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Agriculture and Allied: Pakistan


Prime Minister Nawaz Sharif on Tuesday said his government was serving the masses rising above political affiliation with the sole objective of making Pakistan prosperous. Addressing a huge gathering here at Mai Heer Stadium to distribute cheques among farmers under the Rs 341 billion Prime Minister''s Kisan Package, he said his government was proud to have launched one of the largest packages in Pakistan''s history for a large agriculture community, who was the backbone of the national economy.

Punjab Agriculture Department has advised the growers from Barani areas of 'Gram' crop to pay attention towards eradication of weeds as these are growing at a very past face in the fields because of proper moisture but can lead to reduction in the production. Punjab Agriculture Department's spokesman said here Tuesday that majority of the sowing of gram is done in Barani areas especially in Thal. As per statistics, last year Punjab produced 0.42 million tons of grams.
The Punjab Provincial Cooperative Bank Ltd is disbursing Rs 2.5 billion agriculture loans through cooperative societies for sowing and growing Rabi crops 2015-16 including strategic wheat, oil seeds, grams, vegetables, fodder and fruit orchards over twenty million acres of land in the province. President /CEO of the cooperative bank, Muhammad Ayub said that PPCBL would continue to extend agri loans for Rabi crops till 31st December 2015.
National Assembly Standing Committee on Industries and Production on Tuesday portrayed Pakistan Sugar Mills Association (PSMA) as a "powerful cartel" and recommended the government withdraw export subsidy on sugar until mills start selling sugar to the Utility Stores Corporation (USC) at reasonable rates. The panel headed by Asad Umar of PTI also recommended the government to include airbags and Antilock Breaking System(ABS) in automobiles in the lowest slab of customs duty so that local assemblers can fix them in cars to ensure safety of passengers.
On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,289 million. The number of lots traded was 20.16 million. PMEX Commodity Index closed at 2,574. Major business was contributed by gold amounting to PKR 4,113 million followed by silver (PKR 167.57 million) and cotton (PKR 8.57 million).
Finance Minister, Senator Ishaq Dar has approved payment of two months' salaries (August- September 2015) to the employees of Pakistan Steel Mills (PSM). According to official documents, Privatisation Commission (PSM) has sent a summary to the Finance Minister for release of two months' salary.
Pakistan resumed seafood export to the European Union (EU) after hygienic and fisheries handling improved at one of its key facilities at the harbour, officials said on Tuesday. The seafood export was resumed after two months of suspension for poor fisheries handling and hygiene condition at the export-oriented auction halls known as K-I and K-II.


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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