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Agriculture and Allied: Pakistan


The State Bank of Pakistan Thursday announced concessional refinance scheme of Rs 10 billion for the revival of economic activities and to facilitate the flow of fresh credit in the flood-affected areas as reported by the National Disaster Management Authority (NDMA). Under the scheme, a mark-up of 8 percent per annum will be charged from the farmers and Small & Medium Enterprises (SMEs) of affected areas by banks against their financing for production/working capital loans/advances.

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.327 billion as compared to PKR 2.697 billion reported on Tuesday, an increase of 23 percent. The number of lots traded was 15,651 and PMEX Commodity Index closed at 2,854. Major business was contributed by crude oil amounting to PKR 2.583 billion - up by 38 percent, followed by gold (PKR 608 million) and silver (PKR 136 million).
Although export of Kinnow is likely to touch 0.25 million tons in the coming season which will start from December 1, 2014 there is need to adopt modern techniques which could enhance its export manifold. It has the potential of becoming country's number one fruit in export because of its size and flavour and demand in high ends markets.
Pakistan's first Rice Bran Oil (RBO) manufacturing unit will start production in December this year, aiming to add value to secondary agriculture products. Rice bran is an incredible source of vitamins, minerals, amino acids, essential fatty acids and antioxidant nutrients that help fight disease and promote good health. Pakistan is one of the largest consumers of edible oil and the consumption of oil stands around 3.3 million tons annually, while per capita consumption of oil stand at around 19 kilogram per annum.
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.697 billion. The number of lots traded was 12,790 and PMEX Commodity Index closed at 2,876. Major business was contributed by crude oil amounting to PKR 1.874 billion, followed by gold amounting to PKR 718 million and silver at PKR 105 million.
Punjab Agriculture department (PAD) has evolved a three-year vegetable enhancement plan which will be carried out in 18 districts including Sialkot. In Sialkot district the work on vegetable enhancement programme has been initiated and under this programme suitable sites for developing 18 plots had been identified out of which ten pots will be used for potato cultivation while garlic crop would be sown on eight plots.
A leading cigarette manufacturing company contributed Rs 55.8 billion to the exchequer in the form of duties and taxes during January-September 2014, which is up 23 percent as compared to the same period last year. It is learnt on Wednesday that Pakistan Tobacco Company has announced its results for the 3rd quarter of 2014, declaring net turnover of Rs 27.6 billion, an after tax profit of Rs 4.096 billion and an earnings per share of Rs 16.03. The company has also declared an interim dividend of Rs 3.


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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
WeeklyOctober 23, 2014
Reserves $13.465 bln