Daily Archives

November 15, 2012

Agriculture and farmers suffer as substandard seeds flood market

November 15, 2012 SALMAN ABDUHU LAHORE - The agricultural experts have said that developing countries like Pakistan would have to adopt genetically modified/biotech crops in the shortest possible time to ensure food security for rapidly growing population, saying that the future of agriculture growth depends on biotechnology. “The sale of illegal/substandard seeds especially Bt cotton seeds is another important issue that needs to be addressed by the government on priority basis to tap…

Reforming agriculture income tax regime can generate up to Rs 115bn

November 15, 2012 ISLAMABAD: The country could generate Rs 80 billion to Rs 115 billion by reforming agriculture income tax regime. Economists here on Wednesday presented these estimates during the second day of the 28th Annual General Meeting and Conference organised by Pakistan Institute of Development Economics (PIDE). Senior economist Anjum Nasim while delivering his research paper on ‘Agriculture Income Taxation: Estimation of Revenue Potential in Punjab’ stated that there…

Punjab Minister accuses Centre of destroying agriculture sector

November 15, 2012 Punjab Minister for Agriculture Malik Ahmad Ali has said that federal government is bent upon destroying agriculture sector deliberately and, in order to help facilitate their friends, an artificial crisis of fertiliser was created and two lakh tons fertiliser was imported, over which Rs 600 commission on every bag, was gobbled up. He expressed these views, while addressing a function regarding wheat seed distribution, among the flood-stricken farmers on…

Future of agriculture growth depends on innovations in biotechnology

November 15, 2012 Agricultural experts, while speaking at a meeting convened by the Farmers Associates Pakistan (FAP), said that developing countries like Pakistan would have to adopt genetically modified/biotech crops in the shortest possible time to ensure food security for rapidly growing population, saying that the future of agriculture growth depends on biotechnology. "The sale of illegal/substandard seeds especially Bt cotton seeds is another important issue that needs…

Iran arrests Pakistani, seizes rice worth $500,000

November 15, 2012 GHULAM ABBAS Iran on Wednesday arrested a Pakistani exporter in Mashhad and seized his rice stock worth $500,000. The development is a serious blow to Pakistani exporters who are already facing payment issues in the neighbouring country following the economic sanctions imposed by United States on Iran. Talking to Business Recorder, Rice Exporters Association of Pakistan (REAP) Chairman Jawed Ali Ghori said that the rice exporters mainly from Balochistan were facing…

Buyers opt for cheaper Pakistani rice

November 15, 2012 Vietnamese rice prices were quoted a touch lower in places due to thin demand as buyers opted for cheaper grain from India and Pakistan, while Thai prices stayed at relatively firm levels, supported by government intervention, traders said on Wednesday. Vietnam''s 5 percent broken rice was offered at $445-$460 a tonne, on a free on board basis at Saigon Port, compared with a narrower range of $450-$455 last Wednesday. The 25 percent broken grain stood at…

Dry fruit prices soar by 25 percent

November 15, 2012 As the dry fruit business picks up with the start of winter season in Pakistan every year, the wholesale dry fruit market operators and the vendors have increased prices of all items by 25 percent except pine nut (Chilgoza). Dry fruits include dates, apricot, peaches, almond, currants, pine nut, peanuts, pistachios and many more. Almond and peanut are the most favourite and their demand is higher than others. According to the market survey conducted by this…

Fisherfolk, peasants observe ‘Global Week of Action for Climate Justice’

November 15, 2012 A large number of peasants, hailing from remote villages of Jamshoro district, joined the rally to observe Global Week of Action for Climate Justice, started from November 12 to 17, 2012 on Wednesday. The rally organised by the Pakistan Fisherfolk Forum (PFF) under the slogan 'Agrarian and Land Reforms now', attracted a large number of farmers from right bank of the River Indus and civil society activists to raise the voice to protect natural resources,…

KFHA serves fresh notices on boat owners to vacate navigational channel

November 15, 2012 Karachi Fish Harbour Authority (KFHA) has served fresh notices to boat owners to drive their abandoned boats out of the harbour's navigational channel immediately or the authority will confiscate them, officials said on Wednesday. Officials said that the authority was about to vacate the channel to provide more space for the operational boats but the boat owners requested them to extend the date of its execution plan. "Now the authority has decided to remove…

US MIDDAY: soya jumps

November 15, 2012 US soyabean futures jumped on Wednesday for a second consecutive day on export business and stronger-than-expected crushing demand. The rebound came after technical selling and concerns about tight supplies easing drove prices to a 4 -1/2 month low on Monday, but the decline created new demand. The US Department of Agriculture on Wednesday said that private exporters struck deals to sell 120,000 tonnes of US soyabeans to China, the world's top importer of…

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