Business Recorder

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Agriculture and Allied: Pakistan

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Water and Power Minister Naveed Qamar on Friday acknowledged that shortage of energy in the county "is one of the major impediments to economic growth". Talking to media at a local hotel, after the ground breaking ceremony of 50 MW Three Gorges Wind Farm, being established in Jhimpir, Thatha district.

Kisan Board Pakistan (KBP) has announced to arrange a demonstration on January 1, 2012, to protest against the unavailability of fertilisers, over-billing on agricultural tube wells, diesel price hike, unjustifiable distribution of canal water and excesses of sugar millers against growers.
Apropos a news report '2011 termed worst year for agriculture sector' carried by Business Recorder, on 28th December 2011, the spokesman of Agriculture Department has clarified that supply of agricultural inputs and imposition of RGST on fertiliser are responsibility of Federal Government.
Saudi Arabia will provide $172 million (645 million Riyals) for construction of infrastructure for Malakand region and import of urea fertiliser. This was announced during a signing ceremony of the two agreements worth $172 million held here on Thursday.
The government has allowed export of brown sugar to encourage its production in the country for which Commerce Ministry issued Regulatory Order (SRO) on Thursday. Prime Minister Syed Yousuf Raza Gilani and Economic Co-ordination Committee (ECC) of the Cabinet have already cleared the proposal of Commerce Ministry.
Under the special directives of Senior Federal Minister for Industries, Chaudhry Pervaiz Ellahi, the Utility Stores Corporation (USC) has further decreased the prices of sugar from Rs 52 per kg to Rs 42 per kg giving relief of Rs 10 per kg to its consumers.
The Punjab government has approved the sale of 582,000 tons of wheat at the rate of Rs 950 per maund during January, 2012. This was stated by Senior Advisor to Chief Minister Punjab, Sardar Zulfiqar Ali Khan Khosa while presiding over a meeting, here on Thursday.

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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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