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Agriculture and Allied: Pakistan


Federal Minister for National Food Security and Research (MNFS&R) Sikandar Hayat Khan Bosan said here on Friday that the prices of DAP fertilisers will be decreased by Rs 500 per bag and Urea by Rs 145 per bag within the next two or three days. Speaking at a meeting of Senate''s Standing Committee on National Food Security and Research, he said that the urea price was increased by Rs 160 per bag following increase in gas prices in September.

On the directive of the Prime Minister of Pakistan, a consultative session of water-sector stakeholders was organised by the Pakistan Water and Power Development Authority (Wapda) the Thursday at Islamabad to discuss the issues relating to water security. This was the second consultative session, following one in Lahore, for detailed deliberations about broad parameters of water security in Pakistan.
Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) and domestic tractor industry have rejected the government's proposal for import of second hand tractors, Chairman Paapam Engineer Mumshad Ali told Business Recorder here on Friday. He said the Senate Standing Committee on National Food Security and Research held a meeting on Friday to deliberate upon checking the quality and standard of the locally made tractors.
The Kissan Raaj Tehreek (KRT) of Kissan Board Pakistan (KBP) on Friday staged a protest near D-Chowk and demanded of the government to fix support price of major crops and ensure provision of electricity at flat rate to agricultural tube wells. A large number of farmer's representatives from different districts of the Punjab took part in the protest. The protesters were holding placard and banners inscribed with slogans, urged the government to provide relief to the farmer community.
On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,516 million as compared to PKR 4,225 million reported on Wednesday, an increase of 54 percent. The number of lots traded also increased by 87 percent to 40 million from 21.44 million. PMEX Commodity Index closed at 2,572. Major business was contributed by gold amounting to PKR 5,684 million, a 79 percent increase when compared to the previous trading day. This was followed by crude oil (PKR 651.79 million), silver (PKR 177.26 million) and cotton (PKR 3.23 million).
The country's gold import skyrocketed by 220.70 percent in July-August 2015 to $4.368 million, official statistics say. The gold import is higher by $3.006 million in July-August 2015-16 from $1.362 million in July-August 2014-15, according to Pakistan Bureau of statistics. In term of volume, gold import went up by 283 percent or 88 kilograms to 119 kilograms in July-August 2015-16 from 31 kilograms in July-August 2014-15.
Sindh government has no objection to the so-far-disputed privatisation of Pakistan Steel Mills (PSM) if the federation safeguards the interest of labourers. The apparently flexible statement came from Finance Minister Syed Murad Ali Shah during the German Unity day celebrated by German Consulate here Monday. "Only if it safeguards the interest of labourers," Shah told Business Recorder on the sidelines of the event.


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln