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Agriculture and Allied: Pakistan


China Development Bank has agreed to sponsor an awareness conference for prospective investors for the construction of the 4,500MW Diamer Bhasha Dam. This transpired during Finance Minister Ishaq Dar''s meeting with Executive Vice President of China Development Bank Zhao Xiaoyu in Beijing. The minister said there is potential in energy, power, mining, agriculture and infrastructure sectors and the Bank would reap further dividends if it teamed up to develop these potentials.

Prices of most of the essential kitchen items remained stable last week as compared to the preceding week, reveals a survey conducted by Business Recorder on Saturday. The survey noted that prices of some daily used perishable and non-perishable food items remain unchanged during the period under review as tomatoes were being sold at Rs 60-70 per kg, potatoes were available at 70-80 per kg, onions at Rs 40-50 per kg, milk Fresh at Rs 85-90 per liter, curd at Rs 100 per kg, vegetable ghee loose Rs 160-165 per kg, rice basmati at Rs 80-140 per kg, green chili at Rs 75 -80 per kg.
District administration has red-handedly caught a huge stock of dead meat being supplied at Ring Road Badami Bagh. The dead meat includes meat of dead donkeys and dead horses besides buffaloes, which is supplied across the city. A number of dead animals have also been taken into custody and two accused persons have also been detained.
Khyber Pakhtunkhwa Chief Minister Pervez Khattak on Friday announced waiving off the Abiyana of the hailstorm affected growers in all districts of the province. He made this announcement on the floor of the Khyber Pakhtunkhwa provincial Assembly while responding to the call attention notice of Gohar Ali Shah of the ANP during proceeding of the assembly.
Pakistan Sugar Mills Association (PSMA) Punjab Chairman Javed Kayani has strongly condemned the allegations that sugar sector is involved in tax evasion. In a statement issued here on Friday, he explained that FBR for the last two years has invoked the provision of Section 40-B of the Sales Tax Act, which empowers the inland revenue officer to monitor production, sale of goods and stocks at the sugar mills.
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.933 billion as compared to PKR 3.32 billion reported on Wednesday, an increase of 18.24 percent. The number of lots traded was 15,226 and PMEX Commodity Index closed at 2,856. Major business was contributed by crude oil amounting to PKR 2.947 billion, an increase of 14 percent when compared to the previous trading day. This was followed by gold at PKR 919 million - up 51 percent and silver at PKR 67 million.
The State Bank of Pakistan Thursday announced concessional refinance scheme of Rs 10 billion for the revival of economic activities and to facilitate the flow of fresh credit in the flood-affected areas as reported by the National Disaster Management Authority (NDMA). Under the scheme, a mark-up of 8 percent per annum will be charged from the farmers and Small & Medium Enterprises (SMEs) of affected areas by banks against their financing for production/working capital loans/advances.


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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 23, 2014
Reserves $13.465 bln