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Agriculture and Allied: Pakistan

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Chairman, Standing Committee on Horticulture and Agriculture Produce, Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ahmad Jawad, has called for preparing a balanced and comprehensive plan to transform the lives of farmers. Speaking at a session on Tuesday, he said that research was important in the agriculture sector as "we have to see how we can make our agriculture more scientific and increase productivity".

The Indus River System Authority (IRSA) has stored 9 MAF water in the Mangla dam, Tarbela dam and Chashma reservoir till 30th June prior to the start of 2015 monsoon season against the total storage capacity of 13.4 MAF water. Sources in Water and Power Development Authority (WAPDA) told Business Recorder that the water regulatory body had stored 2.613 MAF water in the Tarbela dam on the river Indus and 6.284 MAF in the Mangla dam on the river Jhelum and 0.118 MAF in the Chashma reservoir on the mighty Indus.
The manufacturers of cooking oil or vegetable ghee shall be chargeable to 2 percent tax on purchase of locally produced edible oil, reveals Finance Act, 2015 issued on Tuesday. Finance Act 2015 said that after section 148, the following new section shall be inserted, namely:- "148A. Tax on local purchase of cooking oil or vegetable ghee by certain persons.- (i)The manufacturers of cooking oil or vegetable ghee, or both, shall be chargeable to tax at the rate of two percent on purchase of locally produced edible oil.
Sindh High Court (SHC) here on Tuesday issued notice on a petition against delay in payment to a sugarcane grower. Petitioner Ghulam Qadir Jatoi son of Haji Fateh Muhammad, Muslim, Advocate Supreme Court filed a constitutional petition against the province of Sindh, through secretary agricultural. The cane Commissioner of sugar Mills, the managing director, Kiran Sugar mills Limited, Noman village, Dubar Road, district Sukkur, and the general manager Kiran Sugar Mills, Noman village, Dubar Road, district Sukkur, Sindh.
The Department of Food, Khyber Pakhtunkhwa has sought an amount of Rs 2.9 billion as subsidy on flour for financial year 2015-16 to meet total wheat procurement target has been fixed 0.300 million metric tons at the rate of Rs 300 per 40 kilograms. The Department has issued a quantity of 185,162 tons of wheat to subsidise rate to the flour mills for which the Finance Department has released Rs 2.714 billion in the current fiscal year. For the financial year 2015-16, the Department has demanded 2.90 billion, says budget documents.
On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,599 million as compared to PKR 4,838 million on Friday, an increase of 36 percent. The number of lots traded was 29.7 million and PMEX Commodity Index closed at 2,728. Major business was contributed by gold amounting to PKR 4,700 million, a 28 percent increase when compared to Friday. This was followed by crude oil (PKR 1,835 million), silver (PKR 63 million) and cotton (PKR 1.05 million).
Agri Tourism Development Corporation of Pakistan, a private venture working to promote tourism related to agriculture in the country, has established the first research institute of 'agriculture tourism' in Pakistan. Agri-Tourism Development Corporation of Pakistan's Chief Executive Tariq Tanveer told the Business Recorder on Monday that the corporation was founded with an aim to connect people through food, farms and education.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln