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Agriculture and Allied: Pakistan


Kisan Raaj Movement of KBP is going to stage a sit-in on Sunday (today) in Gujranwala to press the government for increasing the paddy prices. KBP Secretary Information Haji Muhammad Ramzan said that if their demands will not be accepted then they would hold a long march towards Islamabad on October 05.

Pakistan's import of pulses increased by over 48 percent to US 41.831 million dollars in the first month of current fiscal year 2015-16, Pakistan Bureau of Statistics (PBS) revealed. Growth in pulses import now stands at US 13.63 million dollars in July 2015 as compared to the commodity's import of US 28.201 million dollars in July 2014-15, PBS mentioned.
Pakistan Mango Festival was held in Ankara which attracted a large of number Turk families. A large number of Turks had a firsthand experience of the taste, juiciness and aroma of the famous Pakistani mango varieties as they converged at Pakistan House in Ankara to feast on a wide spread of mango delights made out of freshly-arrived mangoes from Pakistan.
The International Maize and Wheat Improvement Centre (CIMMYT, INT) would establish Borlaug Institute for South Asia-Pakistan (BISA-P) in National Agriculture Research Centre (NARC) to further promote research agriculture research activities in the country. CIMMYT Director General, Dr Martin Kropff, who just concluded his Pakistan visit had conducted detailed meetings with Minister of National Food Security and Research, Sikandar Hayat Khan Bosan, Secretary of the ministry, Seerat Asghar, senior management of Pakistan Agricultural Research Council (PARC) and agriculture scientists during which the concept of establishing BISA-P was further strengthen.
All candidates for Managing Committee Members of Rice Exporters Association of Pakistan (REAP) have been elected unopposed in the Annual Elections for the year 2015-17. Abdul Latif Piracha, Nadeem Polani, Inder Lal and Abdul Rauf Shivani have been elected Members Managing Committee of REAP from Karachi for South Zone Corporate Class.
On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,070 million as compared to PKR 5,769 million reported on Wednesday, an increase of 5 percent. The number of lots traded was 23.06 million. PMEX Commodity Index closed at 2,465. Major business was contributed by gold amounting to PKR 3,915 million, a 64 percent increase when compared to the previous trading day. This was followed by crude oil (PKR 1,947 million), silver (PKR 205.52 million) and cotton (PKR 2.94 million).
Ministry of Petroleum and Natural Resources is reportedly in no mood to restore gas supply to Pakistan Steel Mills (PSM) until acceptable payment is agreed with the SSGC, well informed sources told Business Recorder. Chief Executive Officer, PSM, Major General Zaheer Ahmad Khan (retired) met with the Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi on August 21, 2015 and requested him to restore gas supply but the decision is yet to be implemented.


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln