05262016Thu
Last update: Thu, 26 May 2016 09pm

Agriculture and Allied: Pakistan

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The Supreme Court on Wednesday sought by May 26 (today) a written reply from the federation over legality of Prime Minister''s ''Kisan Package'' notification. Heading a two-member bench, Justice Ejaz Afzal Khan resumed the hearing of an appeal of federal government challenging Peshawar High Court verdict that had accepted the plea of a phosphate company, Agritech Limited, and others in a subsidy matter.
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,909 million and the number of lots traded was 11,366. PMEX Commodity Index closed at 2,821. Major business was contributed by gold amounting to PKR 2,895 million followed by currencies through COTS PKR 2,394 million, crude PKR 561.12 million, silver PKR 81.18 million and cotton PKR 3.95 million.
Pakistan has 15.44 million hectares of suitable area for olive cultivation located in Punjab, Khyber Pakhtunkhawa, Balochistan and FATA. Pakistan has potential for its production as well as extraction of olive oil for consumption.
Punjab Economic Research Institute (PERI) of Planning & Development Department in collaboration with Italian Government & Pakistan Agriculture Research Council (PARC) launched a study report titled "Market Analysis for Value Chain & Olive Oil Consumption in Pakistan" on Wednesday at Lahore.
As the sowing of strategic Kharif crops is in full swing, the Indus River System Authority (IRSA) is releasing 280,000 cusecs water in the sprawling canal irrigation network in Punjab, KPK, Sindh and Balochistan. Of this the Punjab Irrigation department is getting 122,500 cusecs water (Indus zone 44,700 cusecs and Mangla zone 77,800 cusecs) for sowing of cotton, rice, vegetables, maize, vegetables, fodder for livestock and watering of fruit orchards in the province.
On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,676 million and the number of lots traded was 10,691. PMEX Commodity Index closed at 2,816. Major business was contributed by gold amounting to PKR 2,615 million followed by currencies through COTS PKR 1,266 million, crude PKR 712.53 million and silver PKR 81.18 million.
The country's pulses import soared to $485.055 million in July-April 2015-16, up by huge 51 percent, official figures say. The pulses import bill rise stands at $163.035 million in July-April 2015-16 as compared to the commodity's import of $322.020 million in July-April 2014-15, Pakistan Bureau of Statistics shows. Pulses import volume surged by 55.13 percent or 241, 245 metric tons to 760,300 metric tons in July-April 2015-16 from 519,055 metric tons in July-April 2014-15.