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Agriculture and Allied: Pakistan

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It's become conventional wisdom that the commodities boom is over, and while the era of rising prices is gone, figures from the Australian government suggest the surge in volumes is well under way. Exports of iron ore will jump 22.5 percent between the 2014-15 fiscal year and 2019-20, while liquefied natural gas (LNG) shipments will triple, according to the latest quarterly report from official forecaster, the Department of Industry.

The Economic Co-ordination Committee (ECC) of the Cabinet has lifted ban on import of wheat products and enhanced Regulatory Duty (RD) from 20 to 25 per cent on wheat and wheat products to support the local market as well as to allay the concerns of World Trade Organisation (WTO) regarding complete ban on import of wheat products.
Prices of most of the essential kitchen items, especially vegetable, have witnessed reduction last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. Traders and wholesalers in different markets of the twin cities of Rawalpindi/Islamabad told Business Recorder that the prices of almost entire range of essential kitchen items especially vegetable have gone down during the week under review, while the prices of fruits increased.
"We must put greater emphasis on the development of value-added products and expands Pakistan's competitiveness in food and agricultural value chains," said the Chairman of Standing Committee on Horticulture & Agriculture Produce of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ahmad Jawad.
The Federal Board of Revenue (FBR) has imposed 12.5 percent regulatory duty on the import of tubes, pipes and hollow profiles, of cast iron, tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel and flat-rolled products of iron or non- alloy steel with (width of 600 mm or more). In this regard, the FBR has amended S.R.O.568(I)/2014 dated 26th June, 2014 through an S.R.O. 246 (I)/2015 here on Friday.
ImageChairperson Benazir Income Support Programme (BISP), Marvi Memon on Friday inaugurated an Agriculture Bank separate branch for women at Gahkuch district headquarters. While addressing the inaugural ceremony, she said steps were being taken to make the BISP programme more oriented and transparent.
The technical committee of Indus River System Authority (Irsa) comprising senior provincial technical representatives and meteorological experts has assessed there would be no shortage of water for sowing and maturing the Kharif crops 2015 across the country.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln