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World Agriculture News

March 2015

News Archive

LCCI urges govt to promote biotechnology as substitute of conventional energy resources
The Lahore Chamber of Commerce & Industry (LCCI) has stressed the need to spend sufficient funds and amount of energy and resources sector for the promotion of biotechnology that is the best substitute of conventional energy resources.
Saturday, March-28-2015

Sarsabz Agri Expo
Fatima Group has been organizing Pakistan's largest Agriculture Exposition for the past three years.
Saturday, March-28-2015

Irsa foresees no water shortage for Kharif crops
The technical committee of Indus River System Authority (Irsa) comprising senior provincial technical representatives and meteorological experts has assessed there would be no shortage of water for sowing and maturing the Kharif crops 2015 across the country.
Saturday, March-28-2015

February fertilizer offtake down 21 percent MoM
Total fertilizer offtake for February '15 fell by 21 percent (MoM) to 606,000 tons from 766,000 tons in Jan'15.
Saturday, March-28-2015

UAE company to establish modern oil refinery in KP
A company of Untied Arab Emirates is planning to set up a state-of-the-art oil refinery in Khyber Pakhtunkhwa at a cost of around $500 million which will start functioning by the middle of 2016.
Saturday, March-28-2015

German envoy, Shahbaz discuss co-operation in energy sector
Ambassador of Germany Dr Cyrill Nunn called on Punjab Chief Minister Shahbaz Sharif here on Friday and discussed matters of mutual interest, bilateral relations and promotion of co-operation in energy and other sectors.
Saturday, March-28-2015

Wind power project: Gul Ahmed, AEDB sign guarantee
Gul Ahmed Wind Power Ltd, a subsidiary of Gul Ahmed Energy Limited and Alternative Energy Development Board (AEDB) Friday signed government of Pakistan guarantee by achieving financial close of its 50MW wind power project.
Saturday, March-28-2015

Cotton market: prices may continue to surge on rising demand
Prices went up further on the cotton market on Friday in the process of rising demand by mills and spinners, dealers said.
Saturday, March-28-2015

Nigerian market has huge potential for Pakistani exporters
Newly designated Pakistani Ambassador to Nigeria Lieutenant General Agha M Umer Farooq (Retd) visited to Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) recently.
Saturday, March-28-2015

THE RUPEE: modest rise versus $
Gradual increase was seen in the value of the rupee against the dollar on local money market on Friday amid easy supply of the greenback, dealers said.
Saturday, March-28-2015

Seminar on 'Promoting Agriculture Value Chain Financing' to be held on March 30
The State Bank of Pakistan (SBP) is going to conduct a Seminar on ?Promoting Agriculture Value Chain Financing? in Pakistan on March 30, 2015 at Marriott Hotel, Karachi.
Friday, March-27-2015

World is using too much water, warns UN
The world will struggle to keep up with increasing demands for water if things don't change, warned the United Nations (UN).
Friday, March-27-2015

Agriculture sector crisis: Academia, researchers should come up with solutions
Punjab Agriculture Minister Dr Farrukh Javed said that the agriculture sector is facing different challenges including water scarcity, climate changes and crippling energy crisis in which academia and researchers should come up with solutions to overcome the challenges.
Friday, March-27-2015

Farmers end protest after Hamza's assurance
After successful dialogues between negotiating team of Punjab government headed by central leader of PML-N Hamza Shahbaz Sharif MNA and representatives of farmers, the cultivators have announced to end their protest.
Friday, March-27-2015

Sugar millers seek Rs 22 billion loan for payment to growers
Pakistan Sugar Mills Association (Punjab Zone) has urged the provincial government to extend Rs 22 billion loan to its members, enabling them to clear the outstanding dues of sugarcane farmers which, it fears, will be up to Rs 40 billion by the end of the current crushing season.
Friday, March-27-2015

Power sector projects: Xi likely to arrive on March 10
Chinese President Xi Jinping is expected to visit Pakistan on April 10, 2015 to witness the signing ceremonies of different projects, including power sector projects.
Friday, March-27-2015

Five export sectors: FBR to weed out problems in sales tax regime
The Federal Board of Revenue (FBR) will convene meetings with the five export-oriented sectors, ie, textile, leather, surgical, carpets and sports goods to weed out problems in existing sales tax regime and ensure reduction in accrual of sales tax refund.
Friday, March-27-2015

Good grade cottons command higher prices
While the current cotton season (August 2014 / July 2015) gradually peters out, the prices for both seedcotton (Kapas/Phutti) and for the meager floating stocks of lint in the market have risen.
Friday, March-27-2015

Seed cotton prices improve on persistent demand
Falling stock of fine cotton, kept mills and spinners under pressure, causing increase in the rates on the cotton market on Thursday, dealers said.
Friday, March-27-2015

APTMA terms refund on account of FAC 'insufficient'
Rejecting the National Electric Power Regulatory Authority's (Nepra) decision of refunding a meager amount of Re 0.81, per unit, to the consumers of K-Electric on account of fuel price adjustment charges for January, 2015, Chairman of All-Pakistan Textile Mills Association (APTMA), Sindh-Balochistan Zone, Tariq Saud has urged the government to consider consumers of K-Electric at par with consumers of other power utilities of the country.
Friday, March-27-2015

THE RUPEE: modest recovery
The rupee maintained an upward trend against the dollar on the money market on Thursday in the process of trading, dealers said.
Friday, March-27-2015

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 4.326 billion as compared to PKR 2.825 billion reported on Wednesday, an increase of 53 percent.
Friday, March-27-2015

ADB projects weak growth for Pakistan's agriculture, LSM, exports
Weak results of some major crops in Pakistan are likely to limit any rebound in agriculture while large-scale manufacturing (LSM) growth will be contained in fiscal year 2014-15 (FY15).
Thursday, March-26-2015

80% of olive cultivation project completed
In the past two and a half years, almost 80% of work in specific areas has been completed on the olive cultivation project.
Thursday, March-26-2015

Farmers warn of countrywide protest
Farmers are devising a protest strategy against the government for its alleged non-seriousness in resolving their problems and not fulfilling commitments made with them, said Pakistan Kisan Ittehad president Khalid Khokhar.
Thursday, March-26-2015

Irsa starts filling Mangla dam on River Jhelum
The Indus River System Authority (Irsa) has started filling the almost emptied Mangla dam on the River Jhelum and reduced the outflow from 37,000 cusecs to 15,000 cusecs. Punjab Irrigation engineers told Business Recorder, here on Wednesday.
Thursday, March-26-2015

Lean business on grain market
A few changes were seen on the wholesale grain market on Wednesday in the process of trading, dealers said.
Thursday, March-26-2015

Power sector: Budget subsidy consumed in eight months
Power sector has consumed the budgeted subsidy on account of tariff differential during the first eight months of the current fiscal year, it was reliably learnt.
Thursday, March-26-2015

Tarbela 5th Extension Hydropower Project: WAPDA all set to submit PC-I document
The Pakistan Water and Power Development Authority is set to submit PC-I of 1410-MW Tarbela 5th Extension Hydropower Project worth $795.8 million to the Ministry of Water and Power for the Planning Commission's approval.
Thursday, March-26-2015

Uniform tax regime should be applied to all sectors
Former State Bank of Pakistan (SBP) governor Dr Ishrat Hussain has said on Wednesday that the uniform tax regime should be applied to all sectors without discrimination and on the principle of utility to boost industrialisation.
Thursday, March-26-2015

Cotton market: spot rate gains as demand outstrips supply of fine type
Prices improved on the cotton market on Wednesday as the ginners showed reluctance in selling of little unsold stock of fine quality, dealers said.
Thursday, March-26-2015

Decline in exports: PTEA seeks remedial measure to check shortfall
Pakistan Textile Exporters Association (PTEA) has expressed grave concern over 12.9 percent drop in exports in last month and demanded of the government to take immediate remedial measures to arrest this shortfall.
Thursday, March-26-2015

BASF presents integrated solutions for leather industry
BASF presented a broad-range of innovative solutions for leather processing and footwear customers at the recent Pakistan Mega Leather Show held in March 2015 at Lahore.
Thursday, March-26-2015

THE RUPEE: firm trend
Steadier trend was witnessed on the money market on Wednesday as the rupee moved cautiously versus the dollar in the process of trading, dealers said.
Thursday, March-26-2015

$187 million World Bank grant for Sindh
The World Bank has approved a loan of $187 million to help improve irrigation water management at tertiary and field levels in Sindh.
Wednesday, March-25-2015

China to Invest in industrial, agriculture and other sectors in Punjab
Talking to a delegation of China Association of Development Zone, the chief minister said, Punjab had vast opportunities of investment in energy, infrastructure, agriculture, livestock, education, health and other sectors and facilities were being extended to foreign investors on priority basis.
Wednesday, March-25-2015

Protect bird species
Birds play an important role to save the agriculture of a country by catching small insects that destroy ready crops.
Wednesday, March-25-2015

Govt urged to announce wheat support price
President Kissan Board Punjab Arslan Khan Khakwani urged the government to announce support price of wheat and also issue instructions to food and PASSCO departments to purchase the golden grains.
Wednesday, March-25-2015

ZTBL has not lowered interest rate, National Assembly body told
Zarai Taraqiati Bank Limited has not lowered interest rate despite a substantial cut in discount rate by the State Bank of Pakistan (SBP) in recent months.
Wednesday, March-25-2015

Met Office issues advisory for farmers
The Met Office has advised the farmers of agriculture plains to irrigate the maturing wheat crop keeping in view the expected rains. "Wheat crop is in different maturity stages.
Wednesday, March-25-2015

Misusing Entrustment Scheme: Unscrupulous elements import Rs 86.63 billion gold
Some unscrupulous elements have reportedly exploited import procedure to bring gold worth Rs86.63 billion in the country under tax exemption regime; it is learnt on Tuesday.
Wednesday, March-25-2015

Sindh seeks a bigger say in gas matters
The government of Sindh said the Constitution does not divide "natural gas" into locally produced or imported. Moreover, considering LNG as an import item may further lead to legal and constitutional complications.
Wednesday, March-25-2015

Pakistan, Qatar to enhance co-operation in energy, other fields
Pakistan and Qatar have agreed to further promote ties in the fields of energy, trade, economic, investment, manpower and defence considering them as priority areas for further enhancing bilateral relations and strengthening their existing mutually beneficial co-operation.
Wednesday, March-25-2015

Textile industry: Pepco disrupts power supply temporarily
Pakistan Electric Power Company (Pepco) has introduced temporary power cut of four hours to the textile industry, assuring the resumption of uninterrupted supply after two days.
Wednesday, March-25-2015

Ban on paddy crops: action ordered against violators
The Superintendent Engineer Rohri Canal, Circle Hyderabad Saeed Ahmed Jagirani presiding over a meeting of all Executive Engineers of Rohri Canal Circle has directed the officers to ensure the imposition of a ban on Paddy Crops sowing along the Rohri Canal.
Wednesday, March-25-2015

Cotton market: prices move up amid enhanced buying by mills
Mills and spinners showed fresh interest in purchasing of lint cotton to cover their immediate needs, dealers said on the cotton market on Tuesday.
Wednesday, March-25-2015

PYMA hails reduction in mark-up rate
Pakistan Yarn Merchants Association (PYMA) has hailed the 50 basis point cut in markup rate announced by the State Bank of Pakistan and termed it as realistic and pragmatic.
Wednesday, March-25-2015

THE RUPEE: light recovery
The rupee somehow managed to recover modestly against the dollar on the local currency market on Tuesday, dealers said.
Wednesday, March-25-2015

Pulses import rises by 37 percent
The country's pulses import mounted by 37 percent to 254.557 million dollars in July-February 2014-15, official figures mentioned.
Tuesday, March-24-2015

Butchers given deadline for selling hygienic meat
District administration, Peshawar has given a deadline of one month to butchers s for selling clean and hygienic meat on officially fixed rate and its weighting on electronic scale.
Tuesday, March-24-2015

Power shortage brings per capita electricity consumption down
An unprecedented power shortage in Pakistan has brought the per capita electricity consumption down to 449 kWh against 2700 kWh in Turkey, 4250 kWh in Malaysia and 13,250 kWh in USA.
Tuesday, March-24-2015

Government seeks to levy standard ST on cotton in budget: Rs 50 billion revenue eyed
The government seeks to impose a standard sales tax on cotton in the budget 2015-16 with a view to generating about Rs 50 billion revenue, official sources told Business Recorder.
Tuesday, March-24-2015

Claims filing: PRGMEA urges ministry to extend date
The Pakistan Readymade Garments Manufacturers and Exporters Association (South Zone) has urged the Ministry of Textile Industry to extend the date to file the claims under notification no. 1(41) TID/14-RDA till May 31, 2015 due to lengthy procedure and frequent changes by RDA cell in online submission of claims for which members are facing problems to file their online claims.
Tuesday, March-24-2015

Trading of shares: registration certificate made mandatory for research analysts
The Securities and Exchange Commission of Pakistan (SECP) has directed all research analysts, who issue reports on buying/selling of shares for general public, to obtain the certificate of registration from the commission.
Tuesday, March-24-2015

Daily trading report of PMEX
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.519 billion and number of lots traded was 22,112. PMEX Commodity Index closed at 2,531.
Tuesday, March-24-2015

The Indus Commission hasn't played an effective role
The Indus Waters Treaty signed between India and Pakistan in 1960 did not envisage disputes and concerns arising in subsequent years.
Saturday, March-21-2015

Indonesia plans levy of $50/tonnes on crude palm exports instead of tax threshold cut
Indonesia will impose a levy of $50 a tonne on exports of crude palm oil when prices fall below a threshold triggering a monthly tax on shipments overseas, the chief economics minister said.
Saturday, March-21-2015

Ministry allowed to supply LNG to fertilizer sector
Economic Co-ordination Committee (ECC) of the Cabinet has allowed Petroleum Ministry to supply imported LNG to fertilizer sector after fulfilling power sector's needs.
Saturday, March-21-2015

Growers to hold rally in Lahore on March 25
The Pakistan Mutthida Kissan Mahaz and the Pakistan Kissan Ittehad have announced that they will stage a big rally at Nasir Bagh in the provincial metropolis on March 25 to press the government to subsidise the agriculture which according to them has become a trade of deficit at present.
Saturday, March-21-2015

Indian boats purchased by fishermen: SHC gives more time to file comments on petition against KFHA, others
The Sindh High Court has given more time to Livestock & Fisheries Department, Karachi Fish Harbour Authority (KFHA) and other respondents to file comments on a petition seeking registration of seized Indian boats purchased by the fishermen.
Saturday, March-21-2015

Project initiated to generate gas from waste
Managing Director Sindh Waste Management Board, Roshan Ali Shaikh, has said that the provincial government has initiated a project for proper disposal of waste being collected from the cities and generating gas from it.
Saturday, March-21-2015

Sindh coal power projects exempted from WHT deduction
The coal mining and coal-based power generation projects in Sindh have been exempted by the Federal Board of Revenue (FBR) from withholding tax deduction against payment made to Permanent Establishment (PE) of non-resident persons in Pakistan for sale of goods, rendering services and execution of contracts. In this regard, the FBR has issued an SRO 235(I)/2015 here on Friday.
Saturday, March-21-2015

Cotton market: mills lay hands on fine quality stuff
A modest trading activity was again witnessed on the cotton market on Friday as mills and spinners cover immediate needs, dealers said.
Saturday, March-21-2015

Cotton production increased by 10.59pc
The Pakistan Cotton Ginners Association (PCGA) fortnightly report shows that around 1,47,85,795 cotton bales were sourced to the country's ginners by March 16, 2015, which shows an increase of 10.59 percent than last year when ginneries received 1,33,69,627 bales of cotton.
Saturday, March-21-2015

Major changes in policy urged to meet growing demand for food
Water is the key to food security. Major changes in policy and management, across the entire agricultural production chain, are needed to ensure best use of available water resources in meeting growing demands for food and other agricultural products.
Saturday, March-21-2015

THE RUPEE: no change in rates
The rupee held the overnight levels against the dollar on the local currency market on Friday, dealers said.
Saturday, March-21-2015

Water key to food security, say experts
Speakers at a seminar said that water was a key to food security. They said that major changes in policy and management across the entire agricultural production chain were needed to ensure best use of available water resources aimed at meeting growing demands for food and other agricultural products.
Friday, March-20-2015

New seed law might create foreign monopoly
The National Assembly's (NA) enactment of the Pakistan Amended Seed Act, 2014, has rattled the farmers? community, who fear being flooded by foreign Genetically Modified (GM) seeds.
Friday, March-20-2015

PARC, CDA ink MOU to produce high quality honey
Pakistan Agricultural Research Council (PARC) and Capital Development Authority (CDA) Thursday signed a Memorandum of Understanding (MoU) aiming at producing high quality honey from Margalla hills.
Friday, March-20-2015

6-8% per annum growth: TDAP delegation to visit Nigeria for boosting economic ties
Trade Development Authority of Pakistan (TDAP) Chief Executive SM Muneer has called on newly-appointed Nigerian Ambassador to Pakistan Agha M Umer Farooq and discussed economic ties between Nigeria and Pakistan.
Friday, March-20-2015

Punjab achieves all agriculture production targets
Punjab Agriculture Minister Dr Farrukh Javed has said the provincial government has achieved all its agricultural production targets this year.
Friday, March-20-2015

Sarsabz Agriculture Expo 2015 begins
A two-day agriculture exhibition titled 'Sarsabz Agriculture Expo 2015' opened at Expo Centre on Thursday.
Friday, March-20-2015

Pakistan: Mango growers advised to drain rainwater
The mango growers have been advised drain out rainwater from the orchards immediately.Mango Research Institute (MRI) Multan Director Dr Hameedullah also advised them to opt for anti-fungus treatment to mango orchards for protection against diseases and pests as the mango passes through delicate flower stage.
Friday, March-20-2015

Officials directed to ensure sale of vegetable oil, ghee at fixed prices
Commissioner Sukkur, Muhammad Abbas Baloch has directed that indiscriminate action be taken against hoarders and profiteers.
Friday, March-20-2015

Cotton prices firm up on dwindling supplies
Domestic cotton prices rose again on Thursday due to dwindling supplies of good quality cotton from the current crop (August 2014 / July 2015).
Friday, March-20-2015

Steadier trend witnessed amid tight supply
Firmness prevailed on the cotton market on Thursday as mills and spinners were on the sidelines owing to tight supply of lint cotton, dealers said.
Friday, March-20-2015

THE RUPEE: dollar at Rs 102.10 on interbank market
Strong demand pushed the dollar higher on the interbank market on Thursday in the process of trading, dealers said.
Friday, March-20-2015

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.136 billion.
Friday, March-20-2015

Uplifting agriculture: Programme to help FATA
The United States government, through the US Agency for International Development (USAID), has launched an initiative to uplift the agriculture sector and private businesses in Federally Administered Tribal Areas (Fata), helping the region?s move towards progress.
Thursday, March-19-2015

Govt striving hard to enhance water storage capacity
State Minister for Water and Power Abid Sher Ali on Wednesday said that maximum efforts were underway to enhance water storage capacity in the country to meet agriculture needs of Pakistan.
Thursday, March-19-2015

3 gas-based power projects of 3600MW to be set up in Punjab
Punjab Chief Minister Muhammad Shahbaz Sharif presided over an important briefing meeting in Islamabad on Wednesday regarding energy projects.
Thursday, March-19-2015

Agri credit disbursement surges to Rs 288.7bn in 8 months
During first eight months of current fiscal year (July-Feb. 2015) the banks have disbursed Rs 288.7 billion which is 57.8% of the overall annual target of Rs 500 billion and 32.3% higher than disbursement of Rs 218.3 billion made during the corresponding period last year.
Thursday, March-19-2015

Fishermen rescue endangered dolphin, free it into waters
A 5.5 feet-long endangered Indo-pacific humpback dolphin that had beached Sonmiani coast, Balochistan surprisingly found a helping hand from local fishermen, who rescued and freed it in the waters.
Thursday, March-19-2015

DAWN Sarsabz Agri Expo begins today
The DAWN Media Group, in association with Fatia Group, is set to organise the fourth DAWN Sarsabz Pakistan Agri Expo and Conference at the Expo Centre in Johar Town here from Thursday (today).
Thursday, March-19-2015

Agriculture-related businesses: FPCCI chief for creating conducive environment
Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Chairman Standing Committee on Horticulture and Agriculture Produce, Ahmad Jawad called the Punjab Minister of Agriculture Dr Farrukh Javed in his office at Lahore to discuss on the agri sector transformation at provincial level.
Thursday, March-19-2015

Import of 0.38 million tons of urea for Kharif planned
The Fertilizer Review Committee (FRC) has proposed import of 0.38 million tons of urea to avert shortage in the domestic market during the Kharif season.
Thursday, March-19-2015

Rs 2.0841 per unit refund approved by Nepra
National Electricity Power Regulatory Authority (Nepra) has approved a refund of Rs 2. 0841 per unit for January 2015 to be adjusted in electricity bills of April 2015 to consumers under a monthly fuel price adjustment mechanism overcharged by power distribution companies (Discos), though lifeline consumers will not benefit from this refund.
Thursday, March-19-2015

Cotton market: Prices move up amid persistent demand by mills, spinners
Persistent demand by mills and spinners boosted the rates on the cotton market on Wednesday in the process of trading, dealers said. The official spot rate was up by Rs 50 to Rs 5050, dealers said.
Thursday, March-19-2015

APTMA rejects inclusion of unaccounted for expenses in FPA for January
All Pakistan Textile Mills Association (APTMA) has rejected the incorporation of unaccounted for expenses in the Fuel Price Adjustment for the month of January 2015.
Thursday, March-19-2015

THE RUPEE: all-round slides
The rupee fell against the dollar and euro on the local currency market on Wednesday in the process of trading, dealers said.
Thursday, March-19-2015

Daily trading report of PMEX
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.153 billion as compared to PKR 2.167 billion reported on Thursday, an increase of 45 percent.
Thursday, March-19-2015

Despite huge irrigation system, Pakistan's land remains thirsty
With three earth-filled dams, 19 barrages, 12 link canals, 43 irrigation canals extending over a length of 58,500 kilometers and nearly 100,000 watercourses, Pakistan has a huge irrigation system.
Wednesday, March-18-2015

Credit guarantee scheme for small farmers approved
Finance Minister, Muhammad Ishaq Dar at a meeting here on Tuesday approved Credit Guarantee Scheme focusing on small farmers who do not have any collateral to offer against loans.
Wednesday, March-18-2015

Foreign investment to improve farm output
Minister for National Food Security and Research Sikandar Hayat Bosan says the government is making efforts to attract foreign investors to invest in the agriculture sector of Pakistan.
Wednesday, March-18-2015

Water accord: CCI meets today to consider KPK proposal
The Council of Common Interests (CCI), which is scheduled to meet on Wednesday (today) with Prime Minister Nawaz Sharif in the chair, will consider a proposal of Khyber Pakhtunkhwa (KPK) to amend the Indus Water Apportionment Accord 1991 to get its due share of allocated water and compensation from those provinces who used its share of water.
Wednesday, March-18-2015

GM PIDA for receiving 100 percent abiyana by June 30
General Manager Punjab Irrigation & Draining Authority (PIDA), Chaudhry Khawar Nazir has said that farmer organisations should expedite the work of receipt of abiyana so that target of 100 percent receiving of abiyana could be completed by June 30.
Wednesday, March-18-2015

Fertiliser sector: budgeted subsidy to lapse
Federal Minister for National Food Security & Research Sikandar Hayat Khan Bosan on Tuesday said that the budgeted subsidy of Rs 14 billion for fertiliser sector during the current fiscal year would lapse due to a disagreement on pricing mechanism between the government and manufactures.
Wednesday, March-18-2015

Hydropower projects: Wapda likely to offer shares on bourses
Water and Power Development Authority (Wapda) is likely to follow Oil and Gas Development Company Limited (OGDCL) in offering its shares on bourses to generate funds for hydropower projects like 969MW Neelum-Jehlum as the project is yet to achieve financial close, well informed sources in Wapda told Business Recorder.
Wednesday, March-18-2015

Tajikistan to export 1000 megawatts of hydro power to Pakistan by 2018
Tajikistan's Ambassador to Pakistan, Sher Ali S Jononov on Tuesday has said that his country would be able to export 1000 megawatts of clean and cheep hydro-energy to Pakistan by 2018.
Wednesday, March-18-2015

Cotton market: rates up as ginners show reluctance to sell afresh amid tight supply
Slow trading activity was seen on the cotton market on Tuesday as the ginners were not interested in selling of quality lint amid tight supply, dealers said.
Wednesday, March-18-2015

Jakarta Textile Expo 2015: FCCI to participate, make it total success
Faisalabad Chamber of Commerce and Industry (FCCI) will not only participate in Jakarta Textile Expo but also exploit its good offices to make it a total success, President FCCI Engineer Rizwan Ashraf said this while talking Ambassador of Indonesia Burhan Muhammad during a special function held here on Tuesday.
Wednesday, March-18-2015

High cost of business, overvalued currency hampering textile exports badly
Chairman APTMA S M Tanveer has said that the high cost of doing business in Pakistan and overvalued currency is hampering textile exports badly.
Wednesday, March-18-2015

THE RUPEE: mixed patterns
Divergent trends were seen on the currency market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said.
Wednesday, March-18-2015

Daily trading report of PMEX
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.167 billion as compared to PKR 1.815 billion reported on Thursday, an increase of 19 percent.
Wednesday, March-18-2015

New era of Pak-Qatar ties begins
Ambassador of Qatar to Pakistan Saqr Bin Mubarak Muhammad Saqr Al-Mansouri met Punjab Chief Minister Shahbaz Sharif, on Monday and shared views on the matter of mutual interest, Pak-Qatar relations and promotion of cooperation in different sectors.
Tuesday, March-17-2015

China customs foils bid to smuggle soybean worth $869.50m
China customs foiled an attempt of soybean smuggling worth $869.50 million (5.46 billion Yuan) in Qingdao city last year.
Tuesday, March-17-2015

Stakeholders welcome special panel to review proposed THWs
Hazara Farmers Association and All Pakistan Retailer Associations Monday praised the finance minister for considering their views and for directing the formation of a special committee to evaluate the recent proposal by the health ministry to massively increase tobacco health warnings (THWs) from 40% to 85%, a policy that will to boost illicit trade and dramatically impact the livelihoods of approximately 325,000 farmers and retailers.
Tuesday, March-17-2015

Possible shortage in Kharif: decision on fertiliser import likely today
The federal government is likely to take a key decision today [Tuesday] on fertiliser import to avoid possible crisis, as the industry fears over 0.36 million tons of urea shortage for the coming Kharif season.
Tuesday, March-17-2015

Gold import nosedives by 93 percent in July-January fiscal year 2014-15
Pakistan's gold import nosedived by 93 percent during July-Jan 2014-15 to $12.346 million from $172.950 in corresponding period of last fiscal year, official figures showed.
Tuesday, March-17-2015

Reko Diq gold, copper project: Malik, Khaqan, AG, others leave for London
Balochistan Chief Minister Dr Abdul Malik and Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi have left for London to hold talks with the Tethyan Copper Company on the Reko Diq copper and gold project.
Tuesday, March-17-2015

Dasu hydropower project: Wapda signs two contracts
In what can be termed a significant development towards the implementation of the first stage of Dasu Hydropower Project with a generation capacity of 2160MW, the Pakistan Water and Power Development Authority (Wapda) yesterday signed two agreements for relocation of Karakuram Highway (KKH) and construction of Right Bank Access Road in the project area.
Tuesday, March-17-2015

Cotton market: sustained demand helps boost rates amid modest trading
Sustained demand for quality lint, boosted the rates on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5000, dealers said.
Tuesday, March-17-2015

THE RUPEE: rates slip
Marginal fall was witnessed on the local currency market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said.
Tuesday, March-17-2015

Low oilseed prices discourage growers
In spite of the significance of oilseed crops in reducing the country's dependence on imported edible oil, neither the government nor the growers are moved to step up production of the crops.
Monday, March-16-2015

Feed and grains: poultry farmers voice concern over increasing prices
Poultry farmers in Khyber Pakhtunkhwa have voiced concern over growing prices of poultry feed and grains in the local market and demanded action against merchants and mill owners fleecing retailers despite a sharp decline the petroleum rates over the past couple of month in the country.
Monday, March-16-2015

Diamer Bhasha''s revised PC-I: acquisition of land, resettlement approved by Ecnec
Executive Committee of National Economic Council (Ecnec) has approved acquisition of land and resettlement envisaged by Diamer Bhasha project''s revised PC-I at a total cost of Rs 101.34 billion.
Monday, March-16-2015

Cut in vegetable oil and ghee prices: implementation of reduced rates be ensured
Punjab Chief Minister Shahbaz Sharif has said the government is committed to provide relief to the masses and the institutions concerned should play their due role in this regard.
Monday, March-16-2015

PCGA hails withdrawal of GST on oil cake
Pakistan Cotton Ginners Association (PCGA) has hailed the government's decision to waive the five percent general sales tax (GST) on oil cake and two percent GST on oil (Binola oil) and introduced a fresh notification No 188(1)/2015 under which Rs 6 per maund tax would be recoverable on oil seed with effect from July 1, 2014.
Monday, March-16-2015

Iesco to install smart meters to end over-billing complaints
The Islamabad Electric Supply Company (IESCO) will start installing smart meters in next three months to help ensure correct meter readings and address over-billing issue.
Monday, March-16-2015

Irsa's recipe for averting water crisis
The Indus River System Authority's suggestion that the government should divert all development spending to building water reservoirs to overcome the approaching water crisis is too radical to receive the government?s nod.
Monday, March-16-2015

THE RUPEE: divergent trend
The rupee almost managed to hold it's level versus the dollar in the interbank market, while, the national currency fell during the week, ended on March 13, 2015.
Monday, March-16-2015

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.268 billion as compared to PKR 1.824 billion reported on Thursday, an increase of 24 percent.
Monday, March-16-2015

Cotton market: fresh rains effect slight rise in prices
Further rains in the country caused marginal improvement in the rates on the cotton market on Saturday in the process of lean business, dealers said.
Sunday, March-15-2015

APTPMA chief slams proposed increase in gas tariff
Expressing great concern over the prospect of proposed enhancement of Sui-gas prices, Central Chairman All Pakistan Textile Processing Mills Association, ("APTPMA"), Anees Ahmed Motiwala, said that this action would cast devastating repercussions on textile industry, and would give a serious setback to value-added and export-oriented textile industry.
Sunday, March-15-2015

Australian investors should come forward to help Pakistani economy
Australian investors should come forward and explore the huge potential exists in Pakistan which is fast becoming good destination for Foreign Direct Investment (FDI) in South Asia.
Saturday, March-14-2015

Hungary keen on investing in energy sector
Hungary is considering investment in key energy projects in Pakistan, particularly solar and small hydropower plants.
Saturday, March-14-2015

Rains beneficial for major Rabi crops, may affect wheat crop
The ongoing rainy spell is beneficial for overall agriculture production of major Rabi crops, but rain coupled with hailstorm may adversely affect wheat crop, experts said.
Saturday, March-14-2015

Wheat products: 25 percent RD proposed
Ministry of National Food Security and Research has reportedly proposed the imposition of a 25 percent Regulatory Duty (RD) on wheat products instead of continuation of a ban on their import, well informed sources told Business Recorder.
Saturday, March-14-2015

Balochistan drought: Famine remains expansive but hidden
In the famine-hit village of Shah Dost Sasoli it is not uncommon to see piles of goat and sheep carcasses.
Saturday, March-14-2015

Punjab facing emergent hydraulic crisis
Notwithstanding the expensive rehabilitation for years, barrages are still considered to be a highly vulnerable hydraulic structure over the Indus River, a recent study has revealed.
Saturday, March-14-2015

Current rainy spell: farmers advised to control weed growth
The Met Office has advised the farmers to control weeds growth which are likely to reduce the yield of standing crops during the current rainy spell.
Saturday, March-14-2015

Country's survival depends on construction of Kalabagh dam
The Punjab Water Council (PWC) has demanded immediate construction of Kalabagh Dam on the Indus River in district Mianwali and conservation of available water in order to survive and to save our generations from deprivations.
Friday, March-13-2015

Exporters asked to tap Russian trade markets
Russian Ambassador in Pakistan Alexey Yurivich Dedov said that his country is ready to extend support to Pakistan for overcoming prevailing energy crisis and up-gradation of Pakistan Steel Mills.
Friday, March-13-2015

Mango export to EU DPP asked to begin preparation
Chairman, Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Standing Committee on Horticulture and Agri Produce, Ahmad Jawad, has said that the Department of Plant Protection (DPP) must begin preparation for the export of mangos to the European Union.
Friday, March-13-2015

Vegetable oil & ghee: chief minister Punjab reviews implementation of new prices
Punjab Chief Minister Shahbaz Sharif has said that a few profiteers cannot be allowed to exploit 10 crore people of the province.
Friday, March-13-2015

UAF establishes Farmer Facilitation Centre
The University of Agriculture Faisalabad (UAF) has established a "Farmer Facilitation Centre" under which a helpline 080054726 and a website kissandost.pk have been launched in collaboration with National ICT R&D Fund. It was revealed at the conference on site specific and economical crop production technology and its dissemination through ICT held here on Thursday.
Friday, March-13-2015

Raise in industrial gas tariff: government urged to reconsider decision
Punjab Agriculture Minister Dr Farrukh Javed has urged the government to reconsider the decision of increasing tariff of industrial gas as it will have drastic effect on the prices of fertilizer.
Friday, March-13-2015

Prime Minister orders curtailed loadshedding
Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer.
Friday, March-13-2015

Modest trading witnessed amid tight supply
No major change was witnessed in the present outlook on the cotton market on Thursday, dealers said. The official spot rate held the week-end level at Rs 5000, dealers said.
Friday, March-13-2015

Cotton procurement: TCP pays Rs two billion to 212 ginners
The Trading Corporation of Pakistan (TCP) has disbursed over Rs 2 billion among 212 ginners against cotton procurement.
Friday, March-13-2015

Cotton prices remain range bound
Throughout mood of this week, cotton prices remained mostly stalled despite the fact that current crop (August 2014 / July 2015) supplies are tapering off and the new crop (2015 / 2016) could be delayed by two or three weeks due to continuous winter rains in many parts of Punjab.
Friday, March-13-2015

Punjab-based textile industry: government urged to ensure guaranteed, regionally compatible energy supply
Chairman APTMA S M Tanveer has urged the government to ensure a guaranteed and regionally compatible energy supply to the Punjab-based textile industry ahead of summer to let the investment decisions mature.
Friday, March-13-2015

THE RUPEE: mixed patterns
The rupee moved both ways against the dollar on the money market on Thursday in the process of trading, dealers said.
Friday, March-13-2015

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PRK 1.824 billion.
Friday, March-13-2015

Development of agriculture sector must for peaceful world
Federal Minister for National Food Security and Research (NFS&R), Sikandar Hayat Khan Bosan Wednesday said that development of agriculture sector was vital to ensure harmony and peace in the world.
Thursday, March-12-2015

Pakistan eyes 300,000 tons of citrus exports
The target of 300,000 tons of citrus export will be achieved this year, a spokesman of Punjab Agriculture Department claimed on Tuesday.
Thursday, March-12-2015

Sugar export: SBP issues mechanism for availing subsidy
The State Bank of Pakistan (SBP) on Wednesday issued a detailed mechanism for claiming subsidy on sugar export.
Thursday, March-12-2015

Reforms, water projects: Sindh government inks $188 million pacts with World Bank
To support implementation of governance reforms and improving the irrigation systems of government of Sindh, two separate agreements have been signed for $188.00 million (i) "Sindh Public Sector Management Reform Project ($50 million)" and (ii) "Additional Financing for Sindh Water Sector Improvement Phase-I Project ($138.00 million)" on Wednesday.
Thursday, March-12-2015

8,400 cusecs of fresh water being released into Indus Delta
The Sindh Irrigation department is releasing 8,400 cusecs fresh water into the water stressed Indus Delta downstream Kotri barrage after meeting all irrigation water needs of the province for the Rabi crops including wheat, winter vegetables, oil-seeds, lentils, grams, fodder and orchards.
Thursday, March-12-2015

PSC fixes wheat procurement target
Punjab Seed Corporation (PSC) has fixed a target of procuring 1,056,000 bags of wheat from 2014-15 crops besides increasing the gram procurement target by three times as compared to last year.
Thursday, March-12-2015

Cattle auctioning: abolition of system deprives TMAs of Rs 3 billion income
Abolition of old system of auctioning of cattle markets by Tehsil Municipal Administrations (TMAs) and introduction of 'Cattle Market Management Company' system amending the local government ordinance by the Punjab government has deprived the TMAs of the province from expected Rs 3 billion income estimated for the year 2015.
Thursday, March-12-2015

49.5 megawatts wind power project inaugurated
Federal Minister for Water and Power, Khwaja Muhammad Asif here on Wednesday said that only those areas of the country experience more power loadshedding than the hours announced by the government where recovery to the discos is very low mainly because of theft of electricity.
Thursday, March-12-2015

Prime Minister seeks foreign investment in power sector
Prime Minister Muhammad Nawaz Sharif on Wednesday said his government was working on several short and long term projects for power generation and welcomed the keen interest of foreign investors in the key sector.
Thursday, March-12-2015

Cotton market: subdued business on low supply of fine type
Unavailability of quality lint, propelled mills and spinners to keep on the sidelines on the cotton market on Wednesday.
Thursday, March-12-2015

Punjab's textile industry: irregular gas supply to CPPs increasing worries
Worries of the Punjab based textile industry are increasing due to merely four to six hours a day gas supply to the captive power plants (CPPs) despite a clear-cut instruction of uninterrupted supply by the Prime Minister Nawaz Sharif.
Thursday, March-12-2015

APTMA asks government to review proposed increase in gas tariff
All Pakistan Textile Mills Association (APTMA) has urged the federal government to review its decision to increase gas tariff from next month in the best interest of the domestic industry.
Thursday, March-12-2015

THE RUPEE: falling trend
The rupee dropped modestly against the dollar on the money market on Wednesday in the process of trading, dealers said.
Thursday, March-12-2015

Daily trading report of PMEX
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PRK 2.117 billion as compared PKR 1.963 billion, up 8 percent.
Thursday, March-12-2015

Pakistan to reap bumper wheat crops this year
Pakistan will reap a bumper wheat crop this year and surplus the target, as harvesting continues in Sindh, where production is expected to exceed four million tonnes.
Wednesday, March-11-2015

SBP to achieve 5 percent growth rate in FY15
State Bank of Pakistan Deputy Governor Saeed Ahmad is optimistic about the growth rate, claiming that it will achieve a five percent rate during the current fiscal year (2014-15) despite challenges, such as the political and economic instability.
Wednesday, March-11-2015

Technical assistance in renewable sources of energy from Japan sought
Minister of State and Chairman Board of Investment Dr Miftah Ismail Tuesday said Pakistan would seek technical assistance from Japan in renewable sources of energy, such as solar, wind, thermal and biogas.
Wednesday, March-11-2015

PAC body terms expenditure of Irsa ''irregular''
A sub-committee of the Public Accounts Committee (PAC) on Tuesday directed to freeze the funds of Indus River System Authority (Irsa) on the pretext that the payment of house rent ceiling along with the salaries of Irsa''s employees was irregular.
Wednesday, March-11-2015

Government in negotiations with different countries to export surplus wheat: Senate body told
Government is negotiating with different countries to export surplus wheat while Punjab government on Tuesday singed a contract with Tajikistan for export 5,000 metric tons of wheat.
Wednesday, March-11-2015

Citrus exports: PAD predicts record foreign exchange earnings of $200 million
The Punjab Agriculture Department (PAD) has predicted that it could achieve record foreign exchange earnings of $200 million by exporting 300,000 tonnes of citrus exports this year, revealed a department spokesman on Tuesday.
Wednesday, March-11-2015

Government taking steps towards ending energy crisis, terrorism
The Chief Minister of Punjab Shahbaz Sharif has said that controlling problems like energy crisis, terrorism, extremism and sectarianism is essential for rapid development of the country.
Wednesday, March-11-2015

Nepra approves purchase of 1,000 megawatts power from Iran
National Electric Power Regulatory Authority (Nepra) has, in principle, approved the purchase of 1,000 MW electricity from Iran at the rate of Rs 8-10 per unit. Iran has also expressed willingness to extend 70 percent financing for Iran-Balochistan transmission line.
Wednesday, March-11-2015

Cotton market: persistent rise in rates amid strong demand
Persistent demand and delay in early sowing due to rains and prolong winter causing stable trend in the rates, dealers said on the cotton market on Tuesday.
Wednesday, March-11-2015

Jute import falls by 8 percent during July-January period
The country's import of jute fell off by over eight percent to $23.581 million during July-January 2015, according to official statistics.
Wednesday, March-11-2015

THE RUPEE: rate slides marginally
The rupee failed to come out of weakness against the dollar on the local currency market on Tuesday in the process of trading, dealers said.
Wednesday, March-11-2015

Country exports over 40 percent of its Kinnows to Moscow during this season
Chairman Research and Development of All Pakistan Fruit, Vegetable Exporters, Importers and Merchant Association (PFVA), Waheed Ahmed said that following the Russia's ban on food imports from a number of western countries, Pakistan has exported over 40 percent of its Kinnow to Moscow during this season so far.
Tuesday, March-10-2015

Irrigation project to be launched in Potohar region
Provincial Minister for Irrigation Mian Yawar Zaman has said that on the special instruction of Chief Minister, the government of Punjab is commencing a new project namely Potohar Climate Smart Irrigated Agriculture Project (PCIAP) in the Potohar Plateau with the purpose to improve new irrigation and water management system, which in turn will enhance agriculture productivity in the region.
Tuesday, March-10-2015

Well-knitted plan for promoting olive crop prepared
A well-knitted plan has been prepared for the promotion of olive cultivation in the country and Azad Kashmir.
Tuesday, March-10-2015

Khwaja Asif warns of severe water crisis
Federal Minister of Water and Power Khawaja Asif has warned of a severe water crisis in the coming years if measures were not taken promptly to prevent wastage of water.
Tuesday, March-10-2015

Power sector gets over Rs 150 billion subsidy during 8MFY15
The Finance Ministry has reportedly released over Rs 150 billion subsidy to power sector during the first eight months of the current fiscal year, against Rs 179 billion budgeted for the entire fiscal year - an amount that does not include Rs 40 billion provided to the sector recently.
Tuesday, March-10-2015

Wheat export rebate, subsidy: FBR tells Collectors to follow ECC decision
The Federal Board of Revenue (FBR) has directed the Collectors of Customs to follow the decision of the Economic Co-ordination Committee (ECC) of the Cabinet for allowing subsidy/export rebate on export/offload of wheat stock.
Tuesday, March-10-2015

Cotton market: rains, diminishing fine type keep rates firm
Strong mills' and spinners, besides, rains in Punjab played a bullish factor behind the steadier trend on the cotton market on Monday, dealers said.
Tuesday, March-10-2015

ICA President visits Aptma office
International Cotton Association (ICA) President Jordan Lee on Monday visited All Pakistan Textile Mills Association (APTMA) office to discuss about cotton trade under the ICA rules.
Tuesday, March-10-2015

Levy of 50 percent customs duty on Pakistani carpets in Turkey criticised
While launching an attack on Turkish government for imposing 50 percent customs duty on carpets, the Pakistan Carpet Manufacturers and Exporters Association has urged the federal government to retake up the issue with the Turks to drop the duty.
Tuesday, March-10-2015

60 to 80 maunds per acre production: PARC's new wheat varieties show positive results
Pakistan Agriculture Research Council (PARC), during a seminar titled 'The Wheat Travelling Seminar 2015′, has announced that its four new rust-resistant wheat varieties have showed producing desired results.
Tuesday, March-10-2015

PKI calls off march as govt, farmers reach agreement
The Pakistan Kissan Ittehad on Monday called off its long march on Islamabad after five-hour marathon negotiations with the provincial cabinet committee.
Tuesday, March-10-2015

THE RUPEE: rates move both ways
The rupee showed a divergent trend against the dollar on the money market on Monday in the process of trading, dealers said.
Tuesday, March-10-2015

Monthly Agromet Bulletin
Monthly Agromet Bulletin of Pakistan? has been issued. The document covers the post analysis information for Meteorological Data as well as the reports about major crops for the past month.
Tuesday, March-10-2015

Daily trading report of PMEX
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.481 billion.
Tuesday, March-10-2015

Pakistan to host 6th D-8 meeting of agriculture ministers
The 6th D-8 Agricultural Ministers? meeting will be held in Islamabad while the date was still being finalised between the officials of ministry of national food security and the Developing-8 Secretariat.
Saturday, March-07-2015

Irsa warns of water crisis, seeks PSDP freeze
Anticipating a water crisis in the wake of extreme weather conditions, the Indus River System Authority (Irsa) has asked the government to freeze the country's entire development programme for five years and divert funds for construction of major water reservoirs on war footing as a national priority.
Saturday, March-07-2015

Support prices are fixed on pressure of influential landlords
The government must deregulate prices of farm products to make it comparable with international agricultural products, Dr Salman Shah said.
Saturday, March-07-2015

Agriculture sectors: government evolving mechanism to minimise cost of production
Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan has said the government is currently focusing on develop mechanisms for minimising cost of production to increase farmers' interest in agriculture and livestock.
Saturday, March-07-2015

PIDA to regularise services of contract employees
The Punjab Irrigation & Drainage Authority (PIDA) has decided to regularize the services of its contract employees engaged in implementing the irrigation sector reforms program in Punjab.
Saturday, March-07-2015

ST on cottonseed oil: FBR issues SRO188(I)2015, outlining special procedure
The sales tax on supply of cottonseed shall be levied and collected on the basis of quantity supplied, or consumed in-house for expelling of oil by composite cotton ginning units.
Saturday, March-07-2015

Protecting vegetables: farmers advised to spray prophylactic fungicidal
Farmers have been advised to ensure sanitation at their fields and spraying prophylactic fungicidal with a view to protect vegetable crops from diseases.
Saturday, March-07-2015

Pygmy sperm whale dies in fishermen's net
An 8.2 feet-long and 400 kilograms heavy rare pygmy sperm whale strangled to death in a fishermen's net some 120 nautical miles south-west off the Karachi coast on March 4, the WWF-Pakistan said on Friday.
Saturday, March-07-2015

As and when available basis: Ministry proposes RLNG supply to power sector
Ministry of Petroleum and Natural Resources (MoP&NR) has proposed supply of Re-gasified Liquefied Natural Gas (RLNG) to the power sector on "as and when available basis" subject to assurance of payment instead of firm supply, after the Independent Power Producers (IPPs) refused to accept firm supply arrangement on take and pay basis, sources close to Additional Secretary Incharge Petroleum told Business Recorder.
Saturday, March-07-2015

Dastgir optimistic about deals with Kabul, Dushanbe
Federal Commerce Minister Khurram Dastgir Khan has announced that trade agreements are expected between Afghanistan and Turkmenistan.
Saturday, March-07-2015

THE RUPEE: steadier trend
The rupee maintained firmness against the dollar on the local currency market on Friday, dealers said.
Saturday, March-07-2015

Cotton market: prices gain modestly on rising demand by mills, spinners
Mills and spinners kept on the sidelines most of the time owing to diminishing stock of fine cotton lint, dealers said on the cotton market on Friday.
Saturday, March-07-2015

UAF, Korean company to collaborate in agri sector
The University of Agriculture Faisalabad and a Korean company will collaborate in soybean, dairy value chain, value addition and other areas of agriculture to get benefit from each other experiences and to flourish the sector in Pakistan.
Friday, March-06-2015

President inaugurates Horse & Cattle Show
President Mamnoon Hussain inaugurated the colourful National Horse and Cattle Show, held after an 11-year pause, at Fortress Stadium here on Thursday, marking start of spring season and signalling improved law and order situation in the province.
Friday, March-06-2015

Irsa declares zero shortage for Rabi season
Indus River System Authority (Irsa) has declared zero shortage for Rabi season in the wake of substantial inflows and hoped that surplus water will be used for early Kharif-2015, well-informed sources told Business Recorder.
Friday, March-06-2015

Wheat subsidy: SBP links payment to realisation of export proceeds
The State Bank of Pakistan (SBP) has linked payment of subsidy on wheat/wheat flour export with full realisation of export proceeds.
Friday, March-06-2015

Travelling Wheat Seminar to begin today
The 'Travelling Wheat Seminar 2015' will be kicked off in Karachi on Friday (today) with an aim to enable agriculture scientists to reach farmers at their fields and practically witness their success stories and problems related to wheat production.
Friday, March-06-2015

Prices of most vegetables remain stable in city
The improved arrival of vegetables in the market has led to a slight correction in retail prices, as prices of most vegetables such as potato, onions, spinach and tomato remained stable.
Friday, March-06-2015

Energy democracy can resolve power crisis
The Pakistan Economy Watch (PEW) on Thursday said introducing energy democracy in Pakistan can ensure efficiency, investment, and reduced tariffs to resolve energy crisis.
Friday, March-06-2015

Steady posture witnessed on cotton market
Though most sales activity on ready cotton market remained essentially range-bound, nevertheless the fibre prices generally portrayed a steady posture.
Friday, March-06-2015

Cautious buying amid short supply of quality lint
In the local market, prices held the present levels due to short supply of cotton lint, cotton analyst, Naseem Usman said.
Friday, March-06-2015

Dastgir to open first Pakistan Mega Leather Show today
The Lahore International Expo Centre is hosting the first Pakistan Mega Leather Show-2015 today (March 6) after a 10-year break.
Friday, March-06-2015

THE RUPEE: little recovery
The rupee sustained its upward journey, picking up modestly against the dollar on the local currency market on Thursday, dealers said.
Friday, March-06-2015

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.570 billion.
Friday, March-06-2015

Uganda shows interest in transfer of agri technology
Uganda has shown interest in transferring agriculture technology from Pakistan to develop country?s agriculture sector on modern lines.
Thursday, March-05-2015

Rs 50.8 billion irrigation projects to be completed in Punjab
The Punjab Irrigation Department is completing several irrigation development projects worth Rs 50.8 billion across the province for uplift of water resources during FY 2014-15, an official spokesman told Business Recorder here on Wednesday.
Thursday, March-05-2015

Altaf stresses need to construct small dams
Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain said on Wednesday that a network of small dams should be constructed countrywide to overcome water scarcity.
Thursday, March-05-2015

PAC refers NFML urea theft case to NAB
Public Accounts Committee (PAC) on Wednesday referred a case related to the theft of 1,115 metric tons of urea of National Fertilizer Marketing Limited (NFML), to National Accountability Bureau (NAB).
Thursday, March-05-2015

Engro hosts sixth National HSE Seminar
Engro Fertilizer Limited hosted its sixth National Health, Safety, and Environmental (HSE) Seminar in Karachi.
Thursday, March-05-2015

MNAs stage walkout against low sugarcane price in Sindh
The members belonging to agriculture sector in Pakistan People's Party (PPP) and other parties on Wednesday staged a token walkout from the National Assembly against low prices being paid to sugar cane growers of Sindh.
Thursday, March-05-2015

Two nuclear power plants: Exim Bank agrees to extend $6.5 billion credit
Exim Bank of China has reportedly agreed to extend mixed credit of $6.5 billion for two 1100MW each nuclear power plants to be set up at Karachi coast, sources told Business Recorder.
Thursday, March-05-2015

Nepra cuts power tariff by Rs 3.24 per unit
Nepra has reduced power tariff by Rs 3.24 per unit. A notification has been issued in this regard.
Thursday, March-05-2015

UAF conference: government urged to abolish GST, tax on all agriculture inputs & machinery
Speakers at a consultative conference on "Setting research agenda for precision agriculture" held at New Syndicate Hall of the University of Agriculture Faisalabad (UAF) urged the government to abolish GST and income tax on all agricultural inputs and agri machinery to enable the farmers, researchers and the sector compete with rest of the world.
Thursday, March-05-2015

Cotton market: prices inch up amid mills' persistent demand
Persistent demand for quality lint boosted the rates on the cotton market on Wednesday in the process of trading, dealers said.
Thursday, March-05-2015

Bangladesh High Commissioner visits APTMA
High Commissioner of Bangladesh to Pakistan Sohrab Hussain visited APTMA on Monday. Chairman APTMA S M Tanveer welcomed him at the APTMA Punjab House.
Thursday, March-05-2015

THE RUPEE: upward trend
The rupee improved with modest gains against the dollar on the local currency market on Wednesday, dealers said. The rupee rose by four-paisa in terms of the dollar for buying and selling at Rs 101.88 and Rs 101.90 respectively, they said.
Thursday, March-05-2015

Daily trading report of PMEX
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.086 billion.
Thursday, March-05-2015

5pc agri growth rate must for macroeconomic stability
Growth rate of more than 5 per cent in agriculture is essential to attain macroeconomic stability, rapid growth of national income, effective employment generation, securing distributive justice and a reduction in rural poverty levels in Pakistan.
Wednesday, March-04-2015

Punjab Assembly for tax on imported Indian farm products
The Punjab Assembly on Tuesday passed a resolution to impose a tax on the import of agricultural products from India, saying that Indian merchandise was damaging the local agriculturalist.
Wednesday, March-04-2015

Govt asked to waive off GST on agri machinery
Speakers at a seminar have urged the government for waiving off the GST and income tax on all agricultural inputs and agri machinery to enable the farmers and researchers to compete with the world and make progress in agri sector.
Wednesday, March-04-2015

India to import more palm, offset weak demand from biofuel sector
India is expected to import more palm oil this year to counter a domestic deficit in vegetable oil stockpiles, helping offset a drop in demand for the tropical oil for blending purposes from the biofuel sector, leading industry analyst James Fry said.
Wednesday, March-04-2015

Zardari concerned over continued neglect of agriculture sector
Pakistan People's Party Co-Chairman Asif Ali Zardari has expressed grave concern over the continued neglect of the agriculture sector by the present government resulting in despondency among the farming community and steep decline of this critical sector of the national economy.
Wednesday, March-04-2015

FIRs registered against mill owners: government acts to recover sugar growers'' dues
The government has reportedly started action against sugar millers in Punjab after the Economic Co-ordination Committee (ECC) of the Cabinet directed the Ministry of National Food Security and Research to ensure that the interests of growers are not compromised, well-informed sources told Business Recorder.
Wednesday, March-04-2015

Wheat production may be affected: recent rains to have positive impact on major Rabi crops
According to agriculture experts the recent rains will have a positive impact on overall production of major Rabi crops but may negatively affect wheat production in irrigated areas of the country.
Wednesday, March-04-2015

Expo Pakistan 2015 opens new avenues for rice export
'Expo Pakistan 2015' has opened new avenues for the rice export as buyers of several countries were gathered under a roof, said Rafique Suleman Chairman Rice Exporters Association of Pakistan (REAP).
Wednesday, March-04-2015

Funds for uplift works diverted to energy sector
Punjab Industries Minister Chaudhry Muhammad Shafiq said on Tuesday that his government has suspended development projects to divert funds to the energy sector so that it could supply 3,600 megawatts of electricity to the Punjab-based industries in the next two years.
Wednesday, March-04-2015

Cotton market: prices remain firm amid modest trade
Prices maintained firm trend on the cotton market on Tuesday amid modest trading, dealers said. The official spot rate showed no change in overnight level at Rs 5000, dealers said.
Wednesday, March-04-2015

February 16 to March 1: over 14.705 million cotton bales sourced to ginners: PCGA
The Pakistan Cotton Ginners Association (PCGA) fortnightly report shows that around 14,705,853 cotton bales were sourced to the ginners by March 1, which showed an increase of 10.33 percent as compared to last year when ginneries received 1,33,28.667 bales.
Wednesday, March-04-2015

THE RUPEE: easier trend
Modest decline was seen in the value of the rupee against the dollar on the money market on Tuesday, dealers said. The rupee dropped by four-paisa versus the dollar for buying and selling at Rs 101.92 and Rs 101.94 respectively, they said.
Wednesday, March-04-2015

Business community for high priority to agriculture sector
Islamabad Chamber of Commerce and Industry (ICCI) called upon government to pay attention for improving agriculture productivity. It would ensure food security for its teeming millions as food crisis was emerging a major issue for the country.
Tuesday, March-03-2015

Experts urge govt to waive off GST, Income Tax on agri inputs and machinery
Experts at a stakeholders? consultative conference on ?setting research agenda for precision agriculture? at University of Agriculture Faisalabad have urged the government for waiving off the GST and Income tax on all agricultural inputs and agri machinery to enable the farmers, researchers and the sector to compete with rest of the world and make the rural development and the economy to grow.
Tuesday, March-03-2015

Let it flow: Senator promises to table bill for river protection
Scores of men, women and children assembled on Sunday at the bank where the River Indus once merged with the sea on Sunday, offering prayers for a high water flow in an area that had been known for its cultivation before desertification of thousands of acres.
Tuesday, March-03-2015

Minister pledges better life for farmers
Punjab Agriculture Minster Dr Farrukh Javed has assured the provincial assembly that his department will attempt to improve the conditions of farmers in Punjab.
Tuesday, March-03-2015

Fertilizer manufacturers' team meets Dar
A delegation of all stakeholders of the fertilizer manufacturing sector met Federal Minister for Finance Senator Ishaq Dar at the Finance Division on Monday.
Tuesday, March-03-2015

Tax collection from cigarette industry
Pakistan Tobacco Board (PTB) has requested the Ministry of Finance to carry out detailed revenue impact on sales tax/federal excise duty collection from cigarette industry in 2014-15 after introduction of pictorial health warnings size up to 85 percent of the cigarette packs.
Tuesday, March-03-2015

Decline in oil prices hits company: PSO announces financial results for 1HFY15
The Pakistan State Oil (PSO) had its Board of Management (BOM) meeting scheduled for February 19 to consider and approve the company''s half yearly accounts.
Tuesday, March-03-2015

Cotton market: rates rise amid cautious buying by mills
An upward trend was seen on the cotton market on Monday as mills and exporters took interest in purchasing of quality lint to meet their needs, dealers said.
Tuesday, March-03-2015

Pakistan Textile City Karachi project on the verge of collapse: minister tells National Assembly Committee
The Pakistan Textile City Karachi project is on the verge of collapse, incurring huge loss to the national exchequer as the government is paying about Rs 400 million as interest on banks loans per annum.
Tuesday, March-03-2015

Payment of Mark-up Support for Textile Sector: SBP asks banks/DFIs to lodge claims
State Bank of Pakistan (SBP) has directed the banks/DFIs to lodge claims for Mark up Support for Textile Sector against Long Term Loans for the six months period from September 2011 to February 2012. Under the scheme, Ministry of Textile Industry (MINTEX) supports in extent of 5 percent or the difference in mark-up rate between floating rate loan and LTF rate, which is lower.
Tuesday, March-03-2015

Bangladeshi HC visits APTMA
Bangladeshi High Commissioner Sohrab Hussain visited on Monday the All Pakistan Textile Mills Association (APTMA). Chairman S M Tanveer welcomed him at the association's Punjab House.
Tuesday, March-03-2015

THE RUPEE: modest fall
Modest decline was seen in value of the rupee against the dollar on the local money market on Monday, dealers said
Tuesday, March-03-2015


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