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Agriculture and Allied: Pakistan


State Bank of Pakistan on Wednesday issued guidelines on value chain contract farmer financing to encourage banks to extend credit to small and marginalized farmers by leveraging on the strengths of inter-relationships that exist in the agriculture value chain. According to SBP, these guidelines will serve as basis for banks to develop a mutually beneficial relationship between banks, farmers and the value chain agent.

Finance Minister Senator Ishaq Dar had a luncheon meeting with Ambassador Robin Raphel here on Wednesday. During the meeting there was detailed discussion on the Diamer Bhasha with particular focus on generating much-needed finances for the project. The Minister also apprised Robin Raphael of modalities of the Pakistan-US Business Opportunities conference, saying it would be held as scheduled on October 8.
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 6.917 billion as compared to PKR 3.763 billion registered on Tuesday, up 83.81 percent. The number of lots traded was 23,630 and PMEX Commodity Index closed at 2,876. Major business was contributed by crude oil amounting to PKR 5.736 billion - up 99 percent, followed by gold amounting to PKR 1.032 billion - up 31 percent and silver at PKR 149 million - up 55 percent.
The Bakra Mandi of Rawalpindi/Islamabad and at other notable markets are packed with herds of goats, sheep and cows but due to the high prices people face difficulty in purchasing sacrificial animals, a survey carried out by Business Recorder revealed.
Federal Minister for Finance, Senator Muhammad Ishaq Dar here on Tuesday chaired a detailed briefing session on the proposed Diamer Bhasha hydropower project. Chairman WAPDA, Zafar Mehmood gave a detailed presentation and apprised the minister about various specifications of the project and the strategy to raise finances for its construction.
Javed Kayani has been elected as Pakistan Sugar Mills Association (PSMA) Punjab Zone chairman unanimously for the year 2014-16 here at the Annual General Meeting (AGM) of the Association. Others who were elected as PSMA (Punjab Zone) executive members include Muhammad Aslam and Muhammad Shakeel. While Ikram-ul-Haq will represent PSMA Punjab Zone in the Central Executive Committee of the Association.
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 3.763 billion. The number of lots traded was 15,166 and PMEX Commodity Index closed at 2,945. Major business was contributed by crude oil amounting to PKR 2.879 billion, followed by gold amounting to PKR 788 million and silver at PKR 96 million.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln