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State Bank of Pakistan (SBP)

Sugarcane support price termed irrational, unfair

Monday, 05 November 2012 by Imaduddin HAMID WALEED & ZAHID BAIG LAHORE: The sugar industry in Punjab is past the threshold of chaos because of the lack of a level playing field, as the Punjab government fixed the sugarcane support price at Rs170 per maund, hiking the production cost out of proportion and setting a new crisis into motion, industry sources said. Prices in the domestic and global sugar markets are already tumbling because of a glut in production in Brazil, India…

Iran, Pakistan barter trade deal yet to be finalised

ZULFIQAR AHMAD AND FAZAL SHER October 24, 2012: The barter trade deal between Iran and Pakistan is yet to be finalised as Tehran has not yet to send agriculture experts to check wheat quality despite repeated requests. "The Ministry of National Food Security and Research (NFS&R) has invited Iranian experts after both countries signed a barter trade agreement, a key feature under which Iran agreed to import a million ton of wheat from Pakistan at $300 per ton," a senior…

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