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Agriculture and Allied: Pakistan


ImagePakistan and France Thursday agreed to explore possibilities for collaboration and strengthen bilateral trade in agriculture sector. The issue of bilateral trade relations came up to discussion during the meeting of Ambassador of France for Pakistan, Philippe Thiebaud with Federal Minister for National Food Security and Research (NFSR), Sikandar Hayat Khan Bosan.

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.542 billion as compared to PKR 1.783 billion registered on Wednesday, up 42.57 percent. Number of lots traded was 13,109 and PMEX Commodity Index closed at 3,070. Major business was contributed by crude oil amounting to PKR 1.780 billion up by 82 percent followed by gold amounting to PKR 716 million and silver at PKR 46 million.
Pakistan's rice exports during June-2014 registered a decrease of 8.44 per cent as compared to May-2014. Export figures released by Pakistan Bureau of Statistics (PBS) indicated that Pakistan has exported rice worth US $149million down by US $13.75m ie 8.44 per cent and in terms of volume, the country's export of rice went down by 5, 792 metric tons ie 2.3 percent to 248, 789 metric tons, last month.
The current monsoon rains are likely to boost major Kharif crop production including sugarcane and cotton. Agriculture experts and officials Ministry of National Food Security and Research (NFS&R), while talking to Business Recorder, stated that recent normal rains would bring a positive impact on Kharif crop including sugarcane, maize and cotton.
Balochistan government led by a nationalist party has been accused of trying to award Reko Diq goldmine exploration project to a blacklisted company which is now said to be operating under a different name. Hafiz Hamudullah, a senator of Jamiat Ulem-e-Islam-Fazal from Balochistan, made this accusation and added that he had already drawn the attention of the Upper House of Parliament to the issue by moving a motion that some responsible people of the provincial government have held a secret meeting with the company representatives in London.
Raza Mehmood Khursand, Chairman Pakistan Poultry Association, has said the poultry sector is one of the most organised branches of the agro-based sector of Pakistan. In a press statement issued here on Thursday, Khursand said poultry sector had been serving the nation since 1962 and providing affordable poultry products to the masses to fulfil the requirements of animal protein.
Pakistan's fisheries export posted a $49.82 million increase hitting historic high of $367.472 million in the outgoing fiscal year 2013-14, but exporters see the growth as 'unsubstantial' to underpin the economy. During fiscal year 2012-13, the country's seafood export stood at $317.652 million. It grew by 16 percent in the outgoing fiscal year 2013-14. However, exporters attributed the growth to export of 'too much' trash fish for chicken meal industries to China.


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln