Daily Archives

August 28, 2012

Food crisis: industry at turning point

http://youtu.be/W5btU1sGIyc Economic crisis and rising food prices are putting pressure on consumer goods sales. FT analysis editor Frederick Studemann discusses if this is a turning point for producers with Louise Lucas, consumer industries editor and Gregory Meyer, commodities markets reporter. Courtesy:

Pakistan lags behind in per hectare crop yield

Mansoor Ahmad LAHORE, March 27, 2012 : The Statistical Book 2011 of the United Nations Food and Agriculture Organization (FAO) reveals that Pakistan is way behind in wheat, rice, sugarcane and pulses production, both globally and regionally. According to experts, water shortage, absence of high yield verities of seeds, and lack of research and development are the basic causes of low per hectare yield of crops in Pakistan. The two consecutive floods in 2010 and 2011 have also…

‘Value-added textile sector tumbling down’

August 28, 2012:  It is indeed, a great irony that whiles the exports of the vital sector of our economy - the value-added textile sector is tumbling down, some associations exporting raw material, which includes our precious energy are cheering and celebrating which is a sorry state of affairs, lamented Muhammad Mushtaq, Chairman, Value Added Textile Forum. He said that during the year 2011-12 as compared to 2010-11 exports of this vital value added textile sector have greatly declined,…

Prices not softening on cotton market despite increased phutti arrivals

August 28, 2012:  Despite continued rise in phutti arrivals, prices maintained firmness on the cotton market on Monday, dealers said. Official spot rate was unchanged at Rs 5850, they said. In the ready business, nearly 14,000 bales of cotton changed hands between Rs 5800-6150 (credit), they said. The prices of seedcotton in Sindh were down by Rs 75 to Rs 2425-2525 and in the Punjab low type was lower by Rs 100 to Rs 2500 while the best quality was unchanged at Rs 2650, they added. According to…

An overview of current government’s 53-month performance

Tuesday, August 28, 2012 : The period marred by mega corruption scams, sky-rocketing inflation, dismal governance, court defiance, terrorism, worsening law and order, grave energy crisis and ailing economy has haunted Pakistan during these last 1,615 days Here follows the comparison: Sugar from Rs25 to Rs53-55 per kg, beef (with bones) from Rs170 to Rs260-Rs280 per kg currently, beef (boneless) from Rs200 to Rs 300-Rs340 per kg in over four years, Poultry from Rs112 to…

Inland fish farming to be promoted

August 28, 2012:  A well-knitted plan has been evolved for the promotion of "Inland Fish Farming" business across the country. Official sources told Business Recorder here on Monday that currently as many as 13,000 fish farms are exists and more than 50,000 people are engaged with fish farming in the country. Provincial Fisheries Department has adopted concrete steps for the promotion of fish farming and providing fish seed to the interested persons in the Punjab. Small and Medium…

TCP finalises deals for import of 200,000 ton of urea

RIZWAN BHATTI August 28, 2012:  Trading Corporation of Pakistan (TCP) made arrangements for the maximum availability of the urea in Rabi season and almost finalised deals for import of some 200,000 tons commodity on Monday. Presently, the country is facing a massive shortage of urea as the local production is on decline due to unavailability of gas to the local producers. On the other side, Rabi season has started and farmers need huge stocks of urea for their crops. In order to avoid…

Normal water levels in major rivers

M RAFIQUE GORAYAAugust 28, 2012:  All major rivers are flowing below low flood level, however river Kabul is in low flood at Nowshera, Flood Forecasting Division said here on Monday. It said 2,59,400 cusecs water is flowing in river Indus at Tarbela, 48,200 cusecs in River Kabul at Nowshera, 37,000 cusecs in river Jhelum at Mangla and 69,100 cusecs in River Chenab at Marala headworks. Out of the daily flow of 259,400 cusecs in River Indus , the water regulatory body Irsa is discharging…

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