05262016Thu
Last update: Thu, 26 May 2016 01am

Business & Economy

Pakistan - Business & Economy

71.31pc wheat procurement target achieved FAISALABAD: Food Department on Friday claimed to achieve 71.31 percent wheat procurement target in Faisalabad division.A spokesman of the department said that 4226763 gunny bags have so far been distributed among wheat growers of the division including districts Faisalabad, Jhang, Toba Tek Singh and Chiniot, thus they had achieved 83.46 percent target of gunny bags distribution.Similarly, he said the food department has so far procured 3594272 bags of wheat from the growers which is equal to 71.31 percent target of wheat procurement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Taxes on agriculture sector need to be reduced: Minister ISLAMABAD: Minister for National Food Security Sikandar Hayat Bosan Wednesday underlined the need for taking concrete measures to reduce taxes on agriculture sector.He was speaking in the Senate regarding on adjournment motion moved by Muhammad Azam Khan Swati to discuss the ineffective mechanism and lack of oversight by the government to protect the interest of millions of wheat growers due to which they forced to sell their wheat crop on less than support price fixed ...

Pakistan - Business & Economy

Low Cotton production costs Rs 80 billion loss: Senate told  ISLAMABAD: Federal Minister for Trade and Textile Industry Khurram Dastagir on Thursday apprised Senate that estimated production of cotton was 10.78 million bales during 2015-16. Replying to a calling attention notice, he said that the country would face loss of Rs 80 billion with shortage of 3.97 million bales as compared to 13.97 million bales last year.The minister said changing weather pattern with high temperature and rains at wrong timing was a major cause of ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ships C.V Maersk Salina, M.V Apollo Bulker, M.T SC Xiamen and M.T BW Boran scheduled to load/offload containers, cement, chemicals and palm oil were berthed at Qasim International Container Terminal, Multi Purpose Terminal and Liquid Cargo Terminal respectively on Wednesday.Meanwhile three more ships m.V Poavosa Wisdom-III, M.V Globe Tanya and m.T Bunga Akasia with Steel coil, LPG and palm oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy ...

Pakistan - Business & Economy

Petroleum production up 4.32pc in 3 quarters ISLAMABAD: The petroleum production during the first three quarters of the current fiscal year (2015 16) witnessed increase of 4.32 percent compared to the corresponding period of last year.The products that contributed in positive growth of petroleum included jet fuel oil, production of which increased by 6.96 percent during July March (2015 16) compared to the production of July March (2014 15), according to the latest data of Pakistan Bureau of Statistics (PBS).The other products ...

Pakistan - Business & Economy

16 commodities at controlled rates during Ramzan FAISALABAD: Executive District Officer (EDO) Agriculture Abdul Hameed said here on Thursday that as many as 16 commodities will be available at controlled rate at Agriculture Fair Price Shops of Ramzan Bazaars during the holy month of Ramzanul Mubarak. Talking to media persons he said these commodities include potatoes, onion, tomatoes, ladyfingers, bitter gourd (Karela),gourd (Kaddu),bananas, apples, unpeeled lentil (Masoor),white grams, rice, dates, lentil pulses, gram pulses, maash pulses and gram powder (besan).Focal persons will ...

Pakistan - Business & Economy

Pakistan’s first homemade Digital Mapping Solution to be launched Telenor Pakistan and TPL Trakker have joined hands to introduce Pakistan’s first homemade digital mapping solution.According to local media reports, a Memorendum of Understanding (MoU) has been signed between the two tech firms, under which TPL Maps has been launched. “TPL Maps has been created using state of the art technology that will not only provide real time intelligent routing but also give users access to live traffic updates, turn-by-turn navigation and smart search options,” ...