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Wheat farmers demand special compensation package ISLAMABAD: Rains continuing from mid-March have badly affected the wheat crop in the country, particularly in upper Punjab, making it difficult to meet the target set by the government for the current year.The unusual rains have either fully destroyed the crop or affected grains in terms of quality and weight. The stagnant rain water in fields will affect wheat yield considerably, according to agri experts.Wheat farmers have demanded the government a special package to compensate their loss caused by rains.Secratery Kissan Bachao Tehreek Ahmed Noor Dhudhi told APP that the rains had affected the wheat in upper Punjab, including Sargodha, Lahore and Gujrnawala divisions.He said farmers would suffer financially due to the climate change as they would not be able to get potential wheat produce. The wheat grain this year, he added, would also be weak or have low gutton content due to stagnant water in the fields. He urged ...

Mango growers hail steps for exports MULTAN: The patron-in-chief and chairperson Mango Growers Cooperative Society (MGCS), Syed Zahid Hussain Gardezi has welcomed the ban on usage of wooden crates for exports of mango as a step forward for export of value-added exotic fruit from Pakistan while ensuring food safety.In a press statement issued here, the progressive grower said that the decision, mandated with the restrictions clamped under WTO regime enforced in the developed global markets, was also in line with the ...
Chinese President's visit to herald era of economic prosperity: FPCCI ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Sunday welcomed the coming visit of Chinese President Xi Jinping to Pakistan, saying it would further enhance economic and trade cooperation between the two friendly countries, besides boosting the confidence of business community."The Chinese President is arriving here tomorrow on the two-day visit with a large delegation comprising top businessmen, hence providing an opportunity to Pakistani businessmen to explore avenues for developing trade relations ...
LCCI urges govt to consult business community on market closure LAHORE: Lahore Chamber of Commerce & Industry (LCCI) has urged the government to resolve the issue of early market closure in consultation with the business community.LCCI Senior Vice President Mian Nauman Kabir in a statement here on Friday said decision of early market closure should not be implemented without due consultation with traders.He said the government should take the business community on board while having such trade related decision and also launch awareness campaign through ...
Water Resources Development Project signed with ADB for FATA ISLAMABAD: The Secretary, Economic Affairs Division (EAD) Muhammad Saleem Sethi has signed the irrigation project here on Friday with Asian Development Bank (ADB) for Federally Administered Tribal Areas (FATA).Financing of US$ 43 million for FATA Water Resources Project shall be secured through ADB's soft lending window.Under this project 9 small dams with the height of 15 meters shall be constructed, directly benefiting thousands of households in Khyber, Mohmand and Bajour agencies,according to statement issued.For the ...
Diplomats urged to play proactive role for promoting trade, exports ISLAMABAD: A 30-member delegation of young foreign diplomats on Thursday visited Islamabad Chamber of Commerce and Industry (ICCI) for an interaction with local business community and exchange views on exploring new areas of mutual cooperation.They also looking to promote bilateral trade and investment between Pakistan and their respective home countries.The diplomats were undergoing 23rd Junior Diplomatic Course at Foreign Service Academy of Pakistan and were representing various countries including Afghanistan, Azerbaijan, Brazil, Bulgaria, Comoros, Costa ...
Punjab expects 19mn tonnes wheat production ISLAMABAD: In Punjab, over 19 million ton wheat produce is expected this year from 17 million acres sown area.According to Radio Pakistan quoting a spokesman of Agriculture department the assessment is one per cent below the wheat production achieved last year due to recent rains and hailing that damaged wheat crop in parts of Punjab.The spokesman advised farmers to handle carefully process of wheat harvesting, threshing and storage.He advised farmers not to harvest crop in ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln