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World Agriculture News

July 2014

News Archive

Extension in deadline: sugar export posts 328.67 percent growth in June
Following the extension in deadline for export of Sugar by the Economic Co-ordination Committee of the Cabinet (ECC), sugar export in June 2013 witnessed a growth of 328.67 percent to 67,970 metric tons or $31 million against the export of 15, 856 metric tons or $7 million in May 2014.
Saturday, July-26-2014

Agriculture Helpline holidays
Agriculture Helpline, a free of cost telephonic guidance service being run by the Punjab Agriculture Department (PAD) for growers, will remain closed from July 29 to August 3, on account of holidays of Eid-ul-Fitr.
Saturday, July-26-2014

Wheat bags: NAB arrests food inspector, in-charge PRC
In an inquiry against officers of the Food Department Sukkur, Flour Mills owners Sukkur region and others, Adnan Ahmed Magsi s/o Siraj Ahmed Magsi, Food Inspector In-charge PRC Majeed Keerio, Shaheed Benazirabad Food Department were arrested by NAB Sindh.
Saturday, July-26-2014

Potato import from India allowed till November 15
The Economic Co-ordination Committee (ECC) of the Cabinet chaired by the Finance Minister Ishaq Dar has reportedly allowed extension in duty-free import of potato from India till November 15 instead of 31 December 2014 as requested by Ministry of National Food Security and Research (MNFSR).
Saturday, July-26-2014

Sahiwal Cattle Breed Commemorative postage stamp approved
Prime Minister of Pakistan Nawaz Sharif approved the summary of the commemorative postage stamp on successful completion of 100 years for conservation of Sahiwal Cattle breed.
Saturday, July-26-2014

Prices stable amid modest trade on cotton market
Firmness prevailed on the cotton market on Friday in the process of modest trading, dealers said. The official spot rate held the overnight level at Rs 5800, they added.
Saturday, July-26-2014

Government urged to help protect cotton sector
steps to restrict establishment of sugar mills in cotton belt, impose ban on the cultivation of sugarcane in cotton zone.
Saturday, July-26-2014

Punjab textile industry hopes energy issue to be resolved after Eid
The Punjab-based textile industry is looking hopefully towards the government for resolution of energy supply issue soon after Eid.
Saturday, July-26-2014

THE RUPEE: all-round fall
A downward trend was seen on the money market on Friday as the rupee drifted lower against the dollar and euro, dealers said.
Saturday, July-26-2014

Pakistan, France to promote bilateral trade in agriculture sector
Pakistan and France Thursday agreed to explore possibilities for collaboration and strengthen bilateral trade in agriculture sector.
Friday, July-25-2014

Rice export decreased by 8.44 percent in June
Pakistan's rice exports during June-2014 registered a decrease of 8.44 per cent as compared to May-2014.
Friday, July-25-2014

Monsoon rains likely to boost major Kharif crop production
The current monsoon rains are likely to boost major Kharif crop production including sugarcane and cotton.
Friday, July-25-2014

Reko Diq project: Balochistan government accused of trying to award contract to blacklisted company
Balochistan government led by a nationalist party has been accused of trying to award Reko Diq goldmine exploration project to a blacklisted company which is now said to be operating under a different name.
Friday, July-25-2014

Poultry contributes 40 percent of total meat consumption
Raza Mehmood Khursand, Chairman Pakistan Poultry Association, has said the poultry sector is one of the most organised branches of the agro-based sector of Pakistan.
Friday, July-25-2014

Exporters still disappointed: record fisheries worth $367.472 million exported in fiscal year 2014
Pakistan's fisheries export posted a $49.82 million increase hitting historic high of $367.472 million in the outgoing fiscal year 2013-14, but exporters see the growth as 'unsubstantial' to underpin the economy.
Friday, July-25-2014

Lean business on cotton market ahead of Eid holidays
Cotton market faces prolonged closure beginning this weekend extending practically to the beginning of August 2014 due to the Eid-ul-Fitr holidays notified by the government from the 29th of July to the 1st of August 2014.
Friday, July-25-2014

Moderate trading
Moderate trading was seen on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 5800, they said.
Friday, July-25-2014

THE RUPEE: slight changes
Minor changes were seen in the value of the rupee versus the dollar on the money market on Thursday, dealers said.
Friday, July-25-2014

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.436 billion.
Friday, July-25-2014

60,000 metric tons PASSCO wheat provided for IDPs
The government has made solid measures to facilitate Internally Displaced Persons (IDPs) of North Waziristan Agency with Pakistan Agriculture Storage and Services Corporation Limited (PASSCO) providing 60,000 metric ton of wheat for catering food security of the displaced populace.
Thursday, July-24-2014

Irrigation water shortage: Months-long farmers' protest finally brings CM to Badin
The two-month long sporadic protests and long marches of the farmers, belonging to the tail reaches of the Kotri barrage's irrigation network, finally drew Sindh chief minister (CM) Qaim Ali Shah to their hometowns.
Thursday, July-24-2014

Call for subsidy revival: PKI to boycott payment of electricity bills
While addressing a press conference here on Wednesday, central president of Pakistan Kisan Ittehad (PKI) Rao Tariq Ashfaq said PKI has decided to boycott payments of the electricity bills until the revival of the withdrawn subsidy on power tariff to farmers.
Thursday, July-24-2014

Kenya's decision of increasing import duty affects rice industry
Rice industry has suffered huge losses in the wake of doubling of import duty on all varieties of rice by Kenya.
Thursday, July-24-2014

Cotton sown over 5.67 million acres of land in Punjab
Cotton crop has been sown over 5.67 million acres of land in Punjab that is 0.33 million acres less than the target to produce 10.5 million cotton bales.
Thursday, July-24-2014

Cotton market: lower rates propel mills into making new deals
Continued fall in rates, propelled mills to make more deals ahead of Eid-ul-Fitr holidays, dealers said on the cotton market on Wednesday.
Thursday, July-24-2014

Textile group's exports surge by 5.3 percent in fiscal year 2014
Exports of textile group surged by 5.30 percent to $13.738 billion during July-June 2013-14 against $13.047 billion a year ago, data of Pakistan Bureau of Statistics showed.
Thursday, July-24-2014

Energy crisis: textile ministry calls for convening cabinet body meeting
Finance Minister Ishaq Dar has turned a deaf ear to the repeated request of textile ministry to convene a meeting of the cabinet committee on energy to seek a solution to their major problem, it is learnt.
Thursday, July-24-2014

Second Made in Pakistan expo to be held in Mumbai from August 31
Over 80 top companies and brand names have so far registered themselves to represent Pakistan in the 2nd Made in Pakistan Exhibition being held in Mumbai (India) from August 31, to September 05, 2014.
Thursday, July-24-2014

THE RUPEE: mixed patterns
The rupee depicted a mixed trend against the dollar on the money market on Wednesday in the process of trading, dealers said.
Thursday, July-24-2014

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.542 billion as compared to PKR 1.783 billion registered on Wednesday, up 42.57 percent.
Thursday, July-24-2014

Kharif crops: MO advises farmers to complete sowing on time
Growers should complete sowing of Kharif season crops, especially the maize on time with a view to utilise the existing soil moisture in the rain-fed upper parts of the country.
Wednesday, July-23-2014

Ensuring seed companies' royalty: 'lack of legal protection kept GMO firms away from Pakistan market'
No legal protection to ensure seed companies' royalty kept Genetically-Modified Organisms (GMOs) companies away from the Pakistani market, sources revealed.
Wednesday, July-23-2014

KP launches Rs 7 billion package to provide subsidised flour, ghee to poor
Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that the PTI-led coalition government is fulfilling its commitments made with the people during the election campaign.
Wednesday, July-23-2014

APTMA urges government to ensure regular energy supply after Ramazan
Chairman APTMA Punjab S M Tanveer has urged the government to ensure uninterrupted energy supply to the Punjab based textile industry after Ramazan.
Wednesday, July-23-2014

Cotton market: rates drop amid improved supply
Prices continued slide on the cotton market on Tuesday as mills and spinners kept on the sideline because supply position improved ahead of Eid holidays, dealers said.
Wednesday, July-23-2014

THE RUPEE: little changes
The rupee moved in a narrow band against the dollar on local currency market on Tuesday in the process of trading, dealers said. The rupee shed two-paisa versus the dollar for buying and selling at Rs 98.84 and Rs 98.86, they said.
Wednesday, July-23-2014

Daily trading report of PMEX
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1,783 million.
Wednesday, July-23-2014

Balochistan accuses Sindh of stealing its share of water
Balochistan has accused Sindh of stealing its share of water from Rabi season but Indus Water System Authority (Irsa) galvanised into action only after the crisis deepened, well informed sources told Business Recorder.
Tuesday, July-22-2014

Climatic condition may affect sugar production
Sugar production might face a crisis next year due to adverse weather conditions.
Tuesday, July-22-2014

Punjab government adopts policy of horticulture promotion: Shahbaz
Punjab Chief Minister Shahbaz Sharif has said that the Punjab government has adopted the policy of promotion of horticulture in the province, including Lahore, and beauty and attraction of newly-executed infrastructure projects has been enhanced through horticulture.
Tuesday, July-22-2014

Chicken meat, eggs: directives to announce subsidised rates prominently
Chief Minister's Special Assistant on Livestock Chaudhry Muhammad Arshad Jutt has directed the high-ups of the livestock department to display banners and also make announcement on loudspeakers in all Ramazan bazaars about availability of chicken meat and eggs on subsidised rates.
Tuesday, July-22-2014

Cotton market: prices fall on slack buying
Rates fall on the cotton market on Monday as leading buyers kept on the sidelines because they have already bought to meet their urgent needs, dealers said.
Tuesday, July-22-2014

Cotton growers likely to achieve 10.5 million bales' target
Growers in Punjab have brought 5.61 million acres of land under cotton sowing this year out of which it is expected to achieve the target of 10.5 million bales.
Tuesday, July-22-2014

THE RUPEE: all-round gains
The rupee made some gains against the dollar on the money market on Monday in the process of trading, dealers said.
Tuesday, July-22-2014

$35m loan for improving livestock in four Punjab districts
The livelihood of over 1.25 million underprivileged households in four rural districts of Punjab will be improved by increasing the production and productivity of livestock under a project, to be funded by the International Fund for Agricultural Development (IFAD).
Monday, July-21-2014

Steps being taken to promote agri sector
Provincial Minister for Agriculture Dr Farrukh Javed said the Punjab government was taking revolutionary steps to promote the agriculture sector.
Monday, July-21-2014

Structural flaws weigh on prices
Every year, just before and during the holy month of Ramazan, the prices of pulses, fruits and vegetables increase.
Monday, July-21-2014

Punjab-based textile industry: problems relating to energy will decrease after Eid: Afridi
Federal Textile Minister Abbas Khan Afridi has said that the energy-relating problems of Punjab-based textile industry would be reduced after Eid.
Monday, July-21-2014

THE RUPEE: sharp fall resisted
The rupee, somehow, managed to resist sharp decline against the dollar on the money market during the week ended on July 19.
Monday, July-21-2014

ECC extends sugar export deadline by four months
The Economic Co-ordination Committee (ECC) of the Cabinet has extended the deadline for the export of sugar by four months.
Saturday, July-19-2014

Sindh government decides to constitute Sugar Board
Sindh government has decided to constitute Sindh Sugar Board to increase sugar cane production and development of the related industry in the province.
Saturday, July-19-2014

Vegetable, fruit sellers continue to fleece people
Vegetable and fruit sellers continue to fleece people by charging exorbitant rates despite surprise raids being conducted by Commissioner Karachi and deputy commissioners to check whether vegetables, fruits and other food items were being sold in accordance with officially fixed prices.
Saturday, July-19-2014

Cotton market: cautious buying by mills and exporters
Cautious buying by mills and exporters was seen on the cotton market on Friday as ginners keen to raise prices, dealers said. The official spot rate was unchanged at Rs 6,100, they added.
Saturday, July-19-2014

Cotton sowing target missed
The country has missed the cotton sowing target by six percent in the current crop season for 2014-15, as a result Pakistan would miss the production target set at 15.1 million bales.
Saturday, July-19-2014

Textile exports 3.9 percent increase quite encouraging: Aptma chief
Increase in textile exports by 3.9 percent is encouraging but the decrease in textile exports other than European Union is something which could have been avoided and the government has to address the issues which resulted in the decline.
Saturday, July-19-2014

THE RUPEE: bears dominate
Bears dominated the money market on Friday as the rupee tended lower against the dollar in the process of trading, dealers said.
Saturday, July-19-2014

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 3.919 billion as compared to PKR 3.338 billion registered on Thursday, up 17.41 percent.
Saturday, July-19-2014

Indus, Chenab, Kabul & Jhelum rivers in low flood
All the four live rivers of the country ie Indus, Chenab, Kabul and Jhelum are in low flood after the first spell of monsoon rains, Flood Forecasting Centre told Business Recorder here on Thursday.
Friday, July-18-2014

FAO supporting IDPs to meet livestock needs
Food and Agriculture Organization (FAO) of the UN is providing support to the Internally Displaced Persons (IDPs) of North Waziristan and also helping them in catering needs of livestock they had brought with them.
Friday, July-18-2014

Prices of wheat flour, other items: hearing adjourned to August 20
The Supreme Court on Thursday adjourned till August 20 the hearing of a plea of Jamaat-i-Islami leader Liaquat Baloch over the availability of wheat flour and other foodstuffs to public at affordable prices.
Friday, July-18-2014

ECC allows additional import of potato from India
The Economic Co-ordination Committee (ECC) of the Cabinet has allowed duty-free import of an additional 100,000 tons of potato from India and extended the import date for another four months to bring down prices.
Friday, July-18-2014

Iron ore exploration project: Punjab government, German companies sign accord
An agreement was signed between the Punjab government and a consortium of German companies under which the consortium will ensure a high standard of work on the project of iron ore exploration at Chiniot-Rajwa.
Friday, July-18-2014

Baba & Bhit islands sans basic amenities : PPP government urged to honour its commitments
Fishermen of the tiny islands of Keamari on Thursday demanded of PPP-led Sindh government to implement the financial package which the former premier late Benazir Bhutto had pledged two decades ago.
Friday, July-18-2014

Prices continue upward march
Prices continued upward march on the cotton market on Thursday as ginners were not interested in selling the commodity on the lower rate, dealers said.
Friday, July-18-2014

Scientists discuss cotton seed production plan for 2015
Agriculture scientists and seed industry representatives assembled here on Thursday to discuss Cotton Seed Production Plan 2015 to prepare recommendation for production of healthy and good quality cotton seed.
Friday, July-18-2014

Pre-Eid buying increases cotton prices
With less than two weeks to go before the incoming Eid-ul-Fitr holidays to commence at the end of this month, lint prices have increased due to several mills wanting to build up their inventories before the arrival of extended holidays.
Friday, July-18-2014

New gas discoveries: fertilizer industry seeks allocations
Finance Minister Ishaq Dar met with a delegation led by Arif Habib CEO of Fatima Fertilisers at the Finance Ministry, here on Wednesday and discussed issues related to the fertiliser industry in Pakistan.
Thursday, July-17-2014

Wheat import registers increase in last 11 months
Country's wheat imports went up by 367,872 metric tons to 377, 402 metric tons in the last 11 month of financial year 2013-14, according to a report of Pakistan Bureau of Statistic.
Thursday, July-17-2014

Moong, Mash lentils crop: growers advised to complete sowing by month-end
Punjab Agriculture Department (PAD) advised the growers from Barani areas to complete sowing of Moong or Mash lentils crop by the end of the current month.
Thursday, July-17-2014

Gemstone industry struggles amid violence, unrest
For 400 years the craftsmen and traders of Peshawar's jewellery bazaar have cut, polished, set and haggled over precious gems dug from the rugged mountains of north-west.
Thursday, July-17-2014

Cotton market: prices up on mills' strong demand
Strong mills' demand pushed rates higher on the cotton market on Wednesday in the process of trading, dealers said. The official spot rate was higher by Rs 50 t0 Rs 6,050, they added.
Thursday, July-17-2014

Government to reoperate closed textile units: minister
Minister for Commerce Engineer Khuram Dastagir Khan on Wednesday reiterated government's commitment to re-operate the closed textiles units in order to enhance its annual exports to US one billion dollars and create 100,000 news jobs for the people in the country.
Thursday, July-17-2014

PHMA (NZ) expresses concern over power crisis
Pakistan Hosiery Manufacturers and Exporters Association (North Zone) PHMA (NZ) has expressed concern over worst-ever electricity crisis in Punjab and threatened that value-added textile sector will be closed immediately after Ramazan and Eid-ul-Fitr if it was not exempted from the load shedding of electricity.
Thursday, July-17-2014

THE RUPEE: firm trend
The rupee almost held the overnight levels in relation to the dollar on the money market on Wednesday, dealers said.
Thursday, July-17-2014

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 3.338 billion.
Thursday, July-17-2014

July-May of fiscal year 2014: non-Basmati rice export records 15.64 percent growth
Although the rate of Pakistan's non-Basmati rice has increased up to around $400 per ton in international market as compared to India, Thailand and Vietnam, the country's rice export witnessed a growth of 15.64 percent during July-May of fiscal year 2013-14.
Tuesday, July-15-2014

Cotton, maize and sugarcane crops: met Office warns farmers of pest, viral attacks
The Met Office has warned the farmers of pest and viral attacks on sugarcane and other standing crops following the expected monsoon rains in the upcountry.
Tuesday, July-15-2014

No urea import from Iran due to curbs on POL items: National Assembly panel informed
National Assembly''s Standing Committee on Commerce was informed on Monday that Pakistan cannot import cheap urea from Iran because of restrictions on petroleum-related products but India is free to import Iranian urea.
Tuesday, July-15-2014

Facilitating mango farms: government to introduce small hot water treatment plants: minister
Federal government is taking necessary steps to introduce small hot water treatment plants at farm level as well as encouraging private sector to establish commercial facility centres for hot water treatment in mango producing areas of the country.
Tuesday, July-15-2014

May tobacco export dips by 65.35 percent
Country's tobacco export dipped by 65.35 percent to $1.055 million in May 2014, official figures said.
Tuesday, July-15-2014

Cotton market: firm trend seen amid improved activity
Steadier trend seen on the cotton market on Monday as prices showed firmness following the exporters' demand, dealers said.
Tuesday, July-15-2014

Textile minister to raise power supply issue with Nawaz
In a bid to save the industry from total collapse and ensure adequate power supply to keep its wheel moving, the ministry of textile industry has decided to raise the issue of regular electricity supply with Prime Minister Nawaz Sharif, it is learnt.
Tuesday, July-15-2014

THE RUPEE: mixed trend
Divergent trend was seen on the money market on Monday as the rupee played both side in the process of trading, dealers said.
Tuesday, July-15-2014

Rs 500 billion agriculture credit target set by SBP
The State Bank of Pakistan (SBP) has set agriculture credit disbursement target of Rs 500 billion for 2014-15 to facilitate growth in agricultural production.
Monday, July-14-2014

DAP may be exempted from GST
The government is likely to exempt Diammonium Phosphate (DAP) from General Sales Tax (GST) aimed at providing fertiliser to farmers at subsidised rates, well-informed sources told Business Recorder.
Monday, July-14-2014

Supply of substandard flour: Shahbaz orders suspension of mills' quota
Punjab Chief Minister Muhammad Shahbaz Sharif has said that Punjab government is giving a subsidy of five billion rupees on the provision of cheap flour to the people during Ramazan-ul-Mubarak.
Monday, July-14-2014

Cotton market: persistent rates' decline attracts exporters
Persistent decline in the rates, attracted exporters, finalised some deals when Bangladesh and Vietnam asked about the samples, dealers said on the cotton market on Saturday.
Monday, July-14-2014

PHMA appeals Prime Minister to deploy army in Karachi
The value-added textile sector has appealed to the federal government to deploy army in the provincial metropolis to stem unrest and restore order in Karachi, saying the 'rampant' lawlessness has crippled industrial work and tarnished the national image globally.
Monday, July-14-2014

Seeking power loadshedding relief: APTMA leadership to meet Abid Sher Ali tomorrow
The APTMA leadership will call on the Minister of State for Water and Power Abid Sher Ali on July 14 to seek relief for 58 Punjab-based textile mills, solely dependent on the NTDC network for energy supply, said APTMA Punjab spokesman.
Monday, July-14-2014

THE RUPEE: firmer trend
The rupee managed to hold the commanding position against the dollar on the currency market during the week, ended on July 14, 2014.
Monday, July-14-2014

Daily trading report of PMEX
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 3.225 billion as compared to PKR 1.974 billion registered on Friday, up 63.4 percent.
Monday, July-14-2014

Sales may go up to 65,000 units: GST cut gives impetus to tractor industry
The reduction in General Sales Tax (GST) from 17 percent to 10 percent in the budget 2014-15 has given an impetus to the crisis-ridden tractor manufacturing industry, a senior executive of Millat Tractors Ltd Azhar Noor told Business Recorder.
Saturday, July-12-2014

Pakistan struggles to reclaim Saudi seafood market
Pakistan is struggling to reclaim its place in Saudi Arabian seafood market as exporters blamed the government's regulatory and inspection department for low quality and poor packaged fish and shrimp's air-shipment to the Kingdom.
Saturday, July-12-2014

Cotton market: prices fall more on easy supply
Prices declined further on the cotton market on Friday as seed cotton arrivals showed more improvement due to a favourable weather, dealers said.
Saturday, July-12-2014

Power loadshedding: operations of Punjab's 58 textile mills in limbo
The operations of 58 textile mills in Punjab are in limbo, as majority of these mills have slashed one shift due to 10 hours electricity loadshedding daily.
Saturday, July-12-2014

THE RUPEE: minor change on interbank market
A marginal fall in the value of the rupee was seen on the interbank market on Friday in the process of trading, dealers said.
Saturday, July-12-2014

Advisory to maize growers
Punjab Agriculture Department (PAD) has advised the maize growers to complete sowing of their crop in Barani areas before start of monsoon season, so that the plants could establish their roots and take full advantage of monsoon rains.
Friday, July-11-2014

Up to 80 percent price hike registered in all varieties of fruits
The sky-rocketing prices of fruits in wholesale and retail markets have pushing the buyers beyond their purchasing power, as registering an hike of 70 to 80 percent in all varieties of fruits during the first 10 days of the holy month of Ramazan.
Friday, July-11-2014

Trading activity picks up pace on falling rates
Trading activity improved on the cotton market on Thursday as mills showed interest in fresh buying due to sliding trend in rates, dealers said.
Friday, July-11-2014

Cotton prices continue to decline
Throughout this week, lint prices continued to decline regularly and the cotton market is quite bearish.
Friday, July-11-2014

Punjab-based textile mills: Minister saves one million jobs by revising gas supply schedule, says APTMA chief
Chairman APTMA Punjab S M Tanveer has said that the Federal Minister for Petroleum & Natural Resources has saved one million jobs of the Punjab-based textile industry by revising gas supply schedule to 8pm to 2am during the holy month of Ramazan.
Friday, July-11-2014

THE RUPEE: little changes
Little movement was seen in the rupee value against the dollar on the currency market on Thursday in the process of trading, dealers said.
Friday, July-11-2014

Rainee Canal Project case: NAB arrests one accused from Ghotki
In the investigation case of Gulsher Ahmed Solangi, DDO Revenue and others, in the Rainee Canal Project case one of the accused Abdul Sattar Kalwar S/O Allah Rakhiyo Kalwar, Supervising (Tapedar) Government of Sindh, arrested by NAB Sindh Intelligence Team from district Ghotki.
Thursday, July-10-2014

Sufficient stocks available: SABIC suspends further urea supply to local market
On the request of the Trading Corporation of Pakistan (TCP), Saudi Basic Industries Corporation (SABIC) has suspended urea supply as sufficient stocks are available in the domestic market.
Thursday, July-10-2014

Wheat flour price not increased in Punjab: minister
The Punjab government has not increased price of wheat flour, Food Minister Bilal Yasin clarified here on Wednesday.
Thursday, July-10-2014

No slackness in meeting Ramazan package target: Dr Javed
Punjab Minister for Agriculture Dr Farrukh Javed has warned that no slackness would be tolerated in meeting the target of Rs 5 billion Ramazan package announced by the government with the objective of ensuring supply of flour and other daily use commodities on cheaper rates.
Thursday, July-10-2014

Government inaction irks mango exporters
The Farmers Associates of Pakistan (FAP) has blamed the Federal government for not extending help to mango exporters to capture the European market.
Thursday, July-10-2014

Cotton market: spot rate slides on easy supply position
Spot rate continued it's slide on the cotton market on Wednesday on easy supply position, dealers said. The official spot rate lost further Rs 100 to Rs 6,100, they added.
Thursday, July-10-2014

July-May 2013-14: import of textile machinery grows by 58 percent
Textile industry invested around $548.997 million during July-May 2013-14 to replace the rundown machinery with a view to boost up production, exporters said on Wednesday.
Thursday, July-10-2014

THE RUPEE: rates move both ways
A divergent trend seen on the currency market on Wednesday as the rupee played both sides in the process of trading, dealers said.
Thursday, July-10-2014

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 4.187 billion as compared to PKR 3.650 billion registered on Wednesday, up 14.73 percent.
Thursday, July-10-2014

World Bank approves Sindh Agricultural Growth Project
The World Bank's Board of Executive Directors has approved the Sindh Agricultural Growth Project worth $76.4 million.
Wednesday, July-09-2014

Khyber Pakhtunkhwa government misses wheat procurement target for current season
Due to inability of provincial food department, Khyber-Pakhtunkhwa government has yet again missed the wheat procurement target, set for current season.
Wednesday, July-09-2014

EU warns of ban if mangoes found infested with fruit flies
Pakistani mangoes would face a ban in the lucrative European Union (EU) markets if another three cases of infestation of fruit flies in shipments is found as the UK's Department for Environment, Food and Rural Affairs (DEFA) has already intercepted two such mango consignments from Pakistan.
Wednesday, July-09-2014

Bosan vows support to agriculture uplift projects in Balochistan
Minister for National Food Security & Research (MNFS&R) Sikandar Hayat Khan Bosan here on Tuesday assured his full co-operation and support for development of agricultural sector of Balochistan province.
Wednesday, July-09-2014

UAF launches first agriculture mobile phone android application
The University of Agriculture Faisalabad has launched first agricultural mobile phone android application relating to different crops and fruits diseases, their solutions and ways to increase productivity in order to educate the farming community.
Wednesday, July-09-2014

Cotton market: buyers on the sideline after record fall in New York futures
Most of the buyers were on the sidelines on the cotton market on Tuesday after a two-year low in the NY cotton futures, dealers said.
Wednesday, July-09-2014

Value-added textile sector: revival of sick units must for benefiting from GSP Plus: FCCI
The revival of sick units should be the top priority of the government in order to fully harvest the benefit of GSP Plus and it is also imperative to provide jobs to the unemployed youth, said Suhail Bin Rashid, President of Faisalabad Chamber of Commerce & Industry (FCCI).
Wednesday, July-09-2014

Issues of Punjab-based textile mills: APTMA leadership to meet government officials today
Chairman APTMA Punjab S M Tanveer said on Tuesday that an emergent general body meeting of APTMA Punjab had authorised the leadership to take final decision regarding an indefinite strike after a meeting with the government functionaries in Islamabad today (July 9, 2014).
Wednesday, July-09-2014

New textile policy yet to be announced: government inaction hinders industry from availing GSP plus facility
The country's textile sector is midway stuck to carry on their global trade especially with the EU under the GSP Plus regime since the textile policy lapsed last month, industry sources said on Tuesday.
Wednesday, July-09-2014

APTPMA voices concern over 14 percent price increase of gas
All Pakistan Textile Processing Mills Association (APTPMA) has expressed great concern over the prospect of 14% enhancement in the price of Suigas, and apprehended that this action would cast devastating repercussions on industrial production and export trade, and give a serious setback to export-oriented industries.
Wednesday, July-09-2014

THE RUPEE: mixed patterns
The official rupee-dollar parity moved both ways on the currency market on Tuesday in the process of trading, dealers said.
Wednesday, July-09-2014

Tube wells conversion on biogas: PAD signs agreement with 'Bio Energy'
Punjab Agriculture Department (PAD) has signed a consultancy agreement with a German company 'Bio Energy' to convert 20,000 diesel-fired tube wells on bio-gas within a span of two years in the province.
Tuesday, July-08-2014

9,600 cusecs of fresh water discharged in Indus Delta
About 9,600 cusecs water was discharged into Indus Delta downstream Kotri Barrage to meet its fresh water requirements after a lapse of almost nine months, Flood Warning Centre (FWC) said here on Monday.
Tuesday, July-08-2014

Policy inconsistency, low rates: export of sugar restricted to only 0.149 million tons: PSMA
Inconsistency in policies and low rate in the international market have restricted sugar exports to only 0.149 million ton, so far.
Tuesday, July-08-2014

Subsidies on wheat flour: Supreme Court asks officials to submit reports
The Supreme Court on Monday redirected all the provincial food secretaries to provide reports pertaining to a subsidy on wheat flour and its availability in the country.
Tuesday, July-08-2014

Pakistan capable of exporting 3.75 MT of rice to China
Pak-China Joint Chamber of Commerce and industry (PCJCCI) President Shah Faisal Afridi has said Pakistan has potential to export 3.75 million metric tons of rice to China.
Tuesday, July-08-2014

Substandard meat, milk: crackdown launched
Special Assistant to the Chief Minister Punjab on Livestock Muhammad Arshad Jutt claimed here on Monday that a crackdown has been launched against those selling substandard meat and milk in the province.
Tuesday, July-08-2014

Cotton market: prices fall amid improved supplies
Prices dropped modestly on the cotton market on Monday in the process of improved activity, dealers said. The official spot rate was lower by Rs 50 to Rs 6,300, they added.
Tuesday, July-08-2014

THE RUPEE: slight changes
Little changes were seen on the money market on Monday in the process of trading, dealers said.
Tuesday, July-08-2014

Daily trading report of PMEX
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 1,676 million, up by 96.94 percent from PRK 851 recorded on Monday.
Tuesday, July-08-2014

Irsa reduces outflows from Mangla dam
The Indus River System Authority(Irsa) has reduced outflow from Mangla dam on the river Jhelum to the minimum level of 15,000 cusecs against the inflow of 60,000 cusecs of water to fill the country's biggest reservoir as early as possible, Flood Forecasting Centre(FFC)told Business Recorder, here on Sunday.
Monday, July-07-2014

Import of edible oil increases marginally
The import of edible oil during July-May 2013-14 marginally increased to $1.830617 billion against $1.830601 billion worth of import registered during first 11 months of last financial year, showing less than one percent growth during current fiscal.
Monday, July-07-2014

Manifold increase in demand of dates in twin cities
In holy month of Ramazan, the demand of dates has increased manifolds in twin cities of Islamabad and Rawalpindi.
Monday, July-07-2014

15.25 percent increase in export of fishery products recorded
There has been a 15.25 percent increase in the export of the fish and fishery products.
Monday, July-07-2014

THE RUPEE: rising trend
The rupee managed to post fresh gains against the dollar and euro on the currency market during the week, ended on 5 July, 2014.
Monday, July-07-2014

Daily trading report of PMEX
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 851 million.
Monday, July-07-2014

Economy of agriculture
Pakistan has a rich and vast natural resource base, covering various ecological and climatic zones; hence the country has great potential for producing all types of food commodities.
Saturday, July-05-2014

Two held: firms making fake pesticides, chemicals raided
Punjab Agriculture Department (PAD) raided a fake pesticide and zinc sulphate manufacturing company and took into custody fake goods worth hundreds of thousand rupees and handed over two accused to the police for further proceedings.
Saturday, July-05-2014

Indus, Jhelum, Chenab rivers in low flood
Indus, Jhelum and Chenab rivers are in low flood and River Kabul in medium flood as the first spell of regular monsoon rains confined over upper parts of the country in the first week of July 2014, Flood Forecasting Centre said here on Friday.
Saturday, July-05-2014

Protecting against floods: IRC gives technical approval to 7 schemes
The Indus River Commission (IRC) in its 175th full committee meeting held under the Chairmanship of Chief Minister Sindh Syed Qaim Ali Shah at CM House Friday has accorded technical approval to 7 different flood protective and communication development schemes fallen alongwith both river banks.
Saturday, July-05-2014

ECC approves Rs 2.28 billion wheat for distribution among IDPs
The Economic Co-ordination Committee (ECC) of the Cabinet has approved an immediate release of 60,000 metric tons of wheat for distribution among the internally displaced persons (IDPs) of North Waziristan Agency.
Saturday, July-05-2014

Parboiled rice units on the verge of collapse
The export of Pakistan's parboiled rice has decreased by 10 times as compared to India's parboiled rice export due to high international rate of $425 per metric ton.
Saturday, July-05-2014

Pulses imports decline by 11 percent
A better crop anticipation in the country pulled down pulses import by 11 percent to 269.729 million dollars from July 2013 to May 2014, importers said on Friday.
Saturday, July-05-2014

Cotton market: stable trend amid modest trade
Prices held overnight firmness on the cotton market on Friday in the process of modest trading, dealers said.
Saturday, July-05-2014

Gas load management: Punjab-based textile millers reject schedule
The Punjab-based textile millers have unanimously rejected new gas load management schedule of the SNGPL and said that it is not possible to operate mills on one shift and lay off millions of workers of two-shift operations in the Holy month of Ramazan.
Saturday, July-05-2014

THE RUPEE: rates move both ways
The rupee played both sides against the dollar on the currency market on Friday, dealers said.
Saturday, July-05-2014

Our agro sector
The economy of every state depends on three sectors i.e. agriculture, industry and commerce. These three are interrelated; the progress or retrogress of one sector affects the other two.
Friday, July-04-2014

Sindh mango growers worried over contaminated shipments
Back-to-back interceptions of fruit fly-infested mango consignments which originated from Sindh have worried mango producers of the province, for they have gone the extra mile to improve their farm management practices.
Friday, July-04-2014

Irsa releases 390,000 cusecs of water into canal network
As the sowing/growing of Kharif cash crops is in full swing , the Indus River System Authority(Irsa) released 3,90,000 cusecs of water into the countrywide irrigation canal network , Wapda water manager told Business Recorder, here on Thursday.
Friday, July-04-2014

Gems export declines by 72 percent: PBS
Export of jewellery plunged by 72 percent to 324.253 million dollars during July 2013 to May 2014, according to official figures.
Friday, July-04-2014

Prices move up slightly amid slow trade
Rates moved up on the cotton market on Thursday in the process of modest trading, dealers said. The official spot rate was higher by Rs 50 t0 Rs 6,350, they added.
Friday, July-04-2014

Moderate interest in cotton buying witnessed
Though only 40,000 to 50,000 bales of cotton from the current crop (August 2013 / July 2014) is left unsold with the ginners, domestic mills are showing only moderate interest in purchasing cotton.
Friday, July-04-2014

Textile exports witness 5.96 percent rise in July-May
Textile exports witnessed an increase of 5.96 percent in July-May 2014 as compared to the same period of previous year; however representatives of the textile sector termed the increase a usual phenomenon.
Friday, July-04-2014

Power generation: PTEA demands additional supply of 200 MMCFD gas
Criticising the massive power load shedding and expressing extreme concerns over the rising electricity shortfall, Pakistan Textile Exporters Association (PTEA) has urged the government to supply additional 200 MMCFD gas to Punjab-based textile industry for power generation for in house consumption to attain competitive edge in international market.
Friday, July-04-2014

THE RUPEE: rising trend
The rupee appreciated against the dollar on the money market on Thursday following the decision by the State Bank of Pakistan, in which it had taken decision to permit export of all currencies, dealers said.
Friday, July-04-2014

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2,781 million.
Friday, July-04-2014

Insurance scheme for crops
The introduction of a crop insurance scheme has been discussed in the country for a long time due to its immense benefits to the agriculture sector and the farming community but its implementation has failed to make a steady progress with the result that the country has not been able to utilise its potential.
Thursday, July-03-2014

Rainfall may leave standing crop fields waterlogged, farmers warned
The Met office has warned farmers that rainfall following irrigation may leave standing crops like maize, sugarcane and cotton waterlogged.
Thursday, July-03-2014

Dealers'' margin: ECC to approve Rs 40 on each 50kg urea bag
Economic Co-ordination Committee (ECC) of the Cabinet on July 5, 2014 will approve Rs 40 per 50kg urea bag as dealers'' margin on imported urea being sold by the National Fertilizer Marketing Limited (NFML) through its dealers'' network across the country.
Thursday, July-03-2014

Government awaiting audit report prior to disbanding QRC
The government is still awaiting audit report from Rice Exporter Association of Pakistan (Reap) reportedly pending with Quality Review Committee (QRC).
Thursday, July-03-2014

Country's forest cover declines by 19 percent since 2001
Pakistan's forests have declined by 19 per cent to 3.44 million hectares since 2001, with a 0.36 per cent average rate of deforestation, according to an assessment made recently by Ministry of Environment through satellite images.
Thursday, July-03-2014

Business activity picks up pace on cotton market
Little improvement was witnessed in the trading activity on the cotton market on Wednesday mills and spinners took interest in fresh deals, dealers said.
Thursday, July-03-2014

Textile industry crisis endangers cotton economy : APTMA chief
Senior Vice Chairman APTMA Akbar Seth has said the textile industry crisis is set to endanger the cotton economy, as reduction in productivity will make difficult for milers to procure cotton ahead.
Thursday, July-03-2014

THE RUPEE: mixed patterns
The rupee moved both ways on the money market on Wednesday in the process of trading, dealers said.
Thursday, July-03-2014

Daily trading report of PMEX
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded increased by 38.6 percent to PKR 3.6 billion from PKR 2.6 billion recorded a day ago.
Thursday, July-03-2014

Deltaic growers in trouble due to persistent water shortage
Small growers of tail end areas of Thatta district have announced to assemble at the coastal village Thare Wari near Kharo Chhan on July 5, 2014 to discuss the water shortage, which has perished all the seasonal crops like banana, betel leaf, vegetables and paddy standing on hundreds of acres of land.
Wednesday, July-02-2014

Water crisis: Rangers to be deployed at canals to curb water theft
Sindh Chief Minister Syed Qaim Ali Shah has issued directions to deploy Rangers personnel at irrigation canals in Mirpurkhas district to curb water theft and asked the relevant officials to take strict action against those violating the rules.
Wednesday, July-02-2014

KP Governor vows to make Gomal Zam project beneficial
Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has said that keeping in view the vast impact of the Gomal Zam Project in improving socio-economic uplift of the people of the area, every possible step will be taken to make it fully beneficial for the respective people and materialise all the subsidiary schemes envisaged in its original planning.
Wednesday, July-02-2014

Smuggled cigarettes worth Rs 60 million seized at Jodia Bazaar
Directorate General of Intelligence and Investigation - FBR, Karachi claimed to have seized huge quantity of smuggled cigarettes worth Rs 60 million during joint operation with Pakistan Rangers Sindh at Jodia Bazaar Karachi.
Wednesday, July-02-2014

Cotton market: seed cotton arrivals still slow
Main participants were sidelined on the cotton market on Tuesday as phutti arrivals are slow as a result of stuck up in picking operation, dealers said.
Wednesday, July-02-2014

Cotton growers asked to eradicate herbs
Punjab Agriculture Department (PAD) has advised the cotton growers to eradicate herbs from the fields to keep the crop safe from white fly, mealy bug, army worm and leaf curl virus.
Wednesday, July-02-2014

Textile industry: JICA to provide technical experts
The Director General of Japanese International Co-operation Agency (JICA) informed the Federal Minister for Textile Industry Abbas Khan Afridi that JICA would be providing technical experts to the Ministry for marketing, vocational training for women and capacity building of garment technology institutes.
Wednesday, July-02-2014

Energy loadshedding: textile industry irked by absence of minister
Textile industry circles have raised eyebrows over the absence of Minister of Textile Industry Abbas Khan Afridi from the scene when the Punjab-based textile industry is going through the mill on account of energy shortage.
Wednesday, July-02-2014

July-May 2013-14: readymade garment exports witness 8 percent increase
Despite attaining a much-desired GSP plus status, the country could earn just $1.768 billion in July-May period of fiscal year 2013-14 through the export of readymade garments, exporters said on Tuesday.
Wednesday, July-02-2014

THE RUPEE: steadier trend
The rupee retained overnight levels against the dollar on the currency market on Tuesday in the process of trading, dealers said.
Wednesday, July-02-2014

River Kabul in medium, Indus in low flood
The River Kabul was in medium flood at Nowshera with the discharge of 87,500 cusecs of water and the mighty Indus was in low flood at Kalabagh and Chashma with the flow of 236,900 cusecs and 254,400 cusecs respectively, Flood Warning Centre said here on Monday.
Tuesday, July-01-2014

Export of LGW rice to Kenya may decline
Kenya has imposed a duty of 200 dollar per ton on Pakistan's long grain white (LGW).
Tuesday, July-01-2014

Promoting disease-free mango export: Bosan inaugurates first hot water treatment plant at Narc
Sikandar Hayat Khan Bosan, Federal Minister for Ministry of National Food Security & Research (MNFSR), inaugurated the first-ever locally manufactured Hot Water Treatment Plant at National Agriculture Research Centre (Narc) on Monday that will aid in promoting disease-free export of mangoes.
Tuesday, July-01-2014

PHDEC, TDAP need 'a shot in the arm'
Pakistan Horticulture Development & Export Company (PHDEC) and Trade Development Authority of Pakistan (TDAP), both need 'a shot in the arm,' as once again they failed to tap the 1.7 billion Muslims globally for the export of dates in Ramazan.
Tuesday, July-01-2014

BSE-infected countries: MoC moving towards lifting ban on live animals import
Ministry of Commerce (MoC) is making all-out efforts to lift ban on live animals from the countries infected by Bovine Spongiform Encephalopathy (BSE) with a view to appeasing the US, well-informed sources told Business Recorder.
Tuesday, July-01-2014

Annual ban from today to bring fish, shrimp hunting to a halt
The annual fishing ban brings fish and shrimp hunting to a halt on Tuesday (today), as fishermen returned to moor their vessels amid gusty winds and high tides at rough Arabian Sea.
Tuesday, July-01-2014

Lean business witnessed on cotton market
Lean business witnessed on the cotton market on Monday as seed cotton arrivals stuck up wind fall in Sindh cotton belt, dealers said.
Tuesday, July-01-2014

Future of textile workers at stake due to loadshedding
Acting Chairman APTMA Punjab Syed Ali Ahsan has said that the future of 15 million textile workers is at stake due to unprecedented electricity and gas load shedding for textile mills in Punjab.
Tuesday, July-01-2014

THE RUPEE: bears dominate
The rupee extended its week-end fall against the dollar on the currency market on Monday in the process of trading, dealers said.
Tuesday, July-01-2014


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