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Agriculture and Allied: Pakistan


Widespread rains associated with gusty winds on Thursday and Friday in Khyber Pakhtunkhwa, Islamabad, Punjab, Kashmir, Gilgit-Baltistan, north-east Balochistan and upper Sindh have damaged the standing wheat, grams, oilseeds and other strategic Rabi crops.

Microfinance institutions can assist the 60 million Pakistanis living below the poverty line by facilitating them with small term loans to set up their own businesses, ranging from agriculture to small grocery shops. This was stated by Mudassar Aqil, CEO FINCA Microfinance Bank Ltd, while delivering a keynote speech about 'Financing Pakistan's Future through Innovation' at a function held here on Friday.
Denmark showing keen interest in supporting the development of agricultural sector of Punjab province assured to provide guidance especially for potato crop and initially Danish potato seeds would be sown in the University of Agriculture Faisalabad (UAF) on experimental basis.
Hundreds of peasants, human rights activists and civil society jointly organised a rally to mark the International Peasants' Struggle Day Friday. They demanded that their rights be protected and support price of wheat be reviewed keeping in view the prices of agricultural inputs and utility tariff.
Agri Forum Pakistan (AFP) has expressed its apprehension that the government would fail in achieving its wheat procurement target both in the provinces and by the federal procurement agency because of offer of higher rates than official support price by the private sector.
Under the directions of Punjab Government, the rights of the wheat farmer would be protected at all cost besides providing them all necessary facilities at the wheat procurement centres. The entire administrative machinery would mobilise for the monitoring of the wheat procurement centres to make the wheat procurement drive transparent.
On Friday at Pakistan Mercantile Exchange (PMEX) the value traded was PKR 1,826 million. The numbers of lots traded were 7,867 and PMEX Commodity Index closed at 2,987. Major business was contributed by crude oil amounting to PKR 1,128 million, followed by gold (PKR 678 million) and silver (PKR 19 million). It is necessary to mention that the data is from 04:00 pm Thursday to 02:00 am Friday due to Good Friday holiday. Trading summary of PMEX was not received on Friday.


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln