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Agriculture and Allied: Pakistan


Night-time temperature in agriculture plains of the country is expected to drop by maximum two degree centigrade till Dec1, Met Office has said. However, daytime temperature is expected to be normal in the plains, the office said, asking the farmers to cultivate winter vegetables on time to utilise existing soil moisture for an improved yield.

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3.57 billion. The number of lots traded was 19.79 million. PMEX Commodity Index closed at 2,570. Major business was contributed by gold amounting to PKR 3.47 billion followed by silver (PKR 97.02 million) and cotton (PKR 2.91 million).
Sixteen sugar mills across the country have availed illegal zero-rating facility and rebate on local supply of sugar under S.R.O. 77(I)/2013 by showing fake exports to Afghanistan, causing revenue loss to the tune of millions. Sources told Business Recorder here on Monday that the Directorate General of Internal Audit (Inland Revenue) Federal Board of Revenue (FBR) has detected the cases of fake exports and requested the FBR to grant approval for audit of these sugar mills under Sales Tax Act, 1990 and Federal Excise Act, 2005.
Pakistan Flour Mills Association (PFMA) has urged the federal government to fix uniform wheat price across the country to stabilise domestic market and help flour millers plan export of wheat products in a better way. They urged the federal government to play its role in getting import duty withdrawn on wheat and wheat products which was imposed by the Afghan government so that Pakistani products become more competitive in the Afghan market.
Sindh Food Department during past two fiscal years had purchased a record amount of 1,574,000 tons of wheat from the local farmers at the special support rates fixed by the government, said Provincial Minister Manzoor Hussain Wassan here Monday. Talking to media persons, he said wheat collected at local godowns during 2013-14 and 2014-15 consecutively was a record in itself as never before such a huge amount of the staple crop could be collected by any of the government in previous years.
Reference is made to a news item entitled "Ex-PSM chief Qayyum, others to quiz management" carried in Daily Business Recorder, Karachi, dated: 22.11.2015. The spokesman PSM clarified that the mill was revived at 65% CAPU on 12th March 2015, but Gas was disrupted next day affecting many plants and momentum to achieve 65% or higher capacity in March 2015.
The business community of southern Punjab has proposed to the government to develop a policy to attract the country's middle-class to engage in backyard farming. They said that the US govt has been protecting farmers against unpredictable hardships such as bad weather since the 1930s, when drought and the great depression devastated the nation's agriculture industry.


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln