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Economy

Rural economy growth: FPCCI chief for clustered mapping of agriculture sector

February 05, 2015 - BR Report - Pakistan can earn easily 300 million dollars foreign exchange from kinnow export, subject to formulate proper policy on the lines of Florida and Australian oranges. Exchange reserves in the country may be increased by the seedless production of kinnow in the future? Chairman Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ahmad Jawad said. Jawad emphasised that the govt should focus on the clustered mapping of agriculture sector for…

Japan farming reforms a stiff test of Abe’s resolve

February 04, 2015 - Reuters - After December's landslide re-election, Japanese Prime Minister Shinzo Abe's programme to revive the nation's economy is set to meet perhaps its stiffest challenge, the nation's sclerotic farming industry. He will soon submit legislation to reform agriculture, a sector where a dwindling band of aging farmers works tiny plots, while conducting gruelling negotiations to sign up for the Trans-Pacific Partnership (TPP), which would cut towering import tariffs…

Bosan for improving agriculture production on scientific lines

February 04, 2015 ISLAMABAD: Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Tuesday stressed the need to improve agriculture production system on scientific lines to enhance sustainable food production and to meet present and future demands for food in the country. “This can be done by adopting innovative agricultural practices, improved technologies and sustainable soil management techniques”, the minister said addressing a day-long seminar on…

Plight of primary sectors of economy

Muhammad Munir Ahmed IN developing countries like Pakistan, commodity producers make direct use of domestic natural resources. And the economic policies are designed to provide an enabling environment for reaping full benefits originating from these sectors of the econony. However, the real situation in this regard is far from satisfactory and manifests in the whole chain of agricultural production. From sowing to harvesting of different crops, farmers provide opportunities to…

Plan to improve agriculture productivity charted out

January 29, 2015 - BR Report - Punjab Agriculture Department has formulated a plan costing Rs 152.328 million to improve agriculture productivity of Rabi and Kharif crops through balanced use of fertilizer in the province. Official sources told us. On Wednesday that under the plan, special attention will be accorded on improvement of soil nutrient status through NPK fertilisers and micronutrients according to the requirement of crop in different ecological zones. Punjab contributes a…

Earthly matters: Climate smart agriculture

January 25th, 2015 - Rina Saeed Khan - For a water stressed agro-based country like Pakistan, climate-smart agriculture is the need of the hour. Today, Pakistan is just about self-sufficient in food production as agricultural areas have expanded and yields increased although distribution is a problem. But in the near future, experts like Dr Mac Kirby of the Australian government’s aid programme say that the rate of increase in food production will not be able to keep up with the surge in…

The illusions of economic development

January 24, 2015 - Dr Zafar Altaf - BR Report - The secret of the mastermind is found wholly in the use of imagination. And how true! We are now back to Balochistan where the PM has announced another package for the province that constitutes in area terms 47% of Pakistan. What are its requirements? Many and totally different from what has been stated in the two-day conference. The previous two packages for Balochistan provided by the two fact-finding missions of the National Assembly also…

‘Government to provide low-cost machinery to farmers’

January 23, 2015 - BR Report - Punjab Agriculture Secretary Rashid Mehmood has said that empowerment of small farmers with modern technology is imperative for increased productivity and poverty alleviation in rural areas. Chairing a meeting at the University of Agriculture Faisalabad (UAF), he said that the government was devising a mechanism to provide farm machinery at subsidised rates. He said, "We will hold negotiation with China, Japan, South Korea and other countries to provide…

Political stability helps improve economic indicators

January 23, 2015 ISLAMABAD, Jan 21 (APP): Despite challenges on different fronts, major economic indicators have shown positive signs of sustainable growth, mainly owing to improved foreign exchange reserves, workers remittances and investments because of political stability. For the first time in six years, GDP growth rate exceeded 4 percent (4.14%) in the financial year 2013-14. A considerable improvement has been witnessed in Large Scale Manufacturing (LSM) while the inflation…

The stake and its holders

Wednesday, January 21, 2015  - Dr Muhammad Yaqub - the News - Every government gets lost in its own game of self-enrichment and political survival, and begins to engage in temporary fire-fighting in economic policy matters leading to worsening the underlying economic conditions. In an article in this newspaper (‘A fundamentally flawed fiscal policy’, January 6) I had highlighted some deep-rooted budgetary problems to which each government, including the present one, contributed. In…

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