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Agriculture and Allied: Pakistan


The federal government and provinces on Wednesday weighed various options to protect the agriculture sector from declining prices of agriculture products in the international market. An official said that a consultative meeting on agriculture products and Basmati rice was held on Wednesday with Prime Minister Nawaz Sharif in the chair and various options were discussed during the meeting.

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,006 million as compared to PKR 5,812 million reported on Monday, an increase of 3.3 percent. The number of lots traded also increased to 17.09 million from 7.32 million. PMEX Commodity Index closed at 2,509. Major business was contributed by gold amounting to PKR 3,349 million. This was followed by crude oil (PKR 2,631 million), silver (PKR 24.69 million) and cotton (PKR 1.30 million).
Punjab Agriculture Department, Extension Wing will provide free of cost high yielding and rust resistant wheat seed to farmers for wheat crop 2015-16 in all the 23,890 villages of the province. The department has asked the growers to apply to enjoy this facility till September 30, as progressive growers will be provided 200 kilograms of this seed for 4 acres of land free of cost in first week of October through balloting in a transparent manner.
Pakistan Horticulture Development and Export Company (PHDEC) has decided to set up E-beam plants, establishing latest laboratories to suggest balanced use of fertiliser to enhance fruits and vegetable productions in the country. Co-operation from all the agricultural universities and academia will also be sought in this connection and efforts are aimed at enhancing production and exports of fresh fruits and vegetables from Pakistan.
The Economic Co-ordination Committee (ECC) of the Cabinet is likely to consider a bailout package of Rs 4.2 billion for Pakistan Steel Mills (PSM) today (Thursday). Sources said that a meeting of the ECC has been convened to consider import of urea fertiliser for Kharif season (April-September 2015). An official said that the meeting would also consider a bailout package of Rs 4.2 billion for PSM for raw material and employees'' salaries for June-September 2015.
Punjab Halal Development Agency (PHDA) and US Agency for International Development (USAID) funded Punjab Enabling Environment Project (PEEP) jointly launched a training programme for butchers and other slaughtering associates. More than 500 persons will be trained as per Shariah laws. These trainings will educate the butchers about authentic Islamic knowledge on Halal and Tayyab (hygiene) principles.
Unabated overfishing continues to scale down the country's seafood catch resulting in a sharp fall in its export by over 17 percent to $17.588 million in July 2015. Pakistan continues to suffer $3.613 million loss in July - a first month of the new fiscal year 2015-16 as compared to the seafood export of $21.201 million in July 2014-15, according to Pakistan Bureau of Statistics.


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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