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KARACHI:  The Pakistan Tehreek-e-Insaf (PTI) government has announced a traditional budget for the agriculture sector as it has awarded a bailout package worth Rs280 billion to take the sector into the mainstream economy, but it did not announce specific measures to bind it to pay due taxes. “To uplift the agriculture...
KARACHI: The agriculture sector – the backbone of national economy and a major source of food security and employment – recorded a dismal growth during the outgoing fiscal year 2018-19 primarily due to water scarcity. “The performance of agriculture during 2018-19 remained subdued. On the aggregate, the sector grew by 0.85%,...
HYDERABAD: An aged commission agent was yelling with excitement in the city’s largest wholesale fruit market in oppressive heat. Overjoyed Akhtar was about to begin auction of Sindhri mangoes, screaming Subhan teri qudrat, subhan teri qudrat (God be praised) to attract buyers amidst unclean conditions in Sabzi Mandi. And finally...
KARACHI: The government is planning to withdraw certain exemptions given to farm sector including reduced rates of general sales tax on seeds, fertilisers and pesticides. "Govt likely to withdraw subsidy on agriculture inputs" An official from the fertiliser industry, who asked not to be named, said the move would be...
ISLAMABAD: Pakistan could not achieve the wheat production target this year largely due to unfavourable weather conditions that damaged the ready-to-harvest crop mainly in Punjab and Khyber Pakhtunkhwa, causing a loss of about 1.5 million tonnes of wheat. Read: Govt likely to miss wheat crop target amid rains Minister for National Food...
Newspaper reports that the government is set to withdraw agricultural subsidies ahead of the International Monetary Fund (IMF) package have shocked stakeholders. They fear that it may further choke the sector, which is already under stress for want of subsidies. “The local farming sector receives just 20 per cent of subsidies...
A mature crop of mangoes is yet to be fully available in the market amidst reports of substantial decline in production — mainly in sindhri variety — apparently due to climate change-driven variations in weather. Extended winter, unusual summer rains, winds and hailstorms are factors that adversely affected the...
ISLAMABAD: Since its inception, Pakistan has been struggling to realise the dream of economic growth, development, and prosperity. Experiments accompanied by the self-interest of powerful groups have brought the economy to its knees. Self-interest groups are not limited to politicians, they also include all segments of society. The government is searching...
KARACHI: The Sindh government has decided to impose ban on interprovincial movement of wheat in anticipation of the grain’s shortage and resultant price hike of flour in the province. Sindh Minister for Food Hari Ram Kishori Lal said on Monday that the decision was taken over apprehensions expressed by Pakistan...
The rupee lost 16 per cent value against the dollar last fiscal year. It has lost another 16.4pc so far in 2018-19. In the last fiscal year, domestic prices of petrol and high-speed diesel increased 26pc and 29pc, respectively. Their prices have surged 18pc and 17pc, respectively, since the beginning...

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Post-budget press briefing

The post-budget press conference was led by Advisor to the Prime Minister on Finance Dr Hafeez Sheikh who, as has become the norm, was...