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Agriculture and Allied: Pakistan


Women Chamber of Commerce and Industry (WCCI) Peshawar, and Royal Chamber Gallery (RCG), singed an MoU, aiming at to jointly promote Gems and Jewellery industry and hold Gems show in the provincial capital Peshawar.

Keeping in view dry weather condition in most of irrigated agriculture plains in the country, farmers should schedule first irrigation plans to water the sowed wheat crop. The Met Office in its weather advisory said the normal first irrigation should take place within 25 days of wheat sowing. It said wheat farming was in progress in most of the irrigated areas.
With slight increase in the prices of few essential kitchen items, prices of majority of the food items remained stable last week as compared to the preceding week, reveals a survey conducted by Business Recorder on Saturday.
Sale of dry fruits has declined during the current month due to high prices, making it beyond the reach of the common man. According to shopkeepers, winter is the peak season for dried fruit sellers and around 70 percent of the annual sales take place during this season. Every year in the winter season, consumers used to throng to wholesale and retail markets to buy dry fruits, but this year the buying activities at wholesale and retail markets were remained low.
During current fiscal year (July-October 2014) banks disbursed Rs 128.1 billion which is 25.6 percent of the overall annual target of Rs 500 billion and 40.4 percent higher than disbursement of Rs 91.2 billion made during the corresponding period last year. The outstanding portfolio of agri loans has increased by Rs 32.0 billion, ie, from Rs 267.4 billion to Rs 299.4 billion at end-October 2014 as compared to same period last year.
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.16 billion and the number of lots traded was 8,622. PMEX Commodity Index closed at 2,783. Major business was contributed by crude oil amounting to PKR 1.17 billion followed by gold (PKR 945 million) and silver (PKR 40 million).
Sustainable Agriculture Action Group (SAAG) strongly opposes the process that federal government followed to approve the proposed Seed Amendment Bill 2014 and Plant Breeders' Rights Act. In a press conference held here on Friday, representatives from farmers' network and civil society argued against certain provisions of the amendment bill 2014 particularly those related to seed breeding.


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln