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Agriculture and Allied: Pakistan


Water level has increased in River Indus near Jatoi in Muzaffargarh due to which a protection bund in Village Rampur swept away which caused the inundation of Mukhtar Mai village Mirwala, Mouchiwala and Basti Manzoor Ahmed Mastoi. DCO Muzaffargarh Hafiz Shaukat Ali said that rescue teams were sent to evacuate the marooned people. He said that every possible help is being provided to the flood affectees.

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has appreciated the Punjab government for setting aside of Rs 5 billion in the budget 2015-16 for providing subsidy on 25,000 tractors. PAAPAM members who have seen drop in tractor sales in the last two years due to economic hardships of the farmers also appreciated the Sindh government for announcing subsidy on 29,089 tractors in the provincial budget, PAAPAM Senior Vice Chairman Mumshad Ali said in a statement here on Thursday.
Fauji Fertiliser Company (FFC) calculated its consolidated earnings for the first half of calendar year 2015 (1H2015) at Rs 8.8 billion compared to Rs 8.1 billion the company had declared for 1H2014. With this earning, the FFC's earning per share (EPS) comes out to Rs 6.9 as against Rs 6.4 of the same period of last year.
On Wednesday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 12,209 million as compared to PKR 5,157 million reported on Tuesday, an increase of 137 percent. The number of lots traded increased to 33.95 million from 26.46 million. PMEX Commodity Index closed at 2,573. Major business was contributed by gold mounting to PKR 9,491 million. This was followed by crude oil (PKR 2,686 million) and silver (PKR 31.87 million).
Chief Executive Officer (CEO), Pakistan Steel Mills (PSM) Major General Zaheer Ahmad Khan (retired) has reportedly expressed his dissent on prevailing trend of selling PSM''s precious land without its consent, well informed sources told Business Recorder. Giving the background, the sources said, the ECC had approved a summary in its meeting held on February 01, 2007 for allotment of 930 acres undeveloped land of Pakistan Steel to National Industrial Parks Management a Development Company (NIP) for developing an industrial park.
Pakistan suffered $20 million slump on account of seafood export during the just ended fiscal year 2014-15, falling down to $349.557 million in the wake of irregular and excessive hunting of fish and shrimp species. The country's seafood export failed to be closer to $369.458 million mark of the fiscal year 2013-14. The Sindh Fisheries Department and concerned provincial authorities are to be blamed for the decline and failure to augment it to a new high probably to $400 million.
The Kisan Board Pakistan (KBP) is organising a three-day seminar on "prosperous farmer - prosperous Pakistan on Thursday (today), where strategy for a long march will also be finalised to press the government for acceptance of farmers' demands. KBP Information Secretary Haji Muhammad Ramzan said on Wednesday that Jamaat-e-Islami Ameer Sirajul Haq, General Secretary Liaquat Baloch and Punjab Ameer Doctor Waseem would be addressed this seminar also.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln