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Agriculture and Allied: Pakistan

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Punjab Chief Minister Muhammad Shahbaz Sharif has said that agriculture is the backbone of our economy, and Punjab government was taking concrete measures for promotion of agriculture and farmers' problems would be resolved on priority basis.

Kisan Board Pakistan (KBP) Central President, Sardar Zafar Hussain Khan reacting to provincial budgets announced by the Punjab and Sindh alleged that the provincial governments have totally neglected the farmers' community. He said that the Punjab government provided subsidy on electricity tariff for agricultural tube wells in the past which provided a much required relief to the growers but withdrawal of subsidy in new budget would multiply the hardships of the farmers.
To ensure sufficient availability of wheat stock and meet requirement of the commodity, the Pakistan Tehrik-e-Insaf-led government has allocated for Rs 2.5 billion for subsidy and procurement of wheat in the province. For next year 2013-14, KP government has planned to procure 400,000 tons of wheat to store, against the 300,000 tons procured in current year 2012-13, to meet fulfil exact requirements of this commodity and food grain in the province, according to official sources said.
Vegetables and fruits prices have started climbing as retailers feared that onion and tomato may become dearer in coming days. They said that consumption of onion, green chili, tomato, potato and fruits increased and alleged that the people had started hoarding of onion to make money.
Pakistan Gems and Jewellery Development Company (PGJDC) has announced to organise Pakistan International Gems and Jewellery Exhibition 2013 (PIGJE) in Karachi from September 26 to 29. The announcement was made by Bakhtiar Khan, CEO of PGJDC while addressing a press conference held here at a local hotel on Wednesday. Abdul Razaq Mansa, Director PGJDC, Mutiullah Sheikh and others were also present on the occasion.
The appointment of two directors of Pakistan Steel Mills (PSM) has been scrapped in light of a recent decision of Supreme Court in which all appointments, transfers and postings made by the caretaker government were declared null and void.
The government is not mandated to control poultry prices under the Profiteering and Hoarding Act 1977 and any kind of intervention in this regard would prove a disaster for the poultry sector. This was stated by spokesman of Pakistan Poultry Association (PPA) Abdul Maroof Siddiqui in a press statement, here on Wednesday.

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln