growers stop selling
The official spot rate was unchanged at Rs 4,500, dealers said. Seed cotton prices in Sindh were at Rs 2300 and Rs 2350 and in Punjab rates at Rs 1800 and Rs 2250, they said. In the ready business, over 13,000 bales of cotton changed hands between Rs 4500 and Rs 4575, they said.
Thursday, August-27-2015

Power sector losses increased by 0.4%
As a result, Pakistan's power distribution companies have increased annual revenues by more than 400 million dollars and saved over 200MW of energy enough to supply power to about three million people.
Thursday, August-27-2015

No unannounced power outage conducted across city
In the case of any discrepancy in the number of units consumed the cost of the bill is promptly rectified by the technical teams and the additional cost paid is credited immediately to customer account."
Thursday, August-27-2015

ST exemption on supply of wheat bran notified
The federal government has exempted the supply of wheat bran, falling under Pakistan Customs Tariff (PCT) heading 2302.3000, from whole of the sales tax.
Thursday, August-27-2015

THE RUPEE: modest recovery
OPEN MARKET RATES: The rupee almost held the overnight levels versus the dollar for buying and selling at Rs 104.60 and Rs 104.80, they said. The rupee adopted the same path in relation to the euro, sustaining last levels for buying and selling at Rs 119.00 and Rs 120.00, they said. In the third Asian trade, the dollar edged up against the euro and yen on Wednesday, as China's policy easing steps halted a slide in the region's equity markets and prevented a further worsening in risk sentiment for now.
Thursday, August-27-2015

Chicken meat price dips by 120/kg on low demand
The price of chicken meat has recorded a decline of Rs 120 per kilogram in the retail market and is currently available at Rs 240 per kg against Rs 360 per kg a few weeks ago.
Wednesday, August-26-2015

Export-oriented milk production: Corporate dairy farmers want long-term policy
Suggesting steps to increase diary production, Lodhi said the government could take grass-root level decision on legislative front, besides devising policies to safeguard the farmers' interests.
Wednesday, August-26-2015

Wheat seed distribution arrangements finalised
Official sources told Business Recorder on Tuesday that the basic concept of the programme was to promote rust resistant high yielding varieties of wheat for sustainable wheat production under the climate change situation in the country.
Wednesday, August-26-2015

DAP fertilizer: cut in ST on import, production likely
It was agreed unanimously that initially, deemed price may be considered for generating subsidy into the price of fertilizer by reducing sales tax on DAP produced in the country as well as imported.
Wednesday, August-26-2015

CM Sindh lauds TDAP's role in Khairpur Dates Festival
According to a TDAP press release, in this event, 60 local growers of dates and exporters set up their stalls, which was organised by the District Management of Khairpur.
Wednesday, August-26-2015

Flood in River Indus : PILER, PFF criticise Sindh govt's disaster risk reduction plan
The river has smoothly inundated its entire natural route and wiped out the constructed infrastructures, agriculture crops and communication systems, which the activists have termed as ?illegally? developed within the riverbed and its catchment area.
Wednesday, August-26-2015

Raw cotton export registered 67pc increase in first month of FY 15
During the month of July, 2015 about 4,003 metric tons of raw cotton worth US$ 5.604 million exported as compared to 658 metric tons valuing US$0.330 million exported during the corresponding period of last year.
Wednesday, August-26-2015

Cotton market: Phutti prices track fall in world commodities, stocks
The official spot rate was down by Rs 100 to Rs 4,500, dealers said. Seed cotton prices in Sindh were at Rs 2300 and Rs 2350 and in Punjab rates came down sharply to Rs 1800 and Rs 2250, they said.
Wednesday, August-26-2015

Solar energy may illuminate rural areas
Solar energy can play a pivotal role to provide for the country's underprivileged communities, especially in rural areas.
Wednesday, August-26-2015

Hydel power: Chinese company offered eight projects
During the meeting, projects like Diamer-Bhasha, Bunji, Thakot, Muda and other hydropower projects were identified with the combined capacity of 35,000MW hydel generation. Official familiar with the development said that senior officials of Ministry of Water and Power were on a visit to China to hold energy talks and a detailed meeting would be held on August 28.
Wednesday, August-26-2015

THE RUPEE: dollar's surge on
INTERBANK MARKET RATES: The rupee slid by 35-paisa in terms of the dollar for buying and selling at Rs 104.28 and Rs 104.30 respectively, they said.
Wednesday, August-26-2015

Pakistan has tremendous potential in pistachio, olive farming
Scientists believe Pakistan has tremendous potential pistachio and olive farming but due to lack of knowledge local farmers only concentrate on traditional crops.
Tuesday, August-25-2015

Investment in agriculture R&D a must to ensure food security
"The present government is making all out efforts for making agriculture sector competitive to cope with future challenges," he said. He asked farmers to participate in AIP to help improve agriculture productivity.
Tuesday, August-25-2015

National Assembly panel briefed on working of Fisheries Development Board
This Board introduced aquaculture and shrimp fanning, tilapia fanning, cage fish fanning, etc. Export potential of Pakistani aquaculture is expected to be more than $2 billion, if this sector is supported by the government.
Tuesday, August-25-2015

67 percent detailed design study of Munda Dam completed
The authorities have almost accomplished 67 per cent of detailed design study of Munda Dam as they hoped to accomplish this very task by the year end and overall completion of design study in April 30, 2016.
Tuesday, August-25-2015

Government draws criticism over decline in textile exports
Pakistan suffered a 16.90 percent fall in the overall exports and 12 percent in textiles alone, Chairman, Pakistan Apparel Forum, Javed Bilwani said, citing the official statistics and terming the country's economic situation 'alarming'.
Tuesday, August-25-2015

14th Textile Asia Exhibition to be held in Lahore on August 29
The exhibition is aimed at focusing the immense buying and selling potential of textile and garment machinery, accessories, raw material supplies, chemicals and allied services under one roof.
Tuesday, August-25-2015

Textile exports: stakeholders make key demands to help arrest decline
The Federal Textile Board (FTB) meeting held here on Monday under the chairmanship of Federal Minister for Commerce Khurram Dastagir Khan to ponder on ways and means not only to restrict a further decline in textile exports.
Tuesday, August-25-2015

US scientists upbeat about developing CLCuV-resistant crop
The scientists further stressed on co-ordinated efforts to combat CLCuV by developing disease-resistant cotton varieties to save millions of cotton bales from becoming prey to the virus every year.
Tuesday, August-25-2015

Phutti prices drift lower on cotton market
The official spot rate was unchanged at Rs 4,600, dealers said. Seed cotton prices in Sindh were lower at Rs 2300 and Rs 2350 and in Punjab rates followed same pattern at Rs 2000 and Rs 2350, they said. In the ready business, over 18,000 bales of cotton changed hands between Rs 4650 and Rs 4735, they said.
Tuesday, August-25-2015

Loadshedding burden shifted to rural areas
The sources further stated that the much talked about controversial Nandipur Power Project is not generating any electricity for the last two weeks whereas Guddu thermal power plant is producing 340 MW against capacity of 747 MW.
Tuesday, August-25-2015

THE RUPEE: PKR weakens
INTERBANK MARKET RATES: OPEN MARKET RATES: In sympathy with the interbank market track, the rupee followed same pattern, losing around Re.one versus the dollar for buying and selling at Rs 104.60 and Rs 104.90, they said.
Tuesday, August-25-2015

High input costs may result in wheat crisis next year
Last year, the support price was Rs. 1300 but in whole Sindh province and many areas of Punjab, the maximum selling was done between Rs. 900-1000 per 40 kg, he said.
Friday, August-21-2015

Agri- products to Russia Meeting discusses strategy to enhance exports
The exporters sought Government's support in reducing air freight charges which costs them Rs 180/kg and in operating special flights with cold storage facilities directly from Pakistan to Russia to facilitate the export of perishable items.
Friday, August-21-2015

PMAS-AAUR emphasises use of technology in agriculture
He emphasised use of ICT in agriculture sector and stressed young people to adopt farming profession for agriculture development to enhance per acre yield.
Friday, August-21-2015

Food security: Adopting new techs can safeguard future
Despite the fact that there is a global consensus on safety of genetically modified crops and GM foods, especially in the agriculturally developed countries where the general public, being educated and most importantly informed, believes in science and usually doesn?t change their viewpoint regarding anything due to mere propaganda.
Friday, August-21-2015

CBOT soybeans to fall to $8.93-3/4
This wave could eventually extend to $8.77-3/4, its 100 percent projection level. A closer look at its structure indicates that the final wave labeled v could have just started, unfolding towards this level.
Friday, August-21-2015

Export of wheat: Ministry directed to ask provinces to remove bottlenecks
According to official documents, the NFS&R revealed that the ECC of the Cabinet while considering a summary titled "offload/ export public sector's surplus wheat stocks" decided to allow export of 800,000 tons wheat by the Government of Punjab and 400,000 M. tons by the Government of Sindh at a transport rebate of $ 55 per metric ton and $ 45 per metric ton respectively.
Friday, August-21-2015

BGA proposes three-pronged strategy to government
Supporting this price, the government should also extend a subsidy of US 200 dollars per tons to the exporters so they could increase exports and dispose of their past stocks and make space for buying the new one, he added.
Friday, August-21-2015

Coconut - economy of an entrepreneur family
The milk of the tropical seed, which comes from the grated meat of a brown coconut, works if someone is short of white cells in his or her blood, said the vendor referring to some unconfirmed doctoral advice.
Friday, August-21-2015

Acting EU Ambassador visits Karachi Fish Harbour
To remove the ban, the government initiated a scheme called "Rehabilitation & Renovation of Karachi Fish Harbor" that cost Rs507.865 million with a view to implement the EU specifications for resumption of seafood trade.
Friday, August-21-2015

Textile industry appears to be in trouble
During the last four years, Pakistan has steadily been losing market share to competitors. In textiles, countries like India, Turkey and Vietnam have achieved a significant growth in exports.
Friday, August-21-2015

Upside momentum continues on cotton market
Traders said that some seedcotton of low grade cotton is arriving in Sindh. Brokers said from Karachi that certain mills are interested in old crop (2014/2015) still lying with the Trading Corporation of Pakistan (TCP) but that their earlier tenders placed with the TCP were not accepted.
Friday, August-21-2015

Prices firm on active buying by mills
The official spot rate was unchanged at Rs 4,650, dealers said. Seed cotton prices in Sindh were unchanged at Rs 2450 and Rs 2550 and in Punjab rates were at Rs 2350 and Rs 2550, they said. In the ready business, over 10,000 bales of cotton changed hands between Rs 4700 and Rs 4800, they said.
Friday, August-21-2015

Prime Minister launches construction of controversial nuclear plants
The plants, which cost around $5 billion each and are due to be completed in 2020, are particularly controversial because their designs have never been tested in real life. Karachi, which lies close to the confluence of three major tectonic plates, is also rated by experts as being particularly vulnerable to tsunamis.
Friday, August-21-2015

Resolution of power dispute in sight
Both parties met on August 12, 2015 in Islamabad under the chairmanship of Minister for Water and Power, Khwaja Asif who reportedly tempered his previous hostile tone towards K-Electric management after the he met with the representative of Abraj Group who directly landed in Islamabad from Dubai.
Friday, August-21-2015

THE RUPEE: slight fall
INTER-BANK MARKET RATES: The rupee shed three-paisa in relation to the dollar for buying and selling at Rs 101.92 and Rs 101.94 respectively, they said.
Friday, August-21-2015

Stormy weathers: Weather radars not yet installed
In 2010, after floods devastated Pakistan, it was announced that a modern radar would be installed in Gwadar. Three outdated radars in Lahore, Sialkot and Mangla dam were also to be replaced with new ones.
Thursday, August-20-2015

Ministry criticised for decline in exports
Presided over by Siraj Muhammad Khan, who defied Chairman PTI by attending National Assembly session during the four-month-long dharna, the committee also criticised Commerce Minister Engineer Khurram Dastgir and Secretary Commerce, Shahzad Arbab for not attending the meeting.
Thursday, August-20-2015

Engro Corporation's revenues increase by 13 percent
The company's Board of Directors announced its 1H2015 consolidated results, showcasing strong performance from its fertilisers, foods and LNG businesses, slightly offset by performances of the petrochemical and the rice businesses.
Thursday, August-20-2015

Ultimate finished goods: PLGMEA seeks reduction in mark-up rate
Several local down-stream industries also flourish with growth in ultimate finished goods industries. The Governor listened to the suggestion of PLGMEA and assured to look into this proposal.
Thursday, August-20-2015

National Assembly body suggests package for cotton growers
The government always intervenes just for sentiments. He further said that of the 96,000 bales procured last year; only 6,000 bales have so far been sold as nobody is ready to come. He said that provincial governments have resources and may be utilised. He further proposed direct cash subsidy to the growers to give them benefit.
Thursday, August-20-2015

Cotton market: prices improve slightly on tight supply of phutti
The official spot rate was unchanged at Rs 4,650, dealers said. Seed cotton prices in Sindh were unchanged at Rs 2450 and Rs 2550 and in Punjab rates were at Rs 2300 and Rs 2550, they said. In the ready business, over 10,000 bales of cotton changed hands between Rs 4700 and Rs 4800, they said.
Thursday, August-20-2015

Cut in oil prices by up to Rs 7.5 per liter expected
According to sources privy to the fluctuations of the petroleum products prices in international market, average Arab Light crude price up to August 19 remained $50 per barrel against $56.57 per barrel as compared to the prices of past month, which shows a reduction of almost 12 percent.
Thursday, August-20-2015

Loadshedding due to energy crisis
Similarly, low voltage problem is due to low pressure in transmission lines and grid system, which cause low voltage to the public, he added.
Thursday, August-20-2015

Gold import during last two years: Customs approaches banks for verification of 3374 Form-E
The exporters had submitted Form-E against the gold exports worth Rs 170 billion during the period. In 2011-2013, the Entrustment scheme, which allows 80 percent of the value of jewellery set against duty-free import of gold within eight months, was misused with no benefit to the country and the Directorate observed serious irregularities in audit of the period under review.
Thursday, August-20-2015

THE RUPEE: modest recovery
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not show any variation versus the dollar for buying and selling at Rs 103.30 and Rs 103.50 respectively; however, it shed 20-paisa versus the euro for buying and selling at Rs 114.00 and Rs 115.00 respectively, they said.
Thursday, August-20-2015

Bosan desires strategy to tackle Int'l prices of agri products
API proposed that government may consider Intervention Price for rice paddy 2015-2016 crop around Rs 1800/40kg for Basmati in Punjab and Rs 850/40kg for IRRI paddy in Sindh in case of need.
Wednesday, August-19-2015

Sutlej river flood inundates dozens of villages, crops
According to an NDMA spokesman, on the request of Khyber Pakhtunkhwa government, the authority had sought the services of two helicopters from Anti-Narcotics Force for carrying out relief activities in far flung and inaccessible areas of Chitral.
Wednesday, August-19-2015

ICARDA organises two-day workshop on cotton disease research
Speaking on the occasion, Ministry for National Food Security and Research (NFS&R) Secretary Seerat Asghar said that the Seed Act provides a big role to the private sector, providing it an opportunity to work for agriculture development. He said that there were many challenges that needed to be addressed so that the future of agriculture is secured.
Wednesday, August-19-2015

Heavy monsoon rains: Country unlikely to achieve targets of major Kharif crops
Pakistan is unlikely to achieve the targets for major Kharif crops as a result of countrywide floods which have caused serious damage to standing crops especially in Punjab and Sindh.
Wednesday, August-19-2015

Agri mechanization project initiated
The programme will be carried out through balloting in rural union councils and in this regard committees had been constituted to supervise the allotment of machines and implements in each district of the Punjab.
Wednesday, August-19-2015

Sindh's tractor scheme unfavourable for farmers, local industry
According to market sources, the Punjab government in its budget 2015-16 had announced to provide 25,000 tractors with Rs 200,000 subsidy on each tractor to help farm mechanization.
Wednesday, August-19-2015

TCP seals another 50,000 tons of urea deal
The third tender for the import of another 50,000 tons will be opened today (Wednesday) to complete the deals for the import of 150,000 tons of urea.
Wednesday, August-19-2015

Firmness prevails on persistent demand of seed cotton
The official spot rate was unchanged at Rs 4,650, dealers said. Seed cotton prices in Sindh were at Rs 2450 and Rs 2550 and in Punjab rates were at Rs 2300 and Rs 2550, they said. In the ready business, over 16,000 bales of cotton changed hands between Rs 4700 and Rs 4750, they said.
Wednesday, August-19-2015

THE RUPEE: little changes
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10-paisa versus the dollar for buying and selling at Rs 103.30 and Rs 103.50 respectively; however, it gained 20-paisa versus the euro for buying and selling at Rs 113.80 and Rs 114.80 respectively, they said.
Wednesday, August-19-2015

Zinc-rich wheat variety to be cultivated this year
The programme is coordinated by the International Food Policy Research Institute, International Center for Tropical Agriculture, International Maize and Wheat Improvement Centre, PARC and National Agricultural Research System under the umbrella of the Ministry of National Food Security and Research.
Tuesday, August-18-2015

Mechanise farming to raise productivity
Agriculture Additional Secretary Muhammad Akhtar said the government was targeting to produce 2 million skilled workers in five years.
Tuesday, August-18-2015

Exports can increase with help of good planning
The Agri-Forum Pakistan has claimed that exports can easily be increased to 35 billion dollars per annum with better planning and handing over the Commerce Ministry to a better person.
Tuesday, August-18-2015

Flood situation improving in upper Sindh
The flood situation has considerably improved in the upper Sindh where flood water in the mighty Indus is sharply decreasing at Guddu and Sukkur barrages.
Tuesday, August-18-2015

TCP awards tender for 50,000 tons of urea
Last month, the Economic Co-ordination Committee (ECC) of the Cabinet asked the TCP to import 150,000 tons of urea till September 2015 to ensure sufficient supply during the ongoing crop season and accordingly, in the middle of July, the state-run grain trader issued three urea import tenders.
Tuesday, August-18-2015

Another extension granted: Punjab, Sindh fail to export surplus wheat stock
The federal government had agreed to provide a subsidy of US $55 per million tons on account of transport rebate to Punjab government for 800,000 metric tons wheat export and $45 per metric tons to Sindh government for exporting 400,000 metric tons.
Tuesday, August-18-2015

Import of cotton yarn: PRGMEA will oppose imposition of RD
The FBR responded in the said meeting that an inter-ministerial committee comprising representatives of the Federal Board of Revenue, the Ministry of Textile Industry and the Ministry of Commerce was constituted to give recommendations regarding imposition of regulatory duty on import of cotton yarn.
Tuesday, August-18-2015

Demand for placing RD on yarn import criticised
The country textile exports nose-dived in the current scenario, he said and termed and fresh proposal for imposition or increase in a regulatory duty on import of cotton yarn 'unjustified'. He said that any such move would turn the manufacturing and exports of apparel textile unfeasible.
Tuesday, August-18-2015

Cotton price trend: Punjab CM seeks PM''s intervention
During 2015-16, cotton has been sown on 5.7 million acres and the expected production for the season is 10.5 million bales for Punjab.
Tuesday, August-18-2015

Cotton market: prices soar amid tight supply of phutti
The official spot rate was higher by Rs 100 to Rs 4,650, dealers said. Seed cotton prices in Sindh were at Rs 2450 and Rs 2500 and in Punjab rates also picked up by Rs 300 to Rs 2300 and Rs 2550, they said. In the ready business, over 10,000 bales of cotton changed hands between Rs 4700 and Rs 4850, they said.
Tuesday, August-18-2015

Thar coal project: SECMC inks deals to make $500 million financing available
The financing agreements worth Rs 50 billion signed with local banks would ensure availability of financing at the agreed terms and conditions.
Tuesday, August-18-2015

Energy sector development: Dar reviews progress on DPC-II programme
The Minister emphasised that completing the reform process for energy sector was significant to attain sustainability and facilitate overall development in the country.
Tuesday, August-18-2015

THE RUPEE: rates tumble
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same pattern against the dollar, losing 20-paisa for buying and selling at Rs 103.20 and Rs 103.40 respectively however it gained 10-paisa versus the euro for buying and selling at Rs 114.00 and Rs 115.00 respectively, they said.
Tuesday, August-18-2015

Biofortification of staple food crops to alleviate malnutrition
Apart from other interventions to mitigate malnutrition, the biofortification of staple food crops, bred through conventional breeding techniques have proved their evidence to mitigate malnutrition at global level.
Monday, August-17-2015

Plans for building dams scuppered by lack of will
At present, total water storage capacity of the country is 14 million acre feet (MAF) whereas its annual consumption requirement stands at 117 MAF. Following the recent floods, officials believe, 15 MAF of water will be wasted and it will go into the sea.
Monday, August-17-2015

Government, SBP lauded for increasing agriculture financing
Agriculture loans were nine percent of total loans by banks in 2014 while the same stood at 11 percent of tin 2015 which is good but not according to the demand of the critical sector.
Monday, August-17-2015

3 small dams planned for KP
Pakistan Tehreek-e-Insaf (PTI) led provincial government has taken these initiatives to generate inexpensive electricity and ensure irrigation water for uplift of agriculture and industrial sectors.
Monday, August-17-2015

South Korean Ambassador for further cementing agri-trade ties
He said that they are planning to provide Pakistan with a 500 million dollar Economic Development Co-operation Fund from 2015 to 2017. He said that Korea was major economic power. Korean per capita income in 1960 was less than $80, he said, adding that now it was more than $28,000.
Monday, August-17-2015

All rivers in Punjab flowing normally
All rivers in Punjab are flowing normally and the flood-affected people have started returning to their homes from the relief camps.
Monday, August-17-2015

APTMA criticises ministry for showing complacency
All Pakistan Textile Mills Association spokesman here on Sunday, has lamented over the carefree attitude of the Ministry of Water and Power, which has been ignoring the ground realities and ultimately destroying the textile industry as the largest employer of 10 million workers in Pakistan.
Monday, August-17-2015

969MW Neelum Jhelum Hydropower project: financial close quite possible by September
The long-delayed 969MW Neelum Jhelum Hydropower Project is likely to achieve financial close in September 2015, paving the way for its completion in early months of 2017, well informed sources told Business Recorder.
Monday, August-17-2015

THE RUPEE: cautious tone
INTER-BANK MARKET RATES: On Monday, the rupee slid two paisas versus the dollar for buying and selling at Rs 101.83 and Rs 101.84. On Tuesday, rupee was trading versus the dollar of buying and selling at Rs 101.82 and Rs 101.83, they said. On Wednesday, the rupee did not show major change in relation to the dollar of buying and selling at Rs 101.81 and Rs 101.82. On Thursday, the rupee slid by three paisas in relation to the dollar of buying and selling at Rs 101.84 and Rs 101.85.
Monday, August-17-2015

Big dams imperative for bright future
The devastation of the floods could have been averted if the country had invested more in dams. Khalid Sajjad alarmed that country is fast becoming a water scarce country, as its per capita water availability is presently estimated at 950 cubic meter from 5,500 cubic meter in 1950s.
Saturday, August-15-2015

2014-15: pulses' import up by $101 million
The country's pulses' import shot up by US 100.844 million dollars to US 409.099 million dollars in the last fiscal year 2014-15, according to the official figures.
Saturday, August-15-2015

Sugarcane growers: government urged to help resolve issue of dues
He alleged that the sugar mills on one hand depriving the sugarcane growers from their payments and on the other earning unjustifiable profit from consumers and urged the government to arrange payment to growers from the millers and ensure selling of sugar at Rs 55 per kilograms to end the artificial rising prices of the commodity made by the sugar millers.
Saturday, August-15-2015

Installation of tractor plant negotiated with Belarus
The representative of Ghazi and Millat tractors told the committee that they are making utmost efforts to ensure best quality and standards with quality service to farmers.The local manufacturers are producing 50,000 tractors every year and Pakistan annually exports 3,000 to 4,000 tractors, they said.
Saturday, August-15-2015

Vietnam keen to boost trade in diverse fields
A large delegation, led by Vietnam's Ambassador to Pakistan Nguyen Xuan Luu and Minister of Industry and Trade Hoang Duc Nhuan, visited the Islamabad Chamber of Commerce and Industry (ICCI).
Saturday, August-15-2015

Textile sector set to get major relief
The textile sector raised the issue that the field offices are making cases on supply of yarn to unregistered persons on the ground that the same has been supplied to the person not in the five sectors referred to in SRO 1125(1)/2011 dated 31.12.2011.
Saturday, August-15-2015

''SBP Vision 2020'' launched: Wathra explains key features
`SBP Vision 2020'' has been developed through a participative and consultative process," he added. While preparing a five-year Strategic Plan SBP took the Vision 2025 into account.
Saturday, August-15-2015

Pakistani importers seek 66,000 tonnes soybeans from US or Brazil
Pakistan has been a heavy buyer of soybeans this year as import duties and local sales taxes have made soybean imports for local crushing more attractive than soymeal imports, one trader said.
Thursday, August-13-2015

Agriculture unlikely to achieve growth rate of 4pc
The GDP growth rate for 2015-16 has been set at 5%. The last time a growth rate of above 5% was achieved was as far back as 2006-07. According to the Annual Plan, industry is expected to lead the growth process, with a growth rate approaching 6.5%. Inflation is likely to average 6% over the year.
Thursday, August-13-2015

SAARC board for joint efforts to strengthen agri sector
The governing board on agriculture of South Asian Association for Regional Co-operation (SAARC) on Wednesday decided to exchange new technologies, research findings and germ plasm to strengthen agriculture sector.
Thursday, August-13-2015

Cotton market: selective buying seen by mills, spinners
The official spot rate was stable to Rs 4,500, dealers said. Seed cotton prices in Sindh were at Rs 2300 and Rs 2400 and in Punjab rates were at Rs 1800 and Rs 2525, they said. In the ready business, around 10,000 bales of cotton changed hands between Rs 4500 and Rs 4825, they said.
Thursday, August-13-2015

THE RUPEE: firm trend
INTERBANK MARKET RATES: The rupee did not show major change in relation to the dollar of buying and selling at Rs 101.81 and Rs 101.82 respectively, they said.
Thursday, August-13-2015

Decreasing trend of agriculture commodities: working groups formed to suggest steps
The government has formed six working groups to formulate suggestions in order to address issues and challenges being faced by the farming community in the country on the back drop of decreasing trend of the agriculture commodities in international market.
Wednesday, August-12-2015

Issues of water shortage, Kalabagh dam echo in National Assembly
The controversial Kalabagh dam and need for water reservoirs echoed in National Assembly on Tuesday while members from opposition and treasury benches urged the government to construct new dams.
Wednesday, August-12-2015

River Indus still in high flood
As the flood situation has eased in south Punjab, River Indus remains in high flood level from Guide barrage down to the Kotri barrage with flow of water between 659300 cusecs and 570100 cusecs bringing vast Katcha areas on both sides of the river under water.
Wednesday, August-12-2015

Houbara bustard: Balochistan seeks to legalise hunting of migratory bird
The petitioner claimed that the government had issued the permits despite a ban on hunting of the Houbara bustard. The petitioner also requested the top court to take strict action against the officials who issued the licences.
Wednesday, August-12-2015

Closure of textile mills: motion moved in Senate to discuss situation
A motion was moved in Senate by Senator Mohsin Aziz, Chairman Senate Standing Committee on Textile, and Vice Chairman of KP Board of Investment and Trade, aimed at to discuss arising situation regarding closing of textile mills.
Wednesday, August-12-2015

APTMA chief urges government to devalue Pakistan rupee or withdraw taxes
He also said he was holding the conference to let the media know about the weekly progress on the parleys with the government and that his association was satisfied with developments.
Wednesday, August-12-2015

Offers below reserve price: TCP scraps second tender for cotton
After the sale of 6,800 cotton bales through first cotton tender, TCP issued second tender on August 1, 2015 to offload remaining 88,600 cotton bales (crop year 2014-15) including 1,000 bales of super grade, 24,200 of grade-one 62,400 of grade-two and 1,000 cotton bales of grade-three.
Wednesday, August-12-2015

Cotton market: mills indulge in active buying
The official spot rate was higher by Rs 50 to Rs 4,500, dealers said. Seed cotton prices in Sindh were at Rs 2200 and Rs 2400 and in Punjab rates were at Rs 1800 and Rs 2500, they said.
Wednesday, August-12-2015

THE RUPEE: rates move cautiously
OPEN MARKET RATES: The rupee did not show any change for buying at Rs 102.90 while it shed 10-paisa for selling at Rs 103.10. As a result of Yuan's weakness, the local currency lost 85-paisa in relation to the euro for buying and selling at Rs 113.20 and Rs 114.20 respectively, they said.
Wednesday, August-12-2015

SAARC interested in bio-remediation technology import
Pakistan has already developed bio-remediation model for wastewater treatment for irrigation at NARC, the agricultural research centre which is now being targeted to establish housing society at its place as proposed by the Capital Development Authority (CDA).
Tuesday, August-11-2015

Climate change destabilises water system
The ADB predicts that water needs for industrial purposes will increase by up to 65 per cent by 2030 from the current level.
Tuesday, August-11-2015

45 percent work on Zamir Gul Dam Kohat completed
Annual rainfall in the area is 22 percent. There is thousands acres barren land but due to no proper canal system, it can't be brought under cultivation. Most lands of Ziarat Sheikh Allahdad are Barani.
Tuesday, August-11-2015

River Indus in high flood
The Flood Warning Centre said here that Indus at Chashma is in medium flood level. River Indus at Tarbela, Kalabagh, and River Kabul at Nowshera and River Chenab at Khanki and Qadirabad are in low flood.
Tuesday, August-11-2015

Crops damaged by rains and floods: country may miss cotton 2015-16 output target
According to the initial estimates, heavy rains and floods destroyed standing cotton crops over 1,50,000 acres in Layyah, Dera Ghazi Khan, Rahimyar Khan and Muzaffargarh which accounts for major share in cotton production.
Tuesday, August-11-2015

3000MW power: Pakistan, Iran agree to finalise deal
This consensus was evolved at a meeting between Secretary Water and Power, Younas Dagha and Iranian ambassador to Pakistan Ali Raza held in the Ministry of Water and Power.Iran has given its consent to the export of an additional 3000MW to Pakistan despite the fact that the latter has not paid millions of dollars to Iran for import of 74MW due to non availability of banking channels.
Tuesday, August-11-2015

THE RUPEE: slight fall
INTER-BANK MARKET RATES: The rupee slid two-paisa versus the dollar for buying and selling at Rs 101.83 and Rs 101.84 respectively, they said.
Tuesday, August-11-2015

Food prices drop worldwide
According to the UN agency's monthly Food Price Index, meat prices remained stable. An increase in international prices of bovine meat offset a decline for ovine meat, while prices for poultry remained stable.
Saturday, August-08-2015

Asia's water supply under threat from climate change
Many countries are already experiencing an increasing scarcity of water, particularly during dry seasons, and climate change will exacerbate this situation.
Saturday, August-08-2015

River Indus may attain high flood today
According to hydrological situation of the country, River Indus at Taunsa (inflow 5,62,200 cusecs), at Guddu (inflow 6,57,600 cusecs) and at Sukkur (6,89,900 cusecs) is in high flood level.River Indus at Tarbela (inflow 4,07 400 cusecs, Kalabagh 4,54.300 cusecs, Chashma 4,91,200 cusecs), Kotri 4,34,300 cusecs) and River Kabul at Nowshera (inflow 88.700 cusecs) are in medium flood level.
Saturday, August-08-2015

DAP, phosphatic fertilizers 'Printing of price not feasible'
A comprehensive workable proposal has already been presented to the government on subsidy and farmer awareness for optimizing the benefits to the farmers.
Saturday, August-08-2015

Trade activity declines on cotton market
The official spot rate was down by Rs 50 to Rs 4500, dealers said. Seed cotton prices in Sindh were at Rs 2000 and Rs 2300 and in Punjab rates were at Rs 2000 and Rs 2350, they said.
Saturday, August-08-2015

Power sector receivables increase by 23.5 percent
According to official documents, Lahore Electric Supply Company''s (Lesco) receivables against government and private sector were Rs 45.762 billion (government Rs 2.936 billion, private sector Rs 42.825 billion) as on June 30, 2015 against Rs 36.762 billion in the comparable period a year ago, showing an increase of Rs 9.296 billion.
Saturday, August-08-2015

THE RUPEE: marginal change
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, but it dropped by 50-paisa versus the euro for buying and selling at Rs 112.00 and Rs 113.00 respectively, they said.
Saturday, August-08-2015

Poultry prices witness sharp rise
The prices of poultry products have increased in the twin cities and the price of live chicken in the retail market reached during Eid days at Rs230- 240 per kg, whereas the eggs were being sold at Rs 100 per dozen, customers complained.
Friday, August-07-2015

Wrong policies hit horticulture sector
Regardless, Pakistan has missed its export targets for the third consecutive year which should be a cause of concern for the policy-makers.
Friday, August-07-2015

USAID launches initiative to develop agriculture market
The programme, funded by the US Government, consist of a $21 million series of grants, training sessions and technical improvements designed to improve farming techniques and boost domestic and international market access for Pakistani meat, vegetables, mangoes, and citrus by nearly $140 million over the next four years.
Friday, August-07-2015

World food prices hit lowest level in six years
Prices for global agricultural products in July hit their lowest level since September 2009, as sharp drops in the prices of dairy products and vegetable oils more than offset some increases for those of sugar and cereals, the U.N. Food and Agriculture Organization (FAO) reported Thursday.
Friday, August-07-2015

EU envoy to visit fish harbour on August 20
Pakistan faced a $20 million seafood export decline last fiscal year to $349.557m from $369.458 in the corresponding fiscal year.
Friday, August-07-2015

SAU experts to develop Sindh agriculture development strategy report
During the meeting, experts and Committee members discussed on the development of agriculture, vegetables, fruits and crops in different suggested areas of Sindh.
Friday, August-07-2015

Water levels at Guddu, Sukkur barrages decrease
According to latest Meteorological and Hydrological conditions observed by Flood Forecasting Division Lahore, River Indus at Taunsa, Guddu and Sukkur is in high flood level while River Indus at Tarbela, Kalabagh, Chashma, Kotri and River Kabul at Nowshera are in medium flood level.
Friday, August-07-2015

MD SIDA visits Galyan Bund at River Indus
All efforts are being taken to vacate the areas encroached by local people, he said, the people have constructed big houses within areas of Indus River.
Friday, August-07-2015

Monsoon rains: farmers advised to protect sugarcane crop from pest, viral attack
Met office said that the farmers should also take precautionary measures to protect their crops, livestock and other property from any expected heavy rainfall during the monsoon season.
Friday, August-07-2015

Sluggish trade on cotton market
This week witnessed a decrease in the value of seedcotton prices by about Rs 100 per 40 kgs, while lint prices fell by Rs 100 to Rs 150 per maund (37.32 kgs).
Friday, August-07-2015

Hectic business on renewed interest by exporters, mills
The official spot rate was unchanged at Rs 4550, dealers said. Seed cotton prices in both Punjab and Sindh were at Rs 2000 and Rs 2300, they said. In the ready business, around 14,000 bales of cotton changed hands between Rs 4425 and Rs 4900, they said.
Friday, August-07-2015

Senate body briefed on Musakhel's oil/gas reserves
He said that as per rough estimates the areas has 30 billion cubic feet (BCF) of gas reserves and 1.35 million barrels of crude oil reserves, adding that to start the production, state-owned PPL in collaboration with BGP has undertaken the task to explore and start oil/gas production.
Friday, August-07-2015

THE RUPEE: steadier trend
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee sustained last levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, however it shed 25-paisa versus the euro for buying and selling at Rs 111.50 and Rs 112.50 respectively, they said.
Friday, August-07-2015

Better management urged to cut flood losses
According to the latest monsoon daily situation report issued on 4 August by the National Disaster Management Authority (NDMA), 818,044 people have been affected and 151 died as a result of floods prevalent across the country.
Thursday, August-06-2015

Pak mangoes in Japanese island
Pakistani mangoes have made their way to Japan's Honshu region, giving the Japanese locals a new exciting reason to shop for the King of Fruits. Honshu is the largest and most populous island of Japan.
Thursday, August-06-2015

Crop survey in flood-hit parts
Provincial Parliamentary Secretary on Agriculture Ijaz Ahmad Noon ordered EDOs agriculture of flood-hit districts to complete a survey of crop area early to ensure in time payment of compensation to farmers.
Thursday, August-06-2015

Govt forms six working groups on farmers protest
The government continued apathy towards agriculture sector would result in slump in the national economy and unrest in the rural areas, the farmer claimed. The farmers can no longer take the burden of anti-agriculture policies of the government and are almost at the verge of starvation, the source said quoting a farmer representative.
Thursday, August-06-2015

Life of Mangla reservoir enhanced by another 100 years
Some of the measures taken under the project from 1960 to 2015 include plantation of about 133 million trees, construction of dry stones and earthen structures measuring 122 million cubic feet in the form of check dams and retaining walls etc, construction of 4000 engineering structures of stone masonry dam and drop spillway etc, improving 8400 acres of cultivated land and imparting training to the farmers.
Thursday, August-06-2015

No shortage of sugar in country
Contrary to these accusations mills are keeping huge stocks of sugar and there is no sale of sugar for the last one month.
Thursday, August-06-2015

Leather exports decline by 28 percent
He also attributed the causes of decline in leather goods exports to frequent loadshedding, persisting gas and water shortages, stuck-up amount under the head of local taxes and genuine refunds in the form of duty drawbacks, sales tax, income tax, etc.
Thursday, August-06-2015

APTMA to hold meeting with govt officials today
The All Pakistan Textile Mills Association (APTMA) will hold meeting with government officials on Thursday on the tariff, tax and investment related issues confronting the viability of the industry.
Thursday, August-06-2015

Cotton market: rates decline on quality factor
The official spot rate was down by Rs 50 to Rs 4550, dealers said. Seed cotton prices in Sindh were at Rs 1700-2300, in Punjab, prices were at Rs 1800 and Rs 2350, they said.
Thursday, August-06-2015

Pesco to start Photo Meter Reading from this month
To facilitate customers and improve electricity supply system, Pesco BoD accorded approval to purchase 13186 HT structures and purchase 22894 LT structures and purchase of 1232 distribution transformers of different categories.
Thursday, August-06-2015

THE RUPEE: firm trend
OPEN MARKET RATES: The rupee sustained last levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively. The local currency managed to recover 75-paisa versus the euro for buying and selling at Rs 111.25 and Rs 112.25, they said.
Thursday, August-06-2015

Harvest: Monsoon rains to help crop production
The monsoon rains would boost production of sugarcane, rice and maize crops which require more moisture content for enhancing productivity, according to agriculture experts.
Wednesday, August-05-2015

Scientists urged to develop new mango varieties
Scientists should develop mango varieties having good nutritional value but low Fructose and Sucrose, have exotic taste and aroma, are in good shape and colour, have more pulp and smaller stone and a stronger connecting branch so it does not fall due to duststorm, Gulzar said during visit to different sections of Mango Research Institute (MRI) here on Tuesday.
Wednesday, August-05-2015

Punjab Agri Dept to help promote kitchen gardening
Objective of kitchen gardening project is to provide fresh vegetables to households without poisons, sprays & pesticides. Spokesman also urged the community to get benefit from the vegetable seed packets to grow vegetables at their homes which is not only a healthy activity but also considerably lessens kitchen expenses.
Wednesday, August-05-2015

Rice-wheat farming techniques: Engro Foundation completes innovative training program
The project was a first of its kind training program that has successfully introduced innovative and more effective rice-wheat farming techniques and technologies to smallholder farmers in five districts of the Punjab.
Wednesday, August-05-2015

Cattle market: Online purchase system to be introduced
The online purchase system would be introduced at the cattle market to be set up at Superhighway in Karachi for the sacrificial animals in connection with Eid ul Azha.
Wednesday, August-05-2015

Guddu and Sukkur Indus River still in high flood
According to latest meteorological and hydrological conditions observed by Flood Forecasting Division(FFD) Lahore the mighty Indus remained in very high flood level at Guddu and Sukkur barrages for the third consecutive day on Tuesday with respective water flow of 7,29,600 cusecs and 7.0 37,00 cusecs of water.
Wednesday, August-05-2015

APTMA defers August 7 strike to next month
APTMA Chairman S M Tanveer while chairing a general body meeting of the members here on Tuesday made this announcement in a press conference at the Punjab office.
Wednesday, August-05-2015

Dar briefed about challenges to textile exports
Pakistan would be unable to capture its textile exports share in the global market if the government continues to burden the sector with heavy taxes and energy tariff, which makes it uncompetitive with other regional competitors.
Wednesday, August-05-2015

Chinese investment to promote cotton industry
The Punjab agriculture minister has claimed that Chinese investment in the backward areas of the province will not only help tackle unemployment but also promote the latest cotton industry.
Wednesday, August-05-2015

Cotton market: prices stable on improved trade activity
Seed cotton prices in Sindh were at Rs 1700-2300, in Punjab, prices were at Rs 1800 and Rs 2350, they said. In the ready business, over, 8,000 bales of cotton changed hands between Rs 4400 and Rs 4900, they said.
Wednesday, August-05-2015

Pakistan to have significant energy growth soon
He said hopefully, sanctions on Iran would be soon lifted and Iran-Pakistan (IP) Gas project would become reality. Prime minister of Pakistan has also discussed energy issue with Turkmenistan in his recent visit. We are generating 100mw electricity from wind corridors, which have the capacity of thousands megawatts.
Wednesday, August-05-2015

THE RUPEE: no major change
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not move any side against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively. The local currency followed the same track in relation to the euro, sustaining last levels for buying and selling at Rs 112.00 and Rs 113.00 respectively, they said.
Wednesday, August-05-2015

Indus River New wave of high flood formed
According to latest Meteorological & Hydrological conditions observed by Flood Forecasting Division Lahore, River Indus at Kalabagh is in High Flood level, (inflow 511,100 cusecs) at Chashma 595,100 cusecs and at Taunsa 504,500 cusecs.
Tuesday, August-04-2015

New fishing season begins with traditional rituals
The fishermen and boat owners estimate that the low seafood landing inflicted big financial losses on them and exporters as well. However, they are still worried to know the causes behind the "worst" fall.
Tuesday, August-04-2015

Construction of small dams Shahbaz seeks World Bank assistance
A top-level delegation, led by Managing Director and Chief Operating Officer of the World Bank Group Sri Mulyani Indrawati, met the Punjab chief minister on Monday to talk about matters of mutual interest and promotion of co-operation in education, health, energy, skilled manpower development and disaster management.
Tuesday, August-04-2015

Cotton market spot rate lower on modest trade activity
Spot rate drifted lower on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was down by Rs 50 to Rs 4600, they said.
Tuesday, August-04-2015

TAPI gas pipeline project: ''Ground-breaking ceremony will be held in December''
The Prime Minister said that realising the TAPI project would meet the energy requirements of the region and will benefit all countries of the region. The Prime Minister discussed the regional connectivity initiative with the Deputy Prime Minister and said that rail/road links between Gwadar and Central Asia would increase the economic activity in the region.
Tuesday, August-04-2015

Around 0.7mn people affected due to rains
Spokesperson of National Disaster Management Authority (NDMA), Ahmed Kamal has said that around 0.7 million people from Punjab and Sindh were affected due to monsoon rains in the country.
Tuesday, August-04-2015

THE RUPEE: marginal change
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee firmly held the last levels against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively. The local currency was slight higher in relation to the euro, rising 10-paisa for buying and selling at Rs 112.00 and Rs 113.00, they said.
Tuesday, August-04-2015

TCP sells 6,800 cotton bales
TCP issued first tender on July 16, 2015 for the sale of 95,400 cotton bales (crop year 2014-15), procured some six months back to support farmers and the domestic market.
Saturday, August-01-2015

MoC to support textile policy
Textile sector''s share in country''s exports is around 60 per cent but its share in global trade is on the decline due to domestic impediments and global recession.
Saturday, August-01-2015

Dar invites APTMA to mull over issues today
The textile industry circles said they were fed up with unprecedented power cuts over the last five years, followed by shifting of the inefficiencies of the system on them in shape of electricity surcharges and taxes.
Saturday, August-01-2015

Prices stabilise on cotton market due to quality factors
The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 1700-2200 and in the Punjab rates were at Rs 1723-2300, they said. In the ready business, over 8000 bales of cotton changed hands between Rs 4600 and Rs 4900, they said.
Saturday, August-01-2015

Torrential rains, floods continue to ravage Chitral
A new spate of flash floods caused by torrential rains on Saturday wreaked havoc in most parts of the already damaged district of Chitral, including Kalash valley, in Khyber Pakhtunkhwa, sweeping away dozens of homes, and destroyed roads and crops.
Saturday, August-01-2015

Nominal cut in petrol prices
According to officials, due to the fluctuations in global oil prices the price of average Arab Light crude during the ongoing month remained at $56.57 per barrel against $61.19 per barrel last month. A statement issued by Finance Ministry said that the price of HSD, which is used mostly in the transport and agriculture sectors, has come down by Rs 2.06 from Rs 87.11 to Rs 85.05 per litre.
Saturday, August-01-2015

THE RUPEE: mixed trend
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged against the dollar for buying and selling at Rs 102.80 Rs 103.00 respectively, however, it shed 20-paisa in terms of the euro for buying and selling at Rs 112.00 and Rs 113.00 respectively, they said.
Saturday, August-01-2015


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