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Agriculture and Allied: Pakistan


Pakistan needs to adopt science-based agriculture at the national level in order to meet the constantly growing food, fiber and fodder demands in Pakistan besides increasing per-acre yield and quality of its agriculture produce. This was the consensus of speakers at the launching ceremony of ISAAA report (ISAAA Brief 46) on global status of Genetically Modified (GM) crops organized by the Pakistan Biotechnology Information Center (PABIC) in collaboration with PABIC Lahore here the other day.

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.003 billion as compared to PKR 1.382 billion registered on Wednesday, up by 44.92 percent The number of lots traded was 11,242 and PMEX Commodity Index closed at 2,985. Major business was contributed by crude oil amounting to PKR 990 million- up 28 percent, followed by gold amounting to PKR 950 million - up 76 percent and silver at PKR 63 million.
Rice Exporters Association of Pakistan (REAP) on Thursday said that the production and exports of rice decreased significantly in the last two years due to the government's act of neglecting research and development (R&D) sector. Speaking at a luncheon ceremony hosted in honour of Citizens-Police Liaison Committee's chief Ahmed Chinoy, the Reap's former chairman Abdurl Raheem Jano, said that the Reap was the second largest association after All Pakistan Textile Mills Association (APTMA) and the rice industry had been playing a vital role in strengthening country's economy.
The exports of fish and fish preparations increased by 5.68 percent during the first month of fiscal year 2014-15 as compared to the same month of last year. According to the latest data released by Pakistan Bureau of Statistics (PBS), the fish exports during July 2014-15 were recorded at $21.246 million against the exports of $20.104 million in July 2013-14.
The water situation has become very serious after sharp drop in flows of four live rivers of the country as summer Monsoon rainfall remained 39 percent below normal Punjab Irrigation canal regulator Eng. M.H. Siddiqui told Business Recorder here on Wednesday.
Engro Corporation on Wednesday announced its First Half (1H) results where strong performance of its fertilizer and commodity trading businesses were kept in check by a challenging business environment in its rice, polymer and food businesses. On a consolidated basis, Engro Corporation recorded a 16 percent increase in revenue from Rs 66,874 million in 1H13 to Rs 77,541 million in the current reporting period.
Top agriculture development organisations of Pakistan and China Wednesday signed a Project Co-operation Agreement for the establishment of Hybrid Rice Research and Development Centre (HRRDC) in Pakistan. The agreement was signed among Pakistan Agricultural Research Council (PARC), Yuian Longping High-Teeh Agriculture Co Ltd (YLHTACL) China and Guard Agricultural Research and Services (Pvt) Limited (GAR&SPL) Lahore.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln