Daily Archives

August 25, 2012

Inflation keeps on increasing

By: Imran Ali Kundi ISLAMABAD, August 25, 2012: Though Ramazan has ended but the inflationary trend is still continuing as inflation based on Sensitive Price Indicator (SPI) increased by 8.55 per cent during the week ended on August 23 against the same period of last year.According to the latest figures released by Pakistan Bureau of Statistics (PBS) on Friday, the SPI-based inflation enhanced by 8.55 per cent during the week ended on Thursday on annual basis while it recorded an increase of…

Pamco to ensure provision of quality, hygienic meat at affordable rates’

August 25, 2012:  Punjab Chief Minister Muhammad Shahbaz Sharif has said Punjab Agricultural and Meat Company (Pamco) has been established to ensure provision of quality and hygienic meat to the citizens at affordable rates. He stressed the need for early operationalisation of the institution and directed that the Outsource Committee should complete the work of outsourcing the contracts of Pamco by November 10. He also directed shifting of the cattle market of Kot Kamboh to Shahpur Kanjran…

Farmer: ‘It was the system that failed us’

By John D. Sutter August 25, 2012: Mountain Grove, Missouri - Thunder clapped and rain fell just before Bionce, Sassy and the rest of Mark Argall's prize-winning dairy herd went up for auction. Had the storm come a few weeks earlier, and if the drought had eased, it might have saved the cows -- some of which were named with a bit of poetic license ("You can spell names however you want," he said) for pop-culture divas and celebrities. As it was, however, Argall's pasture was so dry that…

Cotton prices firm on rising demand, disruption in supply

August 25, 2012:  Firmness prevailed on the cotton market on Friday as mills and spinners continued buying following the fears of short supply of phutti in tthe near future, dealers said. Official spot rate was unchanged at Rs 5850, they said. In the ready business nearly 12,000 bales of cotton changed hands between Rs 5900-6075, they said. The prices of seedcotton in Sindh were at Rs 2600-2650 and in the Punjab rates were unchanged at Rs 2600-2700, they added. Some brokers said that Phutti…

FG To Revolutionise Agriculture

by Leon Usigbe, Abuja Saturday, 25 August 2012: PRESIDENT Goodluck Jonathan, on Friday, assured that his administration was wholly committed to actualising its plans to positively transform Nigeria’s agricultural sector into a major wealth creator and source of employment for the nation’s youth. Speaking at State House, Abuja in an audience comprising a delegation from the International Fund for Agricultural Development (IFAD) led by its President, Dr. Kanayo Nwanze, he said that the…

MUMBAI: Tea prices in India, the world’s second biggest producer, moved higher at this week’s auction as demand from local and overseas buyers improved, dealers and industry officials said on Friday. The price of CTC (crush-tear-curl) tea rose 1 per cent to 150.43 rupees ($2.71) per kg, while dust tea price climbed 1.2 per cent to 153.03 rupees per kg. “In almost all leading tea producing countries tea prices are moving higher due to lower output. It is giving boost to Indian…

ECC decides to donate 50,000 tonnes of wheat to WFP

ZAHEER ABBASI August 25, 2012: The Economic Co-ordination Committee (ECC) of the Cabinet has decided that the government would pick up Rs 1.456 billion cost of 50,000 tonnes of wheat to be donated to the World Food Programme (WFP) for use within the country among the poor and malnourished people, it was learnt. Sources told Business Recorder that in pursuance of the ECC decision dated July 03, 2012 a summary submitted by this Ministry of Food and National Security stating that…

Irrigation minister visits Head Punjnad

August 25, 2012:  Punjab Minister for Irrigation and Agriculture, Malik Ahmed Ali, visited Head Punjnad, District Muzaffargarh, and reviewed the ongoing operation for recovering the dead bodies of six persons who had drowned when their boat capsized, along with the bodies of three other persons who had drowned on Eid day while bathing in the river. In presence of the Provincial Minister, the rescue team of 1122, retrieved the dead body of 18 years old Muhammad Azam s/o Mulazam Hussain of Tehsil…

Pakistan Weather Update & Monsoon Alert August

Rains, Rains and more Rains – Punjab Dry, dry and more dry – Sindh Low pressure: What will happen now? Pakistan: Past conditions While entering the month of August, the northern areas (only) experienced the fifth monsoon spell that started from July 30 and lasted till August 2. The intensity of the fifth spell was weak due to the absence of westerlies. The highest rainfall during the 5th spell occurred in Kotli, Azad Kashmir that was 49 mm on July 31. Apart from the…

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