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Revision of prices urged for cotton, wheat & cane KHANPUR: Agri-Forum Pakistan, Punjab president Ch Ahmed Ali has urged the government to revise support prices of important crops such as sugarcane, cotton and wheat so that growers get due incentives and fair returns from the market.Talking to reporters here on Thursday,he urged the government to buy 3 million bales of cotton through TCP,saying that this would stabilise the prices of cotton and farmers would be saved from losses.He suggested per maund support prices as--Rs 1500 for wheat, Rs250 for sugarcane and Rs4000 for cotton. "In the past few years prices of fertilisers, seeds, agri implements as well as diesel have increased markedly", he said, adding that prices be revised considering the ground facts.He also demanded fair distribution of canal water, check on fake fertilizers as well as action against corrupt officials of the irrigation department.Copyright APP (Associated Press of Pakistan), 2014 ...

Farmers asked to be vigilant against cotton bugs MULTAN: Agriculture experts have advised growers to be vigilant of dusky cotton and red cotton bugs and asked them to consult experts for their in timely control in the cotton belt, particularly from September to November.Timely control on the two bugs is vital to get enhanced production of good quality cotton, agriculture department said in a statement. The bugs not only suck juice from flowers and bolls but also leave dark spots on lint compromising ...
FPCCI warns against implications of civil disobedience call KARACHI: Federation of Chamber of Commerce and Industry (FPCCI) is against any call made for civil disobedience as it can have its severe implications on the national economy with direct bearing on the lives of citizens themselves.FPCCI President, Zakaria Usman in a statement on Monday said any attempt to encourage citizens from not paying their utility bills and taxes or asking them to keep on hold their business would further compromise the economy.He said the ...
FPCCI President calls for revival of American GSP status for Pakistan KARACHI: President FPCCI, Zakaria Usman Friday called for the revival of American GSP status to Pakistan; realizing that Pakistan has been playing a front-line role in the war against terrorism and facing serious social and economic problems." GSP status has been expired for a long time and we are still waiting for its revival," he said during a meeting with Chad Peterson, Political and Economic Chief of US Consulate General here at the Federation House, ...
Meezan Bank selects Systems Limited for the implementation of Enterprise Service Bus KARACHI: Systems Limited, an IBM business partner and the region’s premier software house, has been appointed by Meezan Bank, which is Pakistan's first and largest Islamic bank,for the implementation of IBM Integration Bus. With this implementation, Meezan Bank would be able to extensively capitalize on their existing IT investments at remarkably low costs while enhancing business stability and increasing productivity.A formal signing ceremony between Systems Limited and Meezan Bankwas held in July at the bank’s ...
Private sector credit off-take rises to Rs320bn from Rs144bn ISLAMABAD: The private sector credit off-take has increased from Rs. 144 billion to Rs. 320 billion during 2013-14 as more private investment would create more job opportunities.As part of its measures being adopted to reduce unemployment in the country, the government is pursuing fiscal consolidation policies to lower burden on financial resources of banking system and create space for the private sector investment.Highlighting the other measures, sources at Ministry of Planning, Development and Reforms on ...
FPCCI urges politicians to shun differences in national interest KARACHI: President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Zakaria Usman on Thursday urged the politicians to overcome their differences in the larger interest of the country.Addressing the flag hoisting ceremony at Federation House here on the 68th Independence Day, he said the country was faced with different economic, social and political problems with direct bearing on the lives of the masses.This, he said must not persist and politicians, being vital stakeholders, ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln