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World Agriculture News

April 2015

News Archive

Pakistan,Turkey to collaborate in agri sector, agro-based industry
He said that Pakistan was closely following Turkey's economic and rural development growth strategy and felt that Pakistan could learn from Turkey's best practices for agricultural improvement.
Tuesday, April-21-2015

Substandard sacks: wheat flour worth Rs 35 billion being lost annually
He said that using environment-friendly polypropylene sacks to pack flour, rice, fruits and vegetables etc could help maintain quality, reduce losses and health hazards.
Monday, April-20-2015

Kharif crops: PPCBL starts disbursement of Rs 2.5 billion agriculture loans
Rupees 160 million to Sargodha division, Rs 389.93 million to Faisalabad division, Rs 385.33 million to Bahawalpur division, Rs 270 million to Multan division, Rs 420.21 million to Sahiwal division and Rs 172 million to D G Khan for advancement of loans.
Monday, April-20-2015

Guddu Barrage rehabilitation: IDA mulling to provide $191 million
International Development Association (IDA) is mulling to providing $191 million for rehabilitation of the Guddu Barrage, while the total cost of the project is worked out approximately $209 million.
Monday, April-20-2015

4500MW Diamar Bhasha Dam project: South Asia Investment Fund being established
According to sources, the representatives of the three institutions will arrive in Pakistan on Monday (today) when the Chinese President would also be in the capital.
Monday, April-20-2015

Make in Pakistan drive must to spur industrialisation
It is also essential for the government to promote industrialization, modernise agriculture and begin a campaign "make in Pakistan".
Monday, April-20-2015

Government urged to reduce rates of taxes
In spite of energy crisis in the country, more than 70 per cent of total revenue is being generated from Sindh, but unfortunately the community in the province is being deprived of their due facilities and benefits, he observed.
Monday, April-20-2015

THE RUPEE: firm trend
The rupee recovered modestly against the dollar on the currency market during the week, ended on April 18, 2015. In the interbank market, the rupee gained 35 paisa in relation to the dollar for buying and selling at Rs 101.50 and Rs 101.55.
Monday, April-20-2015

Develop agriculture to combat food insecurity
The workshop is being funded by German Academic Exchange Service (DAAD). Researchers and scientists from eight countries are participating in the three-day event.
Saturday, April-18-2015

Govt plans to prepare food security policy
'During last year the wheat price on international level decreased, therefore the local price of the commodity surpassed the international price due to which surplus wheat could not be exported last year', he said, adding now with the increasing trend of the price in the international markets, the provincial governments wrote letters to the federal government requesting to allow them to dispose off the commodity.
Saturday, April-18-2015

Export of surplus wheat Action plan being devised
The issue of export and import of wheat currently being dealt by Ministry of Food Security and Provisional Ministries of Food and Agriculture and other trade organisations also came under discussion.
Saturday, April-18-2015

Country may miss wheat production target
The Federal Committee on Agriculture (FCA) had fixed wheat production target at 26.3 million tons for Rabi season 2014-15, with Punjab targeted to produce 19.6m tons, Sindh 4.4m tons, Khyber Pakhtunkhwa (KP) 1.4m and Balochistan 0.9m tons.
Saturday, April-18-2015

China to invest $37 billion in energy projects
Out of the total $45 billion investment in Pakistan, China will invest up to $37 billion in various energy projects while give $8 billion concessional loan for infrastructure development projects of Pak-China Economic Corridor project.
Saturday, April-18-2015

Entire power sector subsidy disbursed in just 8 months
Well informed sources told Business Recorder that the estimated subsidy for the power sector for the current year was around Rs 280-285 billion but the Finance Ministry, with the objective of meeting IMF time bound conditions understated it and earmarked only Rs 183 billion.
Saturday, April-18-2015

Fire prevention PHMEA holds training
In this training programme, different companies participated and learned about types of fire, how to prevent fire and if in case of accident how to control it.
Saturday, April-18-2015

Trade activity falls as ginners stop selling lint cotton
The prices of seed cotton in Sindh were at Rs 1900 and Rs 2500 and in Punjab rates were at Rs 2200 and Rs 3000, they said.
Saturday, April-18-2015

THE RUPEE: rates surge
INTER-BANK MARKET RATES: The rupee gained 15-paisa against the dollar for buying and selling at Rs 101.50 and Rs 101.55 respectively, they said.
Saturday, April-18-2015

Exporters must ship sugar by July 15
The federal government has announced extension in the date for export of sugar till July 15, 2015.
Friday, April-17-2015

Sindh, Punjab Wheat export deadline extended
State Bank of Pakistan (SBP) has announced extension in wheat export deadline for Sindh and Punjab by 30 days.
Friday, April-17-2015

Speakers seek scientists' role for poverty alleviation
The economy based on research with special focus on poverty and hunger alleviation is imperative to achieve the Millennium Development Goal and to address the problems of the poor.
Friday, April-17-2015

Energy sector: Denmark can extend co-operation
Danish Ambassador Jesper said that Danish Pharmaceutical industry operates and manufactures based on research exports to countries world-wide including Pakistan.
Friday, April-17-2015

Cotton market: firm posture prevails
Thus seedcotton (kapas / phutti) rates in Sindh are said to have ranged from Rs 1,900 to Rs 2,500 per 40 kgs, while in the Punjab the seedcotton rates, whatever small quantity is left unsold in the market, reportedly ranged from Rs 2,200 to Rs 4,000 per 40 kgs, according to the quality.
Friday, April-17-2015

CG visits expo: Pakistani firms participate in Texworld Istanbul
Texworld Istanbul has closed its door in Istanbul on April 9, at L'tfi Kirdar International Convention and Exhibition Centre, after three very lively days of business.
Friday, April-17-2015

Textile industry: Punjab extending all possible facilities
Punjab Labour Minister Raja Ashfaq Sarwar has said that the Punjab government is taking all-out measures to exploit the opportunity of GSP Plus status and extending all possible facilities to textile industry to enhance existing export volume.
Friday, April-17-2015

Spinners keep chasing quality lint amid short supply
The official spot rate was unchanged at Rs 5300, dealers said. In the ready session, around 4,000 bales of cotton changed hands between Rs 4600 and Rs 5600, they said.
Friday, April-17-2015

THE RUPEE: mixed patterns
INTER-BANK MARKET RATES: The rupee moved cautiously versus the dollar, gaining two-paisa in terms of the dollar for buying and selling at Rs 101.65 and Rs 101.67 respectively, they said.
Friday, April-17-2015

Agricultural breakthrough: Saline land yields perfect potatoes
According to a statement issued by the Dutch Embassy, the project is combination of Dutch agricultural innovation and Pakistani entrepreneurship.
Thursday, April-16-2015

Climate change to cut Pak crop yields by 10 percent
The report was produced in collaboration with the London School of Economics-Political Science (LSE-PS) and the Lahore University of Management Sciences (LUMS) and highlights the impact of climate change on Pakistan?s agriculture and food security.
Thursday, April-16-2015

Demand for land ownership right for rural population
They deplored people in rural Sindh did not have ownership documents of piece of land where their homes were built for decades and they were uprooted anytime from their ancestor houses whenever some new housing schemes or other development schemes were launched.
Thursday, April-16-2015

Chinese President's visit will further boost mutual trade
He said people of Pakistan always attached great importance to Chinese people as China was time-tested friend of Pakistan.
Thursday, April-16-2015

NFML urea scam: NAB initiates in-house probe
Inquiry report further discloses that huge loss was made to the public exchequer through sale at lower rates in excessive amounts and in excess of quotas on bogus unsigned requests without any due process/diligence.
Thursday, April-16-2015

Sugar price soaring in local market
"Sugar price in wholesale market was fixed at Rs 50 per kg in the previous price list issued on April 1, 2015, while in the recent meeting held on Tuesday at the Commissioner's House, the wholesale sugar price has been fixed at Rs 54.50 per kg," he informed.
Thursday, April-16-2015

Wheat purchase: government to prefer farmers over middlemen
The meeting convened to discuss the total budget allocation of Zarai Taraqqiati Bank Limited (ZTBL) for loan to farmers for 2013-2014 and 2014-15 as well as province-wise budget allocation for the said financial year, but the committee postponed the agenda due to absence of ZTBL Chairman Syed Talat Mehmood.
Thursday, April-16-2015

Punjab Fisheries department initiates anti-dengue campaign
He told department's field staff to accelerate the campaign and regularly monitor dengue larvae in the water bodies in their respective areas. He stated this during a meeting held on Wednesday.
Thursday, April-16-2015

World Bank discussing energy reform plan
He further said that subsidies do distort the market and result in inefficient consumption of electricity. Pakistan has done well to bring them down considerably in the last couple of years - can it be right that the biggest consumers of electricity - people using more than 300kWh per month of electricity (enough to live comfortably even in Pakistan''s summer) were getting something like 60% of the subsidies, while the consumers who only use 50kWh/month were only getting 5%?
Thursday, April-16-2015

Cotton cultivation South Punjab, Sindh farmers advised to prepare land
Farmers of southern Punjab and Sindh should timely prepare land for cotton cultivation with a view to attain best gains from the crop.
Thursday, April-16-2015

APTMA for continuation of MINTEX as separate Ministry
Textile mills are closing down their operations because of becoming unviable and of various reasons concerning energy insecurity, un-affordability and the high costs of business.
Thursday, April-16-2015

PTA voices concern over persistent decline in FDI
The common factor behind the regional countries' export growth is that exporting goods shed all taxes, direct or indirect within the borders of the country from which exported."
Thursday, April-16-2015

PTA urges government to address leather industry's issues
Expressing concern over downward trend in export of leather and leather products from Pakistan despite the award of GSP plus status to Pakistan, Muhammad Musaddiq recommend the government to issue instructions to the ministries of commerce, finance as well as Federal Board of Revenue (FBR) for taking immediate necessary steps to remove the hurdles faced by the exporters of leather industry and frame business-friendly polices.
Thursday, April-16-2015

Cotton market: rates firm on persistent demand
The official spot rate was unchanged at Rs 5300, dealers said. In the ready session, around 5,000 bales of cotton changed hands between Rs 4850 and Rs 5500, they said.
Thursday, April-16-2015

THE RUPEE: rising trend persists
INTER-BANK MARKET RATES: The rupee recovered 12-paisa more in terms of the dollar for buying and selling at Rs 101.67 and Rs 101.69 respectively, they said.
Thursday, April-16-2015

Agriculture backbone of Pakistan's economy
The President said like other developing countries, Pakistan was also facing challenges of economic growth, poverty reduction, human resource development and judicious allocation of national resources.
Wednesday, April-15-2015

Pakistan,Turkey to deepen cooperation in Agriculture sector
Minister Mehdi Eker warmly welcomed Ambassador Mahmood on his assignment in Turkey and reaffirmed his support for the efforts to deepen mutual collaboration in agriculture and livestock sectors.
Wednesday, April-15-2015

Qaim orders release of funds for distribution of bags
The remaining 50 percent wheat is sold in open market at around Rs 1,100 per 40 kilogrammes, whereas Sindh government was paying growers Rs 1,300 per 40 kg, he said.
Wednesday, April-15-2015

Hari moot urges Sindh government to adopt agriculture policy
The conference was attended by people from different walks of life including farmers, labours, growers, agriculture experts and other related persons.
Wednesday, April-15-2015

Punjab decides to procure 4 million tons of wheat from cultivators
He said that wheat will be procured from the farmers at the rate of Rs.1300 per maund and a record amount of Rs.130 billion has been allocated for this purpose during the current year.
Wednesday, April-15-2015

Mega hydel projects: Wapda rejects PPIB''s role in development
The sources said Pakistan has been facing power shortages and there are a number of identified potential sites suitable for run of the river and multi- purpose hydropower projects which have not been developed because of financial constraints.
Wednesday, April-15-2015

Delay in cotton procurement: MoC tells TCP to conduct probe
During the cotton procurement process in November last year, some four ginning factories presented 2,100 cotton bales for sale as per government policy.
Wednesday, April-15-2015

KCA against proposal to impose ST on raw cotton
The government of Pakistan has set a target for Cotton Production 2015-16 season at 15.49 million bales. With this, there is a strong possibility for Pakistan to potentially export a million bales of raw cotton.
Wednesday, April-15-2015

Cotton market: strong demand pushes rates up amid tight supply
The official spot rate appreciated by Rs 50 to Rs 5300, dealers said. In the ready session, around 5,000 bales of cotton changed hands between Rs 4650 and Rs 5600, they said.
Wednesday, April-15-2015

THE RUPEE: stable trend
A slight improvement in supply of dollar helped the rupee to extend its rise against the US currency on the local currency market on Tuesday, dealers said.
Wednesday, April-15-2015

Govt asked to fix oilseed crops prices
Growers feel discouraged by the market price the oilseeds fetch and are also handicapped by the absence of an enabling environment.
Tuesday, April-14-2015

Businessmen asked to focus on Africa for trade
He said they should do marketing of local products in foreign countries that would help in promoting Pakistani trade and exports with outside world.
Tuesday, April-14-2015

Govt should give priority to agri sector in budget
He also demanded that funds should be allocated for Crop Insurance Scheme (CIS) for farmers of the areas affected by natural disasters/ calamities, wide-spread diseases and unpredictable weather conditions.
Tuesday, April-14-2015

Zero rated imports of doubtful Halal meat: government should provide level-playing field to domestic processors
He said with this concession fast food chains that were previously buying the Pakistani processed meat now import processed chicken from Malaysia or China that had also been granted the same zero rated concession.
Tuesday, April-14-2015

Illegal fishing goes unabated in Rawal Lake
A number of fish stall owners at adjoining roads of the lake claim to sell their fish hunted from the Rawal Lake which clearly indicates that the activity was being carried out by many as source of income
Tuesday, April-14-2015

SBP to hold International Conference on Innovative Agricultural Financing
Global experiences on agriculture financing will be highlighted via plenary discussions, breakout sessions, and plug-n-play sessions.
Tuesday, April-14-2015

Agriculture And Natural Resource Conference
We need to improve our agriculture input to become self sufficient and to provide maximum raw goods to the industrial sector, he added.
Tuesday, April-14-2015

Malaysia grants 15% rebate on export: Zero rate poultry import puts local industry in hot water
Poultry meat is allowed to be imported from India at 5 percent duty while it is not possible for Pakistan to export poultry to India as it has been placed by the Indians on sensitive list.
Tuesday, April-14-2015

Edible oil: government urged to cut import bill
He was of the opinion that oilseed crops like mustard, sunflower, canola, etc. lacked congenial investment climate in the country's provinces.
Tuesday, April-14-2015

Federal government announces cash incentives for Kinnow growers
"Pakistan's agricultural products have so many threats and there is a need to make joint efforts to prevent our products from dangerous viruses like canker and in order to encourage these efforts from the next season government will give cash reward to top-ten orange farm owners, which farms will be free of any disease," he added.
Tuesday, April-14-2015

Leather sector: only 50 percent units filing income tax returns
The leather industry pays income tax and sales tax at domestic stages. At the imports stage custom duty, sales tax, FED and withholding taxes are collected on the import of leather products and articles of leather.
Tuesday, April-14-2015

Insipid business as ginners raise asking prices
Lacklustre business was seen on the cotton market on Monday as many ginners started increasing prices of fine type due to small stock with them, dealers said.
Tuesday, April-14-2015

PRGMEA rejects merger of textile division
He said the textile industry has become important after the GSP plus status by the EU, as 80 percent items with free market access under the scheme are from this sector. All the regional competitors have separate ministries of textile, he added.
Tuesday, April-14-2015

THE RUPEE: firm trend
NTERBANK MARKET RATES: The rupee inched by one-paisa in relation to the dollar for buying and selling at Rs 101.85 and Rs 101.86 respectively, they said.
Tuesday, April-14-2015

Agriculture tax defaulters: revenue officers asked to take strict action
Senior Member Board of Revenue, Nadeem Ashraf presided over a board meeting at committee room of Punjab Revenue Department.
Monday, April-13-2015

KP to complete work on 12 more small dams
This was disclosed by Khyber Pakhtunkhwa Minister for Irrigation, Mehmood Khan while talking to this scribe. He said that construction work on these dams is at various stages of completion.
Monday, April-13-2015

Ukraine, Russia and Moldova: Quality of imported wheat questioned
Pakistan''s wheat price is higher than the international price. For instance, procurement price of wheat in Pakistan was $318 per ton last year and after inclusion of other costs by the time it arrives in Karachi its cost is $360 per ton whereas the cost of imported wheat is $270-275 per ton.
Monday, April-13-2015

Govt should give priority to agriculture sector in 2015-16 budget
At the same time, Pakistan's agricultural sector also faces larger post-harvest losses of 40%, when compared with the global benchmark, he said and added that this double blow low output and high losses, diminishes the income of growers further.
Monday, April-13-2015

Water-energy-food ' a nexus we can't ignore
Being held under the theme 'Water for Our Future', this year from April 12 to April 17, the WWF is a global event organised every three years by the World Water Council (WWC) in collaboration with the authorities of the host country, with aim of coping with growing global water challenges collectively.
Monday, April-13-2015

Power shortfall rises to 3,000MW
The electricity shortfall between demand and production rose to 3,000MW on Sunday as the weather remained hot and dry in most parts of the country.
Monday, April-13-2015

Budget disparity: Untold statistical anomaly of state versus public development
Every Pakistani has the right to know how much of the budget went to the federal government and what amounts were allowed for public development during the past 15 years.
Monday, April-13-2015

Kinno exports fetch $200m
The country fetched $200 million by exporting 350,000 tonnes of kinno, surpassing the target of 325,000 tonnes, this season so far, with more shipments are on their way.
Monday, April-13-2015

THE Rupee: two-way movement
The rupee showed mixed patterns against the dollar in the money market during the week, ended on 11, 2015. In the interbank market, the rupee picked up 11 paisa in relation to the dollar for buying and selling at Rs 101.86 and Rs 101.88.
Monday, April-13-2015

Daily trading report of PMEX
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.084 billion and number of lots traded was 15,817.
Monday, April-13-2015

Ministry suggests increase in Passco's wheat quota
The reason for increasing the purchase target is that the provinces have already surplus wheat in their storages. Apart from this, the country is expected to harvest a bumper crop, which will rise past the target of 26.5 million tons.
Saturday, April-11-2015

Turkish envoy, PBIT agree to enhance trade ties
Both sides agreed to work in complete coordination to enhance trade and other beneficial projects in various fields, including education and agriculture, especially food processing and preservation.
Saturday, April-11-2015

Workshop on information science, agriculture journalism
This is the 21st workshop of this serious which will be addressed by the professors from the journalism, journalists from print and electronic media.
Saturday, April-11-2015

National Assembly panel unable to fix cotton price
A parliamentary panel was unable to fix the cotton price, however it recommended to the Trading Corporation of Pakistan (TCP) to procure seed cotton (phutti) instead of lint to secure the interests of cotton growers.
Saturday, April-11-2015

Ginners keen to raise prices amid fresh rains in cotton belt
Firmness prevailed on the cotton market on Friday as ginners were trying to raise the asking prices, on the other hand, spinners and mills were resisting deals above the psychological levels, dealers said.
Saturday, April-11-2015

State of the art wool development company to be established
He said that federal and provincial governments with active support of donor agencies will work to create much needed economic activities in backward areas of the countries.
Saturday, April-11-2015

UfG losses cost exchequer Rs 60 billion annually
The country was losing an estimated Rs 60 billion annually on account of Unaccounted for Gas (UfG) losses.
Saturday, April-11-2015

THE RUPEE: little gains
Modest recovery was seen versus the dollar on the money market on Friday in process of trading, dealers said.
Saturday, April-11-2015

Provinces will be asked to reduce agriculture production cost
He congratulated the kinnow exporters for historic growth in the exports of citrus fruit, however urged that its benefits should also go to the growers and farmers.
Friday, April-10-2015

Malaysia's end-March palm stocks rise 7pc
The rise was bigger than a Reuters poll that forecast inventories to edge up 0.2 to 1.75 million tonnes.
Friday, April-10-2015

Country must increase water storage capacity
In a research paper, "Water storages in the country", Agha said that world average storage is 40 percent whereas Pakistan is storing only 10 percent of annual flows and an average of 30 percent of total water flows are going to the sea.
Friday, April-10-2015

International Livestock Dairy Poultry Congress from April 14
The Pakistan Veterinary Medical Council is organising a two-day "International Livestock Dairy Poultry Congress (ILDPC-2015)" on April 14 and 15 at the Expo Centre to showcase the agriculture and livestock sectors.
Friday, April-10-2015

Coal-fired power project: Chinese group plans to make investment
The Chinese company will be responsible for construction and operation of the project, which is scheduled to be completed within 32 months and will mainly use coal from Indonesia.
Friday, April-10-2015

Upward drive continues on cotton market
In Pakistan, Chinese buying of yarns has gone down and fabric sales have also decreased. Increase in yarn prices provides some relief.
Friday, April-10-2015

Prices extend overnight gains on tight supply
The prices of seed cotton in Sindh were up by Rs 100 to Rs 1900 and Rs 2500 and in Punjab rates were at Rs 2200 and Rs 3000, they said.
Friday, April-10-2015

Brazil to support development of Pakistan's agriculture
On this occasion Alfredo Leoni said his country will continue support to Pakistan. He said that Brazil was having advanced agriculture technologies and it will help Pakistan to develop its agriculture sector.
Friday, April-10-2015

Call to involve Chinese investors to control energy issue
In a press statement issued here Wednesday, he urged to involve Chinese investors in the private-public joint ventures for setting up the independent electricity production units.
Friday, April-10-2015

Proposals for budget FY2015-16
President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has recommended that income tax on agriculture should be increased and agriculture income should be brought under tax net.
Friday, April-10-2015

THE RUPEE: steadier trend
INTER-BANK MARKET RATES: The rupee inched up by two-paisa in relation to the dollar for buying and selling at Rs 101.93 and Rs 101.95 respectively, they said.
Friday, April-10-2015

Govt asked to promote solar energy generation
The government is working to add considerable power capacity in next 3-5 years but such initiatives will not bridge increasing gap in electricity demand and supply as demand of power will also surge in near future.
Thursday, April-09-2015

E-farming system: Adopting modern technology, farmers move online
The project will be functional in all districts of Punjab, where farmers can contact agriculture experts, researchers and analysts to receive advice on extracting better yield of crops.
Thursday, April-09-2015

Kharif crops: IRSA stores 4.4MAF water in Mangla, Tarbela
The Indus River System Authority has stored 4.4. MAF water in the Mangla dam on river Jhelum and Tarbela dam on river Indus till 8th of April for sowing the strategic Kharif crops including cotton, rice, sugarcane, maize, vegetable, fodder for livestock and fruit orchards.
Thursday, April-09-2015

Excessive fishing with prohibited nets: 18.33 percent fall in February seafood exports
The prolonged cold weather highly scaled down fish catch, causing a huge financial loss to fishermen and exporters as the country's seafood export has fallen 18.33 percent in February this year.
Thursday, April-09-2015

Government to introduce uniform gas tariff
The conversion of existing domestic gas concessions to higher producer prices (under the 2012 Policy) will be expedited with the signing of Model Supplemental Agreement in February 2015.
Thursday, April-09-2015

SRB striving to raise revenue collection
In the past, land revenue department was top revenue collecting body but now SRB replaced it, he said and added that Sindh government after having self-sufficient 'SRB' was now able to address Karachi's core issues- water, energy, etc.
Thursday, April-09-2015

100 units may be shut down anytime soon
The lack of downward exchange rate flexibility and a high inflation differential relative to trading partners have caused a further loss of Pakistan's export competitiveness in world markets, the report added.
Thursday, April-09-2015

Pakistan, Belarus to enhance economic co-operation
Pakistan and Belarus have great opportunities to enhance their economic co-operation through B2B meetings, organising exhibitions and sending delegations of experts under the platform of FPCCI.
Thursday, April-09-2015

THE RUPEE: mixed patterns
The rupee sustained its overnight firmness versus the dollar on the interbank market, while it drifted lower against the dollar on the open market in the process of trading on Wednesday, dealers said.
Thursday, April-09-2015

Daily trading report of PMEX
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.072 billion.
Thursday, April-09-2015

Need stressed to develop agriculture, cattle farming
Dr Malik declared 2015 the year of growers, cattle farmers and fishermen and said that a convention of experts of these sectors would soon be held in the provincial capital to create awareness about the issue and to invite experts? opinions and suggestions for rapid development of these sectors in the province.
Wednesday, April-08-2015

Discouraging wheat import: PARC BoG asks DPP to beef up SPS measures
He said surplus wheat in stock is available and the country is likely to achieve wheat target set for 2014-15, therefore import will create problems.
Wednesday, April-08-2015

Contributions of aquaculture highlighted
The fisheries sector contributes one percent to the country's GDP, provides livelihood to 400,000 fishermen while another 600,000 people are involved in ancillary activities.
Wednesday, April-08-2015

Poultry-related courses: TEVTA signs MoU with UVAS, PPA
The development, notification and approval of curricula for the course of multi-skills will be responsibility of TEVTA Punjab in co-ordination with the UVAS and the PPA.
Wednesday, April-08-2015

Circular debt: power sector arrears two percent of GDP till Jan '15
An ambitious approach reducing these losses will improve energy supplies, fiscal sustainability, and will place the Pakistani economy in a position for sustained higher growth.
Wednesday, April-08-2015

Relying on LNG import for power generation a mistake
Former Finance Minister, Hafeez Pasha said that the govt is making yet another mistake by over relying on LNG import for power generation.
Wednesday, April-08-2015

Tax collection target of second quarter missed
Due to legal challenges, the GIDC has so far produced only about one-tenth of an expected annual yield of 0.6 percent of the GDP (including GST on the GIDC) in 2014-15. In addition, a court stay has blocked a 10 percent tax on the value of bonus shares, which was estimated to bring in 0.1 percent of the GDP.
Wednesday, April-08-2015

Regional competitors: textile industry losing viability
The production efficiencies are higher due to the latest machinery replacement under the TUFS scheme at almost zero interest rate.
Wednesday, April-08-2015

Cotton market: volume of business drops as leading spinners prefer sidelines
The prices of seed cotton in Sindh were at Rs 1800 and Rs 2400 and in Punjab rates were at Rs 2200 and Rs 2900, they said.
Wednesday, April-08-2015

SBP suggests amendments to tax laws
This is in accordance with global practices and IMF recommendations in its working paper on the subject. However, there are still some provisions in the Income Tax Ordinance-2001, Sales Tax Act-1990 and Federal Excise Act-2005 attracting application of taxes and duties on SBP.
Wednesday, April-08-2015

THE RUPEE: minor changes
The rupee managed to hold overnight levels against the dollar on the money market on Tuesday, dealers said.
Wednesday, April-08-2015

Daily trading report of PMEX
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was slightly above PKR 3 billion.
Wednesday, April-08-2015

SABIC assures supply of 60,000 tons of urea
Moreover, it is being estimated that after the arrival of assured supply, overall urea dispatches from the SABIC will reach 365,000 tons against $125 million SFD credit facility, they added.
Tuesday, April-07-2015

Wheat procurement: growers dissatisfied with arrangements made by Sindh government
Punjab government has announced to start wheat procurement from April 15; whereas Sindh government started its procurement drive from April 1, 2015 but with snail's pace.
Tuesday, April-07-2015

Chiniot dam: Wapda to start feasibility study
The only site available on the River Jhelum had already been developed by constructing the Mangla Dam, which has proven its worth, time and again, to control floods in the River Jhelum since its completion in 1967.
Tuesday, April-07-2015

Agreement signed: TCS E-Com to display Interwood's products
Interwood Mobel, with its 40 years' background, provides high quality and innovative furniture products and home accessories at affordable prices.
Tuesday, April-07-2015

15-member Reap delegation leaves for Malaysia
He is hopeful that this visit will produce fruitful results for the betterment of rice exports from Pakistan and Pakistan will get a very handsome market share of both the countries.
Tuesday, April-07-2015

Minister urges scientists to carry out more research on fisheries
He said a bio-diversity hatchery had been set up at up to Rs 170 million in Chashma, in Mianwali, for conservation of different varieties of fish and increasing their breeding in natural waters for ensuring provision of protein.
Tuesday, April-07-2015

Investors offered huge incentives: power policy notified
The government has reportedly notified new Power Policy 2015 after formal approval of the Inter-Provincial Co-ordination Committee (IPCC), offering substantial fiscal incentives to investors and companies that will be completely exempted from the payment of income tax, including turnover rate tax and withholding tax on import of machinery.
Tuesday, April-07-2015

FBR alerts officials to check smuggling of goods from Dubai
These goods have reportedly been purchased from the recently concluded "GITEX Shopper" Dubai World Trade Centre, sources said.
Tuesday, April-07-2015

THE RUPEE: rates slip
The rupee dropped against the dollar in the inter-bank market, while it showed no change in the kerb dealings on Monday, dealers said.
Tuesday, April-07-2015

Frequent visits of businesspeople to help promote trade
Deputy High Commissioner Bangladesh, Noor-e-Helal Saif-u-Rehman said that there was a need of frequent visits of delegations of business community between Bangladesh and Pakistan to promote bilateral trade relation between them.
Tuesday, April-07-2015

Daily trading report of PMEX
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.786 billion as compared to PKR 2.518 billion reported on Thursday, an increase of 50 percent.
Tuesday, April-07-2015

Not a level playing field for agri workshop
The then government and successive governments, despite meagre resources, manged to import bulldozers from Europe to level the deserts and make the land fertile.
Monday, April-06-2015

Call for promoting efficient use of water
Federal Minister for Climate Change Senator Mushahidullah Khan has asked federal and provincial public sector institutions to play their role in coping with water challenges.
Monday, April-06-2015

Endangered: Plenty of fish in the sea? Not anymore
There really aren't as many fish in the sea as you thought. About 10 per cent of the marine and brackish water species of Pakistan have vanished, thanks to the illegal use of fishing nets and lack of interest of the provincial fisheries department.
Monday, April-06-2015

Imported urea stolen by NFML ''gang''
Some employees of National Fertilizer Marketing Limited (NFML) are said to have stolen imported urea worth millions of rupees from different stores on fake documents in Lahore region, well informed sources told Business Recorder.
Monday, April-06-2015

Microfinance: ripe for finance
The NRSP-PKIC facility would be used for micro loans in the agriculture sector. PKIC's syndicate also includes Silk Bank and Pak-China Investment Company, another DFI.
Monday, April-06-2015

More than last year's 1.986 and 10yrs' average 0.693: 2.75m acre feet water recorded in reservoirs
The report said that the increased water availability will boost agriculture and contribute to economic growth.
Monday, April-06-2015

Joint Group Sichuan delegation visits PBIT
A delegation from Joint Group Sichuan, China led by its president Bai Shun, accompanied by Technical Director Bai Shijun, Agriculture Expert, Chen yang, Market Developing Department business Manager Ma Qiuyun visited the office of Punjab Board of Investment & Trade (PBIT).
Monday, April-06-2015

THE RUPEE: slight recovery
The rupee managed to recover modestly against the dollar on the money market during the week, ended on April 4, 2015.
Monday, April-06-2015

Cotton market: sustained demand contributes towards firmness of prices
Persistent demand by mills and spinners, helped the rates to hold present levels on the cotton market on Saturday, dealers said.
Sunday, April-05-2015

Reactivation of Pak-US research programme on the cards
He said that they are planning a visit to the US in May or June in connection with the MoU with NSF of America and exploring opportunities of cooperation with other similar organizations such as the Rockefeller Foundation.
Saturday, April-04-2015

Pak-Russian trade, investment must rise
Russia is ready to supply civil aircraft, the latest Sukhoi super jet 100, and helicopters. Agricultural products too can be substantially imported from Pakistan.
Saturday, April-04-2015

Agri, livestock & energy Saudi investors show interest in various sectors
He also expressed desire to invest in various sectors in Punjab. He said there was a need for effective measures for the promotion of bilateral co-operation in agriculture, livestock, energy and other sectors.
Saturday, April-04-2015

Kharif crops IRSA allocates 71.26MAF water to provinces
The Indus River System Authority has allocated 71.26 MAF water to provinces for sowing and growing Kharif crops from 1st April to 30th September 2015.
Saturday, April-04-2015

Mirani Dam victims: payment of compensation issue resolved
The Committee formed by the Finance Minister, Senator Mohammad Ishaq Dar on Thursday headed by Secretary Finance to resolve, among other issues, the matter regarding payment of compensation to Mirani Dam affected people, submitted its report here Friday.
Saturday, April-04-2015

Royal Palm Rose Flower Show begins today
The annual Royal Palm Rose Flower Show 2015 begins at the Royal Palm Flowers arena on Saturday.
Saturday, April-04-2015

Sugar production likely to decline by 0.5 million tons
The sugar production of the country is likely to decline by 0.5 million tons this year owing to a delay in crushing and a reduction in the area under sugarcane cultivation, an official said.
Saturday, April-04-2015

Milk processing industry has bright future
A growing number of quality conscious people are propelling a growth of 10-15 percent annually in Pakistan's milk processing industry and hence in the years ahead this vital sector has a bright future.
Saturday, April-04-2015

Thar Coal machinery exempted from customs duty
The federal government has exempted coal mining equipment and machinery including vehicles used on site (not manufactured locally) and imported for Thar Coal field from payment of customs duty.
Saturday, April-04-2015

Around 14.83 million cotton bales reach ginneries
Seed cotton (Phutti) equivalent to 14.83 million or 14,838,605 bales have reached ginneries across Pakistan till April 1, 2015, depicting an increase in arrivals by 10.85 percent compared to corresponding period of last year.
Saturday, April-04-2015

Cotton market deals: mills, spinners stay busy on release of PCGA report
Mills and spinners were busy in active buying on the cotton market on Friday after fresh rains in cotton belt and release of Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said.
Saturday, April-04-2015

Apparel sector: stakeholders plead for zero-rated status in FY16 budget
All the four stakeholders of apparel textile sector have proposed to the government to give them zero-rated status in the upcoming budget 2015-16 to promote and bring good investment in the sector.
Saturday, April-04-2015

THE RUPEE: stable trend
Firmness prevailed on the money market on Friday as the rupee held the overnight levels against the dollar in the process of trading, dealers said.
Saturday, April-04-2015

Poultry prices to decrease gradually
Chairman Pakistan Poultry Association (PPA) Dr. Hassan Sarosh on Friday said that the recent hike in poultry products prices was temporary and rates would gradually come down by the mid of April.
Saturday, April-04-2015

Ban to change agriculture land into real-estate business demanded
Agriculture scientists on last of Wheat Travelling Seminar (WTS) 2015 proposed development of housing societies and commercial plots on agriculture land could prove destructive for future as it would have direct impact on food production and climat.
Friday, April-03-2015

Belarus eager to share its energy expertise with Pakistan
The meeting discussed and explores the investment opportunities available in both countries and emphasises the need to improve the economic ties between the two countries.
Friday, April-03-2015

Call to ensure growth of fish in natural waters
Punjab Minister for Forests, Wildlife and Fisheries Muhammad Asif Bha has stressed the need to ensure growth of fish in natural waters and safety of all species of it to meet the protein requirements of the rapidly increasing population.
Friday, April-03-2015

Further increase in cotton prices
Now that free floating stocks of cotton from the current season (August 2014 / July 2015) have decreased further and may presently be ranging from 450,000 to 500,000 bales (155 kgs) only, lint prices have tightened further to still higher levels.
Friday, April-03-2015

Rates soar on sustained demand by spinners
Prices extended overnight gains on the cotton market on Thursday as ginners were not ready to oblige mills and spinners, anticipating further rise in the coming days, dealers said.
Friday, April-03-2015

Prime Minister urged to appoint minister for textile
The absence of a textile minister and the proposed merger of textile and commerce ministry under the Ministry of Commerce is creating uncertainty and negatively affecting the major export earner of the country, sources told to Business Recorder.
Friday, April-03-2015

THE RUPEE: modest rise
Modest recovery was seen in the value of the rupee against the dollar on the local currency market on Thursday, dealers said.
Friday, April-03-2015

Govt asked to announce agriculture policy
Speakers at a workshop here on Thursday said that the government should take steps to enable small farmers to play their due role in development of agricultural sector by adopting modern technology.
Friday, April-03-2015

Preserving environment: Power, transport, agriculture sectors told to curb carbon emissions
The power, transport and agriculture sectors in particular need to play their due roles to mitigate the impacts of carbon emissions.
Friday, April-03-2015

Farmers advised to keep abreast of unstable weather conditions
Farmers are advised to irrigate the crops keeping the expected rain in the agricultural plains of the country. Weeds are expected to shoot in excess after recent rains. Farmers should control weeds growth soon after rains.
Thursday, April-02-2015

Phase I of Kachi Canal Project: Ahsan gives deadline to Wapda
The Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal has given June 30, deadline to Wapda to finish 400km long phase I of Kachi Canal Project.
Thursday, April-02-2015

Chicken meat price declines by Rs 40 per kg
The price of chicken meat in the last couple of days has declined by Rs40 per kilogram in the city's retail market reportedly due to increase in temperature.
Thursday, April-02-2015

Chinese firms willing to invest in oil and gas sector
Chinese oil and Gas companies have assured Pakistan of investing in conventional as well as shale oil/gas sector.
Thursday, April-02-2015

Renewable energy 1,000MW likely to be added to system by year-end
Pakistan Council of Renewable Energy Technology (PCRET) Wednesday said that 1,000 MW of renewable energy would be added to the system by the end of current calendar year.
Thursday, April-02-2015

Cotton market: volume of business slips as ginners refrain from fresh selling
Volume of business fell on the cotton market on Wednesday as most of the ginners did not show any interest in fresh selling in expectations of further increase in the rates, dealers said.
Thursday, April-02-2015

PYMA flays increase in POL prices
Fluctuation in petroleum products' prices led to chain reaction in various sectors such as travelling, carriage, boilers in factories and dispatch of goods ultimately resulting in increase in freight charges, they added.
Thursday, April-02-2015

People will wear electronic clothing in next 10 years
Former Federal Minister Dr Ata- ur-Rehman on Tuesday said that the world would have electronic clothing in about 10 years as E-textiles sector was developing to provide the customers with unique products to wear.
Thursday, April-02-2015

Asian institute to promote nutrition
Borlaug Institute for South Asia (Bisa) will promote nutrition and livelihood security, as well as environmental rehabilitation in Pakistan, a statement said Tuesday.
Wednesday, April-01-2015

Cotton market: prices rise amid dwindling supplies
The following deals reported: 540 bales of cotton from Rohri sold at Rs 4700, 200 bales from Faqirwali at Rs 5050, 400 bales from Sahiwal at Rs 5150, 600 bales from Mianwali at Rs 5225-5300, 400 bales from Uch Shari at Rs 5275, 400 bales from Burewala, 2000 bales from Alipur, 200 bales from Sadiqabad, 1200 bales from Hasilpur, 600 bales from Rahim Yar Khan all at Rs 5300, 400 bales from Rahim Yar Khan(Conditional) at Rs 5450 and 800 bales from Dera Ghazi Khan at Rs 5300-5375, dealers said.
Wednesday, April-01-2015


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