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Agriculture and Allied: Pakistan


On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.277 billion. The number of lots traded was 18,975. PMEX Commodity Index closed at 2,519. Major business was contributed by crude oil amounting to PKR 1.708 billion followed by gold (PKR 438 million) and silver (PKR 130 million).

The Federal Board of Revenue (FBR) has imposed 25 percent regulatory duty on import of wheat, wheat flour, maida and semolina. In this regard, the FBR has issued S.R.O.254 (I)/2015 here on Tuesday.
Chief Minister Shahbaz Sharif has announced that the wheat procurement campaign 2015 will be launched at the end of April in the province and gunny bags will be distributed among growers in accordance with the settled policy.
President Mamnoon Hussain on Tuesday said the apprehension of current trends, use of the latest technology and keeping in view market demands, were the prerequisite to realise the true potential of trade. He was addressing the seventh Export Trophy function of the Rice Exporters Association of Pakistan (Reap) here.
Pakistan Steel Mills (PSM) has made its Formed Section plant active after being dormant for more than 20 years. The last time it provided W-Section or Guard Rail for Motorway Project from Lahore to Islamabad. The subject plant has capacity of producing 100,000MTN of Formed Sections in various shapes and sizes.
Chief Minister's Special Assistant for Livestock Chaudhry Muhammad Arshad has told livestock farmers, especially sheep farmers, to get their animals vaccinated to save them from the chicken pox. In a statement issued on Tuesday he warned of the greater chance of the pox attack in April, urging farmers to ensure vaccination for safety against this disease and advised them to contact the livestock department's free helpline in case they needed guidance or information.
Rainfall with hailstorm and strong winds forecast for the next two months will not only delay wheat harvesting but also badly affect quality of the commodity, said agriculture and weather experts.


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln