Daily Archives

August 21, 2012

Soyabean export premiums steady at US Gulf Coast

August 20, 2012:  Soyabean export premiums at the US Gulf Coast were mostly steady on Friday in quiet end-of-week trade, with nearby values underpinned by tight supplies in the export pipeline, traders said. Few offers quoted for near-term soyabean shipments from the Gulf amid uncertainty about available supplies. Delta harvest being delayed by rain and few northern beans available. Demand inquiries from China were muted on Friday. The top importer was estimated to have booked between 5 and 10…

Provincial governments start taking steps towards agriculture income tax collection

August 20, 2012:  Provincial governments have started implementing the ''''harmonisation of agriculture income tax policy in the provinces'''' under which government of Khyber Pakhtunkhwa (KPK) collected information on agriculture income from the Federal Board of Revenue (FBR) and served tax demand notices on persons who have declared agriculture income in their tax returns. Sources told Business Recorder here on Sunday that in line with the decision taken by all four provincial Finance…

Ongoing Rabi crop season: Figures reveal govt missed wheat sowing target by 3%

By Ijaz Kakakhel ISLAMABAD: The market figures revealed that the government has missed the wheat sowing target by 2 to 2.5 percent in the ongoing Rabi crop season for the year 2012, it was learnt on Monday. Last year, the government had achieved 8.9 million hectares wheat sowing target for the year 2011 and the same was considered for the current year 2012. The initial estimates revealed that the wheat sowing target has been missed by 2.5 to 3 percent, which might affect wheat production…

All main rivers flowing normal: Flood Commission

August 20, 2012:  All main rivers including Indus, Jhelum, Chenab, Ravi and Sutlej are flowing normal. According to Federal Flood Commission here on Sunday, Tarbela and Mangla Dams are at elevations of 1439.68 feet and 1169.05 feet respectively, which are 60.32 feet and 72.95 feet below their respective Maximum Conservation Levels of 1550.00 feet and 1242.00 feet. Today's combined live storage position of Tarbela, Chashma and Mangla reservoirs is 6.312 MAF as compared to last year's 10.592 MAF.…

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