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Agriculture and Allied: Pakistan


During first quarter of current fiscal year (July-September 2014) the banks have disbursed Rs 98.1 billion which is 20 percent of the overall annual target of Rs 500 billion and 38 percent higher than disbursement of Rs 70.8 billion made during the corresponding period last year.

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.734 billion as compared to PKR 2.160 billion registered on Friday, up 26.58 percent. The number of lots traded was 10,974 and PMEX Commodity Index closed at 2,868. Major business was contributed by crude oil amounting to PKR 2.175 billion - up 37 percent, followed by gold amounting to PKR 517 million and silver at PKR 42 million.
Pakistan may not achieve the production targets of major Kharif crops due to devastating floods in various parts of the country especially in Punjab province. An official source said that major Kharif crops including sugarcane, cotton and rice were progressing towards maturity stage. However, the recent floods caused damage to the Kharif crops including rice sown on 16.7 thousand hectares, cotton 64.4 thousands hectares and sugarcane 12.8 thousands hectares, he said.
Fertilizer off-take posted a minimal decline of one percent YoY while production surged by 17 percent YoY during first nine months of this calendar year (9MCY14). According to fertilizer sector off-take figures released by National Fertilizer Development Centre (NFDC) for the month of September 2014, urea production posted a massive decline of 10 percent MoM to 407,000 tons in September 2014 as compared to 451,000 tons in August 2014.
Iskandar M Khan has been elected as Chairman Pakistan Sugar Mills Association (PSMA) for the next term starting from October 2014, says a press release issued here on Tuesday. This would be his third time as Chairman PSMA. His contribution to the sugar industry and the sugarcane growers has been tremendous in the past. He has the competence to deliver much better in the current situation when the sugar industry is faced with multiple problems like excess sugar stock local/global with plunging sugar prices.
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.160 billion. The number of lots traded was 11,740 and PMEX Commodity Index closed at 2,872. Major business was contributed by crude oil amounting to PKR 1.593 billion, followed by gold amounting to PKR 528 million and silver at PKR 40 million.
Small and Medium Enterprises Development Authority (Smeda) has proposed to the government to provide easy finance to the fishermen for the purchase of Euro Standard boats for catching high value fish to enhance export potential in sea food items. Smeda Chief Executive Officer Muhammad Almaghir Chaudhry disclosed this while talking to members of the Lahore Economic Journalists Association here on Monday.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln