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Agriculture and Allied: Pakistan


Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) is making concerted efforts towards introduction of modern methods to improve crops yield as well as modernisation of agriculture sector in the province. For this purpose, the board has undertaken measures for setting up a modern Date Farming and Processing Unit at D I Khan. A piece of land, measuring 1000 acres has been identified for investors to establish a state-of-the-art processing unit with operational capacity of 50 tons per day.

In order to stop water theft from irrigation channels in Punjab, the Punjab Information Technology Board (PITB) has launched a smart phone application. A pilot project has been initiated in Lahore Irrigation Division to test the application. It was expressed by the PITB Chairman Dr Umar Saif in a meeting on Tuesday. He said that smart monitoring of irrigation water system was a landmark initiative by PITB and Punjab Irrigation Department funded by the World Bank that would help real time data collection with geo-tagged pictorial evidences.
As the federal and provincial governments are taking necessary pre-monsoon flood protection measures, the Indus River System Authority has stopped filling the Tarbela and Mangla dams to keep sufficient space for management of flood water in the rivers Indus and Jhelum during the rainy season. According to 26th May WAPDA report about rivers flows and reservoirs level, the water regulatory body is releasing 15,000 cusecs more water from the Tarbela dam than inflow of 90,000 cusecs to bring down the water level to manageable level.
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 866 million. The numbers of lots traded were 6,997. PMEX Commodity Index closed at 2,749. Major business was contributed by crude oil amounting to PKR 662 million, this was followed by gold (PKR 197 million) and silver (PKR 7million).
USAID Director for Punjab Dr Miles Toder has inaugurated the Pakistan Meat Festival 2015 that brought together livestock producers, meat packers and exporters to discuss business development and marketing in the sector. The US government supported the event through the Agribusiness Project of the American Agency for International Development and the Agribusiness Support Fund.
The 5th edition of Livestock Dairy Fisheries Agriculture Exhibition (LDFA)-2015 will be organised from May 30, 2015 at Expo Centre, Karachi. This was stated by Muhammad Riazuddin Director General, Sindh Board of Investment (SBI) at a press briefing held at SBI office here on Tuesday. He announced that SBI under the vision and guidance of its chairman Dr Asif A Borhi was organising two-day LDFA-2015 at Karachi Expo Centre from May 30, 2015.
A parliamentary penal on Monday recommended the government to ban tractors manufacturing industry not to increase their prices till 2018 and enhanced the target of Pakistan Agriculture Storage and Service Cooperation (PASSCO) in term of procurement. The National Assembly Standing Committee on National Food Security and Research recommended this during a meeting with MNA Malik Shakir Bashir Awan in the chair.


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln