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World Agriculture News

November 2014

News Archive

Rabi crop season: wheat to be cultivated over 16.5 million acres in Punjab
Over 16.5 million acres of land would be brought under wheat cultivation during Rabi crop season in wheat growing parts of Punjab.
Saturday, November-22-2014

Basmati growers: Prime Minister for implementing ECC decision on compensation
Prime Minister Nawaz Sharif on Friday directed to properly implement the decision taken by the Economic Co-ordination Committee of the cabinet (ECC) on compensation of Basmati rice growers.
Saturday, November-22-2014

Farmers reject proposed Seed Amendment Bill 2014
Sustainable Agriculture Action Group (SAAG) strongly opposes the process that federal government followed to approve the proposed Seed Amendment Bill 2014 and Plant Breeders' Rights Act.
Saturday, November-22-2014

PLDDB to apply imported artificial semen to over 0.1 million cows
Punjab Livestock and Dairy Development Board (PLDDB) has planned to apply imported artificial semen to more than 0.1 million cows in 16 districts of Punjab including, Kasur, Narowal, Mazafarghar, DG Khan, Layah, Bhakar, Mianwali, Mandi Bahaudin, Pakpatan, Hafizabad, Jehlam and Khushab.
Saturday, November-22-2014

Agriculture credit disbursement up 40 percent YoY
During current fiscal year (July-October 2014) banks disbursed Rs 128.1 billion which is 25.6 percent of the overall annual target of Rs 500 billion and 40.4 percent higher than disbursement of Rs 91.2 billion made during the corresponding period last year.
Saturday, November-22-2014

60 Indian fishermen arrested
Marine forces have arrested more than 60 Indian fishermen for violating territorial waters in Arabian Sea, police said on Friday.
Saturday, November-22-2014

Cotton market: prices extend fall on easy supply
Leading mills and spinners continued normal buying on the cotton market on Friday in the process of trading, dealers said.
Saturday, November-22-2014

APTMA, BCI sign MoU
APTMA and Better Cotton Initiative (BCI) Chief Executive Patrick Charles Laine have signed a memorandum of understanding (MoU) to implement joint and synergetic activities to mainstream sustainability in cotton production in Pakistan.
Saturday, November-22-2014

PCGA meeting defers strike call for a week
The General Body meeting of Pakistan Cotton Ginners Association (PCGA) on Friday remained divided on the issue of observing strike and decided to defer the protest call for a week.
Saturday, November-22-2014

October textile exports up 6.5 percent YoY
The country's textile exports have witnessed an increase of 6.51 percent during October 2014 as compared to the corresponding period of last year, according to the data released by Pakistan Bureau of Statistics here Friday.
Saturday, November-22-2014

First Pakistan Mega Leather Show in March
Pakistan Tanners' Association and Pakistan Footwear Manufacturers Association have been jointly embarked on holding of first Pakistan Mega Leather Show-2015 in Lahore.
Saturday, November-22-2014

THE RUPEE: little changes
Gradual changes were seen in the rupee's value versus the dollar on the local currency market on Friday, dealers said.
Saturday, November-22-2014

REAP urges government to facilitate farmers
Rice Exporters Association of Pakistan's (REAP) acting Chairman Mohsin Aziz has urged the federal government to fully facilitate the farmers who are one of the most important stakeholders of the rice industry. In a statement issued here on Thursday, he said all the rice exporting countries are facing tough competition and prices are on the declining trend.
Friday, November-21-2014

Special complaint cells set up for sugarcane growers
The Punjab government has established 'Sugarcane purchase monitoring and examining committees' and special complaint cells to facilitate the sugarcane growers during the crushing season 2014-15.
Friday, November-21-2014

Basmati rice: ECC spells out criteria for compensation
The Federal Minister for Finance Senator Mohammad Ishaq Dar Thursday chaired a meeting of the Economic Co-ordination Committee (ECC) here at the Prime Minister''s Secretariat. As the Prime Minister has already approved the proposal, the Ministry of National Food Security and Research moved a summary on his direction to ECC to compensate the farmers of basmati rice at the rate of 5000 per acre subject to the following provisions:
Friday, November-21-2014

Prices drift lower on cotton market
Easier trend persisted on the local cotton market on Wednesday in the process of trading, dealers said. The official spot rate shed further Rs 50 to Rs 4,850, they added. In the ready session, around 20,000 bales of cotton changed hands between Rs 4650-5125, they said. In Sindh, rates were unchanged at Rs 1700 and Rs 2400, in Punjab prices firmly held the overnight levels at Rs 2200 and Rs 2600, they said.
Thursday, November-20-2014

From mid-December to end-January: government may suspend gas supply to textile
The government is likely to suspend gas supply to textile industry from mid-December till end-January 2015 resulting in a huge export loss. According to officials in the Ministry of Petroleum and Ministry of Textile Industry, the government has no option but to suspend gas supply to Punjab based industrial units for at least two months in the winter as gas demand/supply gap on the Sui-Northern Gas Pipelines limited (SNGPL) network will soar to 1.8 billion Cubic Feet per Day (BCFD) by next month.
Thursday, November-20-2014

Government to provide support to Basmati growers: Nawaz
Prime Minister Muhammad Nawaz Sharif on Wednesday said agriculture was the backbone of the country''s economy and the government was taking steps to provide support to this important sector. Chairing a meeting regarding the procurement of basmati rice here at the PM House, the Prime Minister expressed concern over the falling price of the product due to international factors.
Thursday, November-20-2014

Cotton market: prices extend fall after PCGA report
Rates depressed further on the cotton market on Tuesday after the Pakistan Cotton Ginners Association (PCGA) higher-than-expected phutti arrivals figures, dealers said. The official spot rate continued slide, falling by Rs 50 to Rs 4,900, they added.
Wednesday, November-19-2014

Punjab government to develop new crop varieties
The Punjab Government has increased agricultural research allocations up to 200 per cent to develop new crop varieties and agricultural technology to increase agricultural production in the country.
Wednesday, November-19-2014

Agriculture product exports stand low
Pakistan has failed to tap the export potential of agriculture products in the international market in view of lack of access to credit facilities and technological developments, says Sikandar Hayat Khan Bosan, Minister for National Food Security and Research.
Wednesday, November-19-2014

Textile lays claim to bigger share of gas pie
Finance Minister Ishaq Dar here on Tuesday chaired a meeting of Special Committee constituted by the Prime Minister to look into the issue of gas supply to textile units in Punjab.
Wednesday, November-19-2014

Turkish diplomat assures tanners' body of full support
Commercial Attach' of Turkey, Murat Mustu, said on Tuesday that the 6th round of talks for signing Preferential Trade Agreement (PTA) between Pakistan and Turkey had been held successfully.
Wednesday, November-19-2014

THE RUPEE: sharp recovery
A sharp recovery was seen in the value of rupee versus the dollar on the money market on Tuesday, dealers said. The rupee managed to gain 45-paisa versus the dollar for buying and selling at Rs 101.75 and Rs 101.78 respectively, they said.
Wednesday, November-19-2014

Daily trading report of PMEX
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.59 billion as compared to PKR 1.79 billion reported on Monday, an increase of 45 percent.
Wednesday, November-19-2014

Kisan Ittehad calls off protest after meeting chief minister Punjab
A delegation of Kisan Ittehad led by Khalid Khokhar met Punjab Chief Minister Muhammad Shahbaz Sharif here Monday and called off their protest.
Tuesday, November-18-2014

Farmers' Alliance: Wattoo urges early release of leaders
PPP Punjab President Mian Manzoor Ahmed Wattoo has called for immediate release of Farmers' Alliance leaders.
Tuesday, November-18-2014

Paddy, sugarcane, cotton growers: KBP urges government to announce new support prices
Kisan Board Pakistan (KBP) has urged the government to immediately announce new support price for paddy, sugarcane and cotton growers with upward revision in line with increase in the input prices, withdrawal of agricultural income tax and exempting agricultural inputs from the sales tax.
Tuesday, November-18-2014

Riding rising price trend: Body takes the pulse of pulses
The National Price Monitoring Committee on Monday expressed its concern on varying prices of essential commodities in the country especially in Sindh, Balochistan as well as federal capital.
Tuesday, November-18-2014

Cotton market: prices decline amid panic selling by ginners
Prices slid further on the cotton market amid panic selling by ginners, dealers said. The official spot rate extended week-end's fall, dropping by Rs 50 to Rs 4,950, they added.
Tuesday, November-18-2014

Textile industry: PYMA hails exemption from power loadshedding
Pakistan Yarn Merchants Association (PYMA) Central Chairman M Akram Pasha, Vice Chairman Adnan Zahid Butt have hailed the exemption of textile industry from electricity loadshedding and have demanding similar exemption from gas loadshedding.
Tuesday, November-18-2014

Power loom workers protest high power tariff, loadshedding
Workers of power loom sector organised a rally and staged a demonstration on Monday to protest against the high power tariff and long duration of power loadshedding which caused the joblessness of workers.
Tuesday, November-18-2014

Pakistan, Denmark can cooperate in agri sector
Ambassador of Denmark Jesper Moller Sorensen at the International Food Conference organised on Monday said Pakistan and Denmark have more opportunities for cooperation in the field of agriculture and others.
Tuesday, November-18-2014

Death haunts Tharparkar as another 14 infants die
The ongoing spell of drought and accompanied sickness in Tharparkar claimed another 14 lives on Monday, all infants.
Tuesday, November-18-2014

Asian Development Bank unveils interim assistance plan
While the Asian Development Bank is yet to finalise its Country Partnership Strategy (CPS) for Pakistan for 2014-18, it has announced an interim plan for six sectors to which its assistance will continue.
Tuesday, November-18-2014

Saudi group to invest in energy
PRESIDENT and Chief Executive Officer of a Saudi group associated with energy sector Anwar Aleitani called on Chief Minister Shahbaz Sharif here on Monday.
Tuesday, November-18-2014

Economical solution: Sustainable cotton production stressed
Sustainable Cotton Production in Pakistan's Cotton Ginning SMEs (SPRING) Project Coordinator Masood Khan said that there was a dire need to produce better cotton in the country.
Tuesday, November-18-2014

THE RUPEE: rates decline
Easier trend was witnessed on the interbank market on Monday as the rupee fell versus the dollar in the process of trading, dealers said The rupee failed to hold its firmness against the dollar, losing 46-paisa for buying and selling at Rs 102.20 and Rs 102.24 respectively, they said.
Tuesday, November-18-2014

Non-procurement of cotton by TCP: farmers stage demonstration
Hundreds of farmers staged a demonstration in front of District Co-ordination Office (DCO) as a protest against non-procurement of cotton by the Trading Corporation of Pakistan (TCP) and they alleged that ginners are fleecing them and they are purchasing raw cotton (Phutti)at Rs 2400 per maund.
Monday, November-17-2014

Journalists visit WWF's agriculture programme
A group of journalists from the print and electronic media have visited WWF-Pakistan?s Sustainable Agriculture Programme (SAP) in Bahawalpur.
Monday, November-17-2014

Research on bio-saline agriculture in progress
Pakistani scientists are working in the field of bio-saline agriculture to grow wheat, maize, rice and other crops by using seawater. Former minister and President Pakistan Academy of Sciences Prof Dr Atta-ur-Rahman disclosed this while delivering an online lecture titled, 'The Thrilling World of Discovery' at the University of Karachi on Sunday.
Monday, November-17-2014

Commission proposed to advise govt on water issues
In its report a task force has proposed that a national water initiative be launched and a commission set up to advise the federal and provincial governments on vital water issues.
Monday, November-17-2014

Kalabagh Dam to ensure food, energy, water security
Speakers at a seminar say reservoir will end loadshedding, provide water for irrigation.
Monday, November-17-2014

Government urged to ensure minimum wheat price at Rs 1,300/40kg
Small growers of Khyber Pakhtunkhwa, urged the provincial government to ensure minimum wheat price not less than Rs 1,300 per 40 kg to Rs 1,500 per 40 kg, as they said the higher input cost and lower support price will further ruin farmers, working day and night to boost the national economy.
Monday, November-17-2014

SCA asks government to implement fixed rate of sugarcane
Sindh Chamber of Agriculture (SCA) has demanded of the government to implement the sugarcane's fixed rate of Rs 182 per 40 kilogram.
Monday, November-17-2014

THE RUPEE: soft tone
The rupee came under pressure on the open market due to the higher demand for dollar by investors during the week, ended on November 15, 2014.
Monday, November-17-2014

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 4.66 billion as compared to PKR 3.94 billion reported on Thursday, an increase of 18 percent. Number of lots traded was 22,792.
Monday, November-17-2014

Quality corn hybrid seeds termed vital for higher yields
Terming corn a profitable crop for farmers, agricultural experts have advised the farmers to use best quality corn hybrid seeds to increase the production, saying that private sector needs to be encouraged to introduce new seed varieties so that crop's productivity could be enhanced.
Saturday, November-15-2014

Ginners avoid panic selling after dip in New York cotton futures
The ginners refrained from panic selling due to sharp fall in the NY futures, dealers said on the cotton market on Friday.
Saturday, November-15-2014

TCP intervenes in cotton market to help stabilise prices: contracts for 0.3 million bales signed
Intervening in the domestic market to stabilize cotton prices, Trading Corporation of Pakistan (TCP) signed contracts for procurement of 0.3 million bales in a week.
Saturday, November-15-2014

Ginners deprive growers by purchasing Phutti at Rs 2,400 per maund
Central President of Pakistan Kissan Ittehad Khalid Mehmood Khokhar and other members including Qari Yousaf Langarial, Mian Iqbal Arain and Mehr Ashfaq Langarial while addressing a joint press conference here on Friday said that ginners had deprived the growers of six billion rupees by purchasing the "Phutti" at 2,200 to 2,400 rupees per maund.
Saturday, November-15-2014

Textile industry: Dar-led body asked to resolve issue of gas shortages
Prime Minister Nawaz Sharif Friday constituted a committee to resolve textile industry''s issue of gas shortages in Punjab during winter.
Saturday, November-15-2014

THE RUPEE: rates firm
Firmness prevailed on the local currency market on Friday as the rupee improved slightly versus the dollar, dealers said The rupee showed further rise in its value in terms of the dollar, gaining 15-paisa for buying and selling at Rs 102.90 and Rs 102.93 respectively, they said.
Saturday, November-15-2014

Dar notices decline in prices of commodities
Federal Minister for Finance Ishaq Dar Thursday said the economic activities in the country were on track and due to the government''s prudent policies the prices of different commodities have come down reasonably.
Friday, November-14-2014

TCP seals deal for import of 385,000 tons of urea
Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-run grain trader finalised deals for the import of 385,000 tons of urea to avoid its shortage in the domestic market.
Friday, November-14-2014

Sugarcane crushing: delay may cause adverse impact on wheat sowing
The sugar industry has not yet started crushing in violation of the Sugar Factories Control Act 1950, which may lead to reduced sowing of wheat crop.
Friday, November-14-2014

Artificial insemination 'poor utilisation restricting livestock productivity'
Poor utilisation of artificial insemination is restricting livestock productivity, resulting in lower meat and milk per-animal production compared to developed nations.
Friday, November-14-2014

Authorities barred from taking action against sugar millers
The Sindh High Court (SHC) on Thursday restrained the provincial authorities from taking any coercive action against sugar millers for not commencing sugarcane crushing by the deadline set by the provincial government.
Friday, November-14-2014

Dairy sector: interactive session on Pak-Dutch opportunities held
The Embassy of the Kingdom of the Netherlands hosted an interactive session on "Exploring Opportunities in the Dairy Sector: Avenues of Pak-Dutch Co-operation" here on Thursday in collaboration with the Dairy Training Centre and Solve AgriPak.
Friday, November-14-2014

Marginal rate fluctuations seen amid moderate trade
Marginal fluctuations were seen in the rates on the cotton market amid moderate trading, dealers said on Thursday. The official spot rate was unchanged at Rs 5,050, they added.
Friday, November-14-2014

Cotton prices remain under pressure
Ample availability of domestic cotton, poor condition of yarn prices, downturn in global commodity prices including cotton and weakening economic growth in many parts of the world have all bunched together to depress fibre prices.
Friday, November-14-2014

Gas supply to Punjab textile units restored
The government Thursday restored gas supply to the textile units in Punjab by suspending the gas-load management, while connections already closed are also being restored.
Friday, November-14-2014

APTMA secures power, gas supply during winter
Central Chairman APTMA S M Tanveer said on Thursday that successful negotiations of textile industry's representatives with the government have resulted into complete exemption from electricity loadshedding for the textile industry units on independent feeders from November 13, and immediate withdrawal of the gas suspension programme for the textile industry.
Friday, November-14-2014

Federal Secretary visits KCA
Rukhsana Shah, Federal Secretary of Ministry of Textile Industry visited the Karachi Cotton Association (KCA) on Thursday, and met the Executive Committee and prominent members of the Cotton Trade.
Friday, November-14-2014

For the first time, Pakistan to attend India's biggest farm fair
A farmer and industry delegation from Pakistan will attend this year's biennial 'Agro Tech and Business Fair' which is to be organized by the CII in coordination with agriculture and food processing ministries from November 22-25 at Chandigarh.
Friday, November-14-2014

Plan to boost cotton output
The Ministry of Textile Industry is working on a plan to enhance cotton production to 22 million bales by utilising technology, supportive policies and effective research work.
Friday, November-14-2014

THE RUPEE: dollar rises on open market
Strong demand for dollars pushed the rupee down on the open currency market on Thursday, dealers said.
Friday, November-14-2014

Climate Change Centre to help farmers adapt to new challenges
The University of Agriculture Peshawar has recently established the Climate Change Centre to conduct studies and research on climate change and cope with the challenges posed by changing weather patterns.
Thursday, November-13-2014

Farmers flay ministers'black marketing'
The Pakistan Kissan Ittehad on Wednesday accused various ministers and ginners of fleecing the cotton growers, hurling a threat to kick off a protest drive from Lahore on November 17 if the financial loss faced by the farmers were not compensated forthwith.
Thursday, November-13-2014

Meat of dead animals seized in Karol Ghati
Food safety officers of the Punjab Food Department from Wahga Town held a rickshaw in the Karol Ghati area of the provincial metropolis and recovered meat of dead animals from it.
Thursday, November-13-2014

Shahbaz approves pilot project to provide bio-gas tubewell to farmers
Punjab Chief Minister Muhammad Shahbaz Sharif has given approval to the pilot project of providing bio-gas tubewell plants to small farmers on soft terms.
Thursday, November-13-2014

Symposium on Technological and nutritional aspects of dairy products
It is a serious concern that people, across the county hardly find pure milk despite the fact that Pakistan was one of largest milk-producing countries.
Thursday, November-13-2014

Export of surplus sugar allowed, 20 percent RD imposed on import
Economic Co-ordination Committee (ECC) of the Cabinet headed by Finance Minister Ishaq Dar has allowed export of surplus sugar to the tune of 0.5 million tons and imposed a 20 per cent Regulatory Duty (RD) on summary moved by the Ministry of Commerce. Well-informed sources told Business Recorder that Commerce Minister, Engineer Khurram Dastgir supported, albeit reluctantly, the summary under pressure from Ishaq Dar.
Thursday, November-13-2014

KBP slams delay in sugarcane crushing season
Kisan Board Pakistan (KBP) Secretary General Malik Muhammad Ramzan Rohari while strongly criticising delay in sugarcane crushing season by sugar millers has termed it as a well thought-out plan to loot the sugarcane growers.
Thursday, November-13-2014

Improving yield: farmers advised to cultivate winter vegetable on time
To improve yield, farmers have been advised to cultivate winter vegetables on time to utilise the existing soil moisture fully.
Thursday, November-13-2014

APTMA chief to meet Federal Minister today
Central Chairman APTMA S M Tanveer is taking a high-profile delegation representing entire textile value chain to Islamabad for meeting with Federal Minister for Textile Industry Abbas Khan Afridi and other concerned ministries on Thursday (today).
Thursday, November-13-2014

Balloki Barrage & LBDC: Rehabilitation, upgradation to be completed by March 2015
Asian Development Bank (ADB) funded $218 million project for the rehabilitation and up-gradation of 100 years old Balloki Barrage as well as Lower Bari Doab Canal (LBDC) would be completed by March 2015.
Thursday, November-13-2014

Rates snap fall after TCP's operations on cotton market
The official spot rate picked up amid sizeable activity on the cotton market on Wednesday, dealers said.
Thursday, November-13-2014

Textile bodies reject four-month long gas closure plan
Textile associations have rejected the four months long gas closure plan and urged the government to immediately reverse this gas supply cut decision.
Thursday, November-13-2014

Indonesia's palm oil output growth to slow after drought
Indonesian output of palm oil will grow by just over 3 percent in 2015, less than half the 7 percent growth rate this year, a leading industry association said on Tuesday, after prolonged drought in the main growing region of Sumatra.
Thursday, November-13-2014

THE RUPEE: all-round decline
The rupee slid against the dollar and euro on the currency market on Wednesday in the process of trading, dealers said.
Thursday, November-13-2014

NFML for import of urea, DAP on USC pattern
National Fertilizer Corporation Limited (NFML), a subsidiary of the Ministry of Industries and Production (MoI&P), on Tuesday urged the government to allow import of urea and DAP fertilizer directly on the same pattern as of Utility Stores Corporation (USC) which has been allowed to procure sugar from sugar mills.
Wednesday, November-12-2014

Sugar: government likely to allow export, impose 25 percent RD on import
The government is likely to allow the export of 0.5 million tons of sugar and impose a 25 percent Regulatory Duty (RD) on import aimed at helping out sugar industry purportedly facing a financial crisis, well informed sources in Commerce Ministry told Business Recorder.
Wednesday, November-12-2014

Cotton market: rates improve slightly amid moderate trading
Prices improved marginally in the process of moderate trading on the cotton market on Tuesday, dealers said.
Wednesday, November-12-2014

Cotton trade expo: FPCCI team leaves for China
A five-member delegation led by Vice President, Pakistan Federation of Chambers of Commerce and Industry (FPCCI), Mian Mahmood Ahmed has left for China to attend trade, industrial and ginning machinery exhibition.
Wednesday, November-12-2014

Aptma chief foresees closure of textile industry
Central Chairman Aptma S M Tanveer has said that the industry would face complete closure in case the SNGPL fails to ensure regular gas supply to the production units during winter.
Wednesday, November-12-2014

Australia to impose 5pc duty on Pakistani textile: envoy
Australian High Commissioner to Pakistan Peter Heyward while addressing the fourth annual dinner of the Pakistan Australia Business Forum (PABF) said that his government would facilitate Pakistan by revising down its tariff regime greatly on the import of Pakistani textiles beginning next year.
Wednesday, November-12-2014

Shahbaz approves pilot project to provide bio-gas tubewell to farmers
Punjab Chief Minister Muhammad Shahbaz Sharif has given approval to the pilot project of providing bio-gas tubewell plants to small farmers on soft terms.
Wednesday, November-12-2014

PPP slams govt for ignoring agri sector
Pakistan People?s Party (PPP) on Tuesday strongly criticised the federal government for ignoring agriculture sector by not purchasing rice and cotton at suitable rates.
Wednesday, November-12-2014

Sugar industry: study finds massive underreporting of output
The Federal Board of Revenue (FBR) should collect approximately Rs 14.8 billion income tax per annum from sugar industry, keeping in view its 34 percent rate and total profit of the sugar sector which comes to be around Rs 43.5 billion.
Tuesday, November-11-2014

20 percent RD on wheat import notified
In exercise of the powers conferred under sub-section (3) of section 18 of the Customs Act, 1969 (IV of 1969), the federal government announces to levy during the current financial year a regulatory duty at the rate of 20 percent ad valorem on the import of wheat, falling under Pakistan Customs Tariff Headings 1001.1900 and 1001.99000 of the First Schedule to the said Act.
Tuesday, November-11-2014

DTRE approvals suspended: kinnow exporters approach FBR against MCC move
Exporters have approached the Federal Board of Revenue (FBR) against the Collector Model Customs Collectorate (MCC) Faisalabad for suspending all the Duty and Tax Remission for Export (DTRE) scheme approvals granted to exporters of kinnow for the upcoming peak season of exports.
Tuesday, November-11-2014

Ittefaq Foundries: Supreme Court reserves its judgement
The Supreme Court on Monday reserved its judgement against a Lahore High Court (LHC) verdict that had released guarantor of defaulter (Ittefaq Foundries) in a Rs 1.06 billion loan case.
Tuesday, November-11-2014

Cotton market: tug-of-war between mills, ginners over rates begins
Business activity came down as tug-of-war between mills and ginners over the rates started on the cotton market on Monday, dealers said.
Tuesday, November-11-2014

TCP clarification
Apropos a news item carried by Business Recorder on 10.11.2014 under caption "TCP fails to procure cotton on support price", TCP would like to clarify that TCP has already signed purchase contracts for purchase of 71,400 cotton bales as on 09.11.2014.
Tuesday, November-11-2014

International Textile announces partnership with SAP
Pakistan-based International Textile Ltd has announced a partnership with SAP to bring technology-driven success across its international textile manufacturing.
Tuesday, November-11-2014

PYMA expresses concern over yarn imports from India
Pakistan Yarn Merchants Association (PYMA) Zonal Chairman M Akram Pasha, Central Chairman Qaisar Shamas Guccha and Zonal Vice-Chairman Adnan Zahid Butt have expressed grave concern over large scale imports of cotton yarn from India and have demanded enhancing regulatory duty to 10 percent and restricting of yarn imports.
Tuesday, November-11-2014

Bedwear export plummets by 20 percent in dollar term
Bedwear export has plummeted by 20 per cent in dollar term while 26 per cent decline depicted in quantity, despite having GSP Plus status; observed by Federal Bureau of Statistics (FBS) in its latest statistics for September, 2014.
Tuesday, November-11-2014

As winter approaches: FAO, government to vaccinate 348,000 livestock for IDPs
Sanitary conditions of livestock belonging to displaced families of North Waziristan a concern for authorities as the UN Food and Agriculture Organisation (FAO) and the Livestock and Dairy Development Directorates General for KP and FATA announced on Monday they would vaccinate 174,000 small and 174,000 large ruminants for the families displaced and their host communities.
Tuesday, November-11-2014

THE RUPEE: dollar falls
The rupee strengthened against the dollar due to falling demand for the greenback on the local currency market on Monday, dealers said.
Tuesday, November-11-2014

TCP fails to procure cotton on support price
Trading Corporation of Pakistan (TCP) could not start the procurement of cotton on support price announced by the Economic Co-ordination Committee to bring stability in cotton prices.
Monday, November-10-2014

Bridging the gap: SAARC countries to adopt uniform agricultural standards
South Asian Association for Regional Cooperation (Saarc) countries have decided to adopt uniform agriculture standards in the region to improve farm output through the Good Agriculture Practice (GAP).
Monday, November-10-2014

Right time to fix cotton price
While the cotton-picking season is not far from its end in Sindh, the Trading Corporation of Pakistan has yet to lift lint cotton from ginning factories.
Monday, November-10-2014

THE RUPEE: sharp recovery
A handsome recovery was witnessed on the currency market as the rupee posted fresh gains against the dollar amid shortened week, ended on 8 November 2014.
Monday, November-10-2014

Taxing agriculture sector: TRC urged to introduce more innovative ways
The Lahore Chamber of Commerce and Industry while stressing the need for initiating debate on taxation on agriculture sector has urged the Tax Reforms Commission (TRC) to introduce innovative ways to tax this potential sector either through land revenue or agriculture produce, together with enhancement of capability of revenue collection authorities.
Saturday, November-08-2014

National Assembly body meeting: government resists move to increase wheat support price
Criticising anti-farmer policies of the government, Pakistan Muslim League (PLM-N) MNA Muhammad Raza Hayat Hiraj said on Friday that the lack of the government interest to protect their interests was paving way for civil disobedience.
Saturday, November-08-2014

Cattle trade with Netherlands resumes after 11 years
Cattle trade between the Netherlands and Pakistan has resumed after 11 years, as the import restrictions have been lifted and a protocol has been agreed, finally allowing trade to resume
Saturday, November-08-2014

Fresh milk price: SHC seeks report from commissioner
The Sindh High Court (SHC) on Friday directed the Commissioner of Karachi to submit a report outlining action taken against milk sellers for selling adulterated and unhygienic milk at higher price.
Saturday, November-08-2014

Cotton market: panic selling by ginners as rates slide continues
The ginners got panic due to continued fall in prices, indulged in selling at the present levels in a bid to keep themselves away from losses, dealers said on the cotton market on Friday.
Saturday, November-08-2014

Ownership, utilisation: Ministries lock horns over EDF
Ministries of Commerce and Textile Industry have reportedly locked horns over the ownership and utilisation of billions of rupees in the Export Development Fund (EDF) which is presently under the control of Finance Ministry, well informed sources told Business Recorder.
Saturday, November-08-2014

US officials visit APTMA
Economic Officers of the US Consulate Karachi Aaron Tennessee Carlton and Rahmat Jalil visited APTMA House Karachi on November 7, and held meeting with APTMA members to discuss trade relations between the two countries and other matters of mutual interest.
Saturday, November-08-2014

PTA urges government to reduce power tariffs
Chairman of Pakistan Tanners Association (PTA) Sindh Zone, Hamid A. Zahur, has urged the government to proportionately pass on the benefits of declining oil prices in the international market to consumers.
Saturday, November-08-2014

THE RUPEE: all-round gains
The rupee managed to extend its overnight gains against the dollar on the local currency market on Friday, dealers said.
Saturday, November-08-2014

Legislative body stops increase in wheat support price
The legislative body of Lower House on Friday could not approve increase in minimum guaranteed wheat price from Rs 1,300 per 40 kilogrammes (kg), as federal government has already approved it to Rs 1,500 per 40 kg.
Saturday, November-08-2014

Call to include technologists for planning in power sector
THE leadership of the Institution of Electrical & Electronics Engineers Pakistan has demanded the government to include technologists in technical ministries for ensuring logical and strategic planning, especially for the power sector.
Saturday, November-08-2014

Position paper 'Rainwater Harvesting in Arid Areas' launched
Friend of Indus Forum (FIF) in collaboration with Climate Change Adaptation Project (CCAP) of World Wide Fund for Nature-Pakistan launched position paper titled ?Rainwater Harvesting in Arid Areas' at a local hotel in Karachi.
Saturday, November-08-2014

Monthly Agromet Bulletin - October 2014
National Agromet Centre (NAMC) include management of the agro-meteoro logical station network, data processing and its publication, weather-based crop yield and production estimates for central planning and food production strategies for Agrometeorological advisory, research, etc.
Saturday, November-08-2014

Import of wheat: Commerce ministry opposes imposition of 20 percent RD
Ministry of Commerce has reportedly opposed the imposition of 20 per cent Regulatory Duty (RD) on the import of wheat, arguing that it would increase the price in the domestic market making flour expensive for the consumers.
Friday, November-07-2014

Via Wagah to Afghanistan: government urged to stop India from exporting wheat
Pakistan Flour Mills Association (PFMA) Central Committee Chairman Asim Raza Ahmad has urged the federal government not to permit India sending wheat to Afghanistan through Wagha Border.
Friday, November-07-2014

Farmers advised to sow wheat before 20th to get maximum yield
With a view to get maximum yield, farmers should start timely sowing of wheat before November 20.
Friday, November-07-2014

Collective loan: LHC asks Ittefaq Group to make payment of Rs 3.5 billion mark-up
The Lahore High Court here on Thursday directed the Ittefaq Group of the Sharif family to pay a mark-up of Rs 3.5 billion against a collective loan obtained from a consortium of banks.
Friday, November-07-2014

Spot rate slumps on easy supply position
Softness prevailed on the cotton market on Thursday as spot rate came down on comfortable supply of seed cotton, dealers said.
Friday, November-07-2014

Record seed cotton arrivals depress cotton prices
During the outgoing fortnight (October 15 to 1 November 2014) a record arrivals of seed cotton (Kapas/Phutti) calculated at 3,038,035 lint equivalent bales was received by the ginners from the current season (August 2014 / July 2015) which promises to increase the size of the standing crop.
Friday, November-07-2014

THE RUPEE: handsome recovery
Handsome recovery was again witnessed on the currency market on Thursday as the rupee posted fresh gains against the dollar in the process of trading, dealers said.
Friday, November-07-2014

Pak-South Korea relations: Call for cooperation in energy, infrastructure development
Diplomats and academics at a seminar on Thursday called for tapping the potential in Pak-South Korean cooperation on energy, infrastructure and trade in goods and services.
Friday, November-07-2014

Despite end of term, PARC chairman sticks to the post
The Prime Minister Secretariat, while expressing its annoyance, has asked how the chairman of Pakistan Agricultural Research Council (Parc), Dr Iftikhar Ahmed, is keeping the post despite the end of his term and has sought an explanation from the Ministry of National Food Security and Research.
Friday, November-07-2014

Rice millers, growers express concern on low paddy price
Rice millers asked Ministry for Food Security and Research ((MFS&R) to intervene in the market to stabilise low price of paddy.
Friday, November-07-2014

Surplus sugar expected during current season: API
Surplus sugar production is expected this year to tackle with the domestic requirements as well as for export whereas about 1.2 million tons of carry forward stocks of last year will also be available for local consumption.
Friday, November-07-2014

Prices of essential items to reduce: provincial minister
Due to the implementation on the eight to ten percent reduction in transport fares, not only fares in transportation of goods will reduce but the prices of essential items will also decrease considerably, said Punjab Minister for Food Bilal Yasin while presiding over a meeting at committee room of Civil Secretariat on Thursday.
Friday, November-07-2014

Urea import: TCP refuses to reduce minimum quantity of tenders
The Trading Corporation of Pakistan (TCP) has refused to reduce the quantity of urea tenders, as the federal government has asked for immediate import of commodity.
Thursday, November-06-2014

Government imposes 20 percent import duty on wheat
Government has imposed a 20 percent import duty on wheat to prop up domestic producers, the finance ministry said on Wednesday. "The 20 percent regulatory duty has been imposed to promote local crops.
Thursday, November-06-2014

Wheat production fixed at 19.5 million tons
The Punjab government has fixed the production target at 19.5 million ton for year 2015 and agriculture experts have advised growers only use approved, recommended seed varieties and fertilisers for maximum wheat production.
Thursday, November-06-2014

Daily trading report of PMEX
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 3.814 billion.
Thursday, November-06-2014

Cotton market: lacklustre trading on post-holiday session
Trading activity came down on the cotton market on Wednesday amid post-holiday session, dealers said. The official spot rate was unchanged at Rs 5,150, they added.
Thursday, November-06-2014

Textile exporters for ending 2 percent sales tax regime
Exporters have complained of 'inordinate' delays in sales tax refund by the tax office, saying that the Textile Ministry failed to honour its pledge to clear the refund claims of textile sector.
Thursday, November-06-2014

Textile exports to EU register 19 percent increase
Textile exports of the country registered a nominal increase of only one percent in the current calendar year and netted $9.1 billion as compared to $9 billion during the same period of last year, it is learnt.
Thursday, November-06-2014

THE RUPEE: all-round gains
Modest recovery was seen in the value of the rupee against the dollar on the currency market on Wednesday, dealers said.
Thursday, November-06-2014

Duty To Protect
PM Nawaz Sharif on Sunday announced that there would be an increase in the support price of wheat to Rs 1300 per 40 kg as well as an imposition of a 20 percent regulatory duty on its import and a decrease in petroleum products? prices, particularly of diesel, which would accrue huge dividends to farmers.
Thursday, November-06-2014

Government wheat support price mere peanuts: Growers' bodies demand more increase
Terming the increase in the wheat support price by the government as insufficient, different growers' organisations have called for to make at least Rs 1,500 per maund enabling farmers to meet their input cost and earn "some reasonable profit" to meet their both ends.
Tuesday, November-04-2014

Starvation to stave off
THAR has been in the limelight since early this year, but for all the wrong reasons. Its people, mostly the underprivileged communities of the Meghwars, Bheels and Kohlis, are enduring harsh conditions that are prompting large-scale migration in search of access to food and fodder for their livestock.
Tuesday, November-04-2014

Growers will take part in JI annual meeting: KBP
Kisan Board Pakistan (KBP) has claimed that hundreds of thousands of growers from across the country will be participating in annual meeting of Jamaat-i-Islami Pakistan (JI) scheduled to be held at Lahore in December 2014.
Tuesday, November-04-2014

Import of low quality wheat by millers: Sindh minister urges Centre to take immediate notice
Sindh Minister for Food and Health Jam Mehtab Hussain Dahar has urged the federal government to take immediate notice of import of low quality wheat from Russia and Ukraine by flour millers.
Tuesday, November-04-2014

Power l oadshedding: Punjab-based textile industry loses 40 percent of production capacity
The Punjab-based textile industry has lost 40 percent of production capacity after being exposed fast to unbearable electricity load shedding since 2011.
Tuesday, November-04-2014

Tractor sales soar
Overall tractor sales remained brisk during the first quarter of current fiscal year rising to 9,363 units from 5,059 units in same period last year.
Saturday, November-01-2014

FAO foresees minimal damage to paddy crop
The Food and Agriculture Organisation (FAO) of the United Nations says overall damage to this year's paddy crop is expected to be minimal despite some 'severe localised losses'.
Saturday, November-01-2014

Elahi accuses Punjab government of destroying agriculture sector
Pakistan Muslim League-Q's senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi has said that Shahbaz Sharif government had destroyed agriculture and ruined the farmers through its anti-farmers policies.
Saturday, November-01-2014

Prices of essential commodities fall, albeit slightly
The prices of the essential commodities especially vegetables and other perishable items have registered a slight decrease, a survey conducted by Business Recorder revealed.
Saturday, November-01-2014

Morinaga Milk Industry chief visits Pakistan
ICI Pakistan and NutriCo Pakistan Pvt Ltd hosted a delegation from Japan led by Akira Ohno, Chairman of Japan's Morinaga Milk Industry Co Limited. During the visit, Ohno accompanied by Messrs Sohail Tabba, Chairman, ICI Pakistan, Asif Jooma, CE, ICI Pakistan and Manzoor Ahmed, Chairman, NutriCo Pakistan and held meetings with President Mamnoon Hussain and the Prime Minister, Mian Nawaz Sharif, during which the visitors apprised the President and Prime Minister on Morinaga's interest in evaluating investment opportunities in Pakistan, including the setting up of a joint manufacturing facility for Morinaga infant nutrition products in the country.
Saturday, November-01-2014

ASLP delegates hold talks with UAF vice chancellor
"Third phase of Australian-Pakistan Agricultural Sector Linkage Programme (ASLP) will strengthen agricultural and dairy sector and to ensure food security in the county."
Saturday, November-01-2014

Cyclone Nilofar weakening: fishing activities may resume after Muharram holidays
Boats may stay anchored till next mid-week though the Met office on Friday advised the fishermen to resume operation from next Sunday as cyclone Nilofar will further lose its intensity in the next 24 hours.
Saturday, November-01-2014

Cotton market: good business spurs hopes for rate rise
Mills and spinners continued buying on expectations of increase in prices in times to come, dealers said on the cotton market on Friday.
Saturday, November-01-2014

THE RUPEE: rates firm
Firmness prevailed on the local currency market on Friday as the rupee improved slightly versus the dollar, dealers said The rupee showed further rise in its value in terms of the dollar, gaining 15-paisa for buying and selling at Rs 102.90 and Rs 102.93 respectively, they said.
Saturday, November-01-2014


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