Agriculture Corner

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0.8 million tonnes of urea imported, National Assembly told

470 days ago

Federal Government has imported 0.8 million tons urea to fill the gap between demand and supply for Rabi 2011-12. “The government has given Rs 32 billion as subsidy on urea while overall Rs 50 billion subsidy has been given to the farmers. The urea requirement of the country as determined in consultation with all the stakeholders was 3.4 million tons for Rabi 2011-12″, Parliamentary Secretary on Industries Syed Haider Ali Shah told the National Assembly on Monday.During question-hour session of [...]

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THE RUPEE: dollar higher

The dollar managed to retain its upward trend against the rupee on the currency market on Monday, dealers said. As a result of strong demand for dollar, the rupee lost 12 for buying at 90.52 and shed 10 paisa for selling at 90.54, they said. INTERBANK MARKET: OPEN MARKET RATES: The rupee continued its fall against dollar, sliding by 10 paisa for buying and selling at 90.50 and 90.70, they said.The rupee, however, gained Rs 1.45 against euro for buying [...]

February 7, 2012 8:52 am

Sugar procurement: TCP pays over Rs 7 billion to 29 mills

The Trading Corporation of Pakistan (TCP) has made payment of over Rs 7 billion to 29 mills against procurement of sugar to ease their financial problems regarding payment for sugarcane to the growers.Sources told Business Recorder on Monday that so far TCP has completed procurement process of 0.15 million tons of sugar from domestic mills and, after getting Pakistan Standard Quality Control Authority (PSQCA) testing reports and physical charge of procured sugar, TCP has started payment to the sugar mills, [...]

February 7, 2012 8:50 am

Punjab government sells over 700,000 metric tons of wheat

The Punjab food department sold over 700,000 metric tons (MT) of wheat till end of January 2012 out of the wheat stock of 2009-10 season, while 3.4 million tons of wheat is still lying in its godown. This wheat disposal is in line with already prepared schedule, said Punjab Secretary Food Irfan Ali speaking at a meeting held on Monday with the Senior Adviser to Chief Minister Sardar Zulfikar Ali Khan Khosa in the chair.Punjab Minister for Agriculture Ahmad Ali [...]

February 7, 2012 8:49 am

Japan to provide Rs 8.3 million for irrigation scheme

The government of Japan has decided to extend financial support of $96,660 (approximately Rs 8.3 million) to NGO RORWALI for the construction of Concrete Irrigation Channel in Village Thakhtabad, Peshawar, said a press release issued here on Monday. The agreement for the project was signed between Ambassador of Japan to Pakistan Hiroshi OE and RORWALI Chairman, Shabbir Ahmad Khan here at the ambassador’s residence.The project is expected to benefit about 1,300 households (approximately 13,000 individuals). Per acre yield as well [...]

February 3, 2012 11:20 am

Reduction in ST on tractors notified

The federal government has notified the reduction in sales tax on tractors from 16 percent to 5 percent with immediate effect. The sales tax will be charged at 10 percent effective January 01, 2013 and standard rate shall be applicable with effect from January 01, 2014.Millat Tractors Limited, in an information sent to Karachi Stock Exchange on Thursday said this decision have very positive impact on demand and sale of tractors as the gradual increase in sales tax rate will [...]

February 3, 2012 11:18 am

Agriculture university: 191 students to get Rs3.1 million grant

Members also discussed signing an MOU between the university and FDT for 10 years to provide schooling to 500 students. Faisalabad Development Trust (FDT) on Wednesday announced a grant of Rs3.1 million to 191 un-privileged students at the University of Agriculture. This was announced by the FDT Chairman Mian Muhammad Tayyab during a board of trustees meeting. He said these students were recently selected by a three-member scrutiny committee constituted by the vice chancellor for the purpose. He said the [...]

February 3, 2012 11:15 am

Fertiliser price hike due to suspension of gas supply: minister

LAHORE: Provincial Minister for Agriculture Malik Ahmad Ali Aulakh has said that owing to suspension of gas supply to urea factories, a crisis was created, leading to price hike of this important input. He was talking to media persons here on Thursday. The agriculture minister said the urea price which was Rs.850 per bag last year rose to Rs 1,800 per bag while DAP was sold at Rs 4,100 to 4,200 per bag. He said that despite repeated reminders of [...]

February 3, 2012 10:58 am

Punjab produces record wheat, rice, and maize crops

Provincial Minister for Agriculture Malik Ahmad Ali Aulakh has said that due to special interest taken by Chief Minister Punjab Shahbaz Sharif and provision of maximum facilities to the farmers, a record production of wheat, rice, maize, potato and sugarcane has been achieved in the province.He was talking to media here Thursday. He said that wheat production, which was 15.6 million tons in 2007-08, rose to 18.4 million tons in 2008-09 and 17.9 million tons in 2009-2010, reached the figure [...]

February 1, 2012 9:20 am

Spot rate lowered to Rs 5,700 amid modest business on cotton market

Spot rate was slashed on the cotton market on Tuesday amid modest trading, dealers said. The official spot rate was lowered by Rs 100 to Rs 5,700, they said. Prices of seedcotton in Sindh were at Rs 1800-2450 and in the Punjab at Rs 2000-2750, they said. In ready dealings about 14,000 bales of cotton changed hands at Rs 5,200-6000, they added.According to market sources meeting of the Economic Co-ordination Committee (ECC) held on Tuesday as usual the Pakistan Cotton [...]