Business Recorder

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Agriculture and Allied: Pakistan

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Punjab Provincial Co-operative Bank Limited (PPCBL) has extended the last date for agriculture loan advances for the Rabi crops till February 15, so that maximum number of small farmers could benefit by the loans on soft terms.

Zarai Taraqiati Bank Limited (ZTBL) President Roohi Raees Khan has advised all the zonal chiefs to ensure the provision of all the bank services/products to the farmers at their doorsteps. She was addressing a three-day 'Zonal Chief Conference', held here on Friday, disclose a bank's spokesperson.
The Federal Government is likely to compensate rice millers and traders in Sindh and Balochistan by around Rs 250 million on account of losses incurred by these businesses due to floods. Affected growers and haris were earlier compensated with write-off of loans provided by commercial banks and Zarai Taraqiati Bank (ZTB).
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.

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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 Friday.
BuyingRs 90.40
SellingRs 90.45
All-round decline

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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