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Prices gained momentum on the local cotton market on Tuesday owing to brisk trading activity, dealers said. The official spot rate was unchanged at Rs 8850, they added. In ready session, over 22,000 bales of cotton changed hands between Rs 7800-9100, they said. Rates of seed cotton per 40kg...
BADIN: Paddy growers resumed their protest against rice millers in Kario Ghanwar town on Sunday, demanding the authorities concerned force the millers to pay them fair price for their crop. The protesting farmers led by Hisam Nizamani, Mustafa Ayaz Mehri, Ghulam Mustafa and other who had set up a hunger...
ISLAMABAD: The Federal Committee on Agriculture (FCA) has set the wheat production target for Rabi 2019-20 season at 27 million tonnes from an area of 9.2 million hectares. The committee also suggested that provinces should focus on oilseeds and pulses cultivation in order to reduce the import bill. In a meeting chaired...
KARACHI: Cotton import in Pakistan is expected to reach the record high of five million bales this year as local production of the industrial crop is estimated to decline 15 percent on high input prices and inclement weather, businessmen said on Tuesday. All Pakistan Textile Mills Association (Aptma) said there...
LAHORE: The Farmers Bureau of Pakistan (FBP), a representative platform for progressive growers, has urged the government to declare agriculture and climate emergency in the country in order to save the sector from bad weather that the country has experienced over the past few days. “Cotton, rice and corn crops have...
The Advisory Committee of Indus River System Authority (Irsa) on Tuesday forecast 15 per cent water shortage for Sindh and Punjab in Rabi season 2019-20, starting from October 1, 2019 to continue till March 31, 2020. The anticipated shortage figures were finalised at a meeting of the Irsa Advisory...
KARACHI: Fertiliser sales increased 35 percent year-on-year to 834,000 tons in August as monsoon improved the nutrient’s consumption in crops amid price stability, a brokerage reported on Thursday. Urea sales for August increased 45 percent year-on-year to 624,000 tons. Urea sales stood at 431,000 tons in the corresponding month a...
KARACHI:  Widespread rains throughout the country in the monsoon season led to a 45% jump in urea sales in August 2019 compared to the same month of previous year, according to the National Fertiliser Development Centre (NFDC). NFDC reported sales of 625,000 tons of urea in August 2019 against sales of...
The government continues to promote the decades-old system that has devastated the climate and made farmers poorer, says Asif Shareef, a progressive grower who has established model organic farms in Punjab. “It has not yet introduced a policy for changing processes that have been used for four decades. An excessive...
KARACHI: Federal Min­ister for Law and Justice Dr Farogh Naseem has said that because a lot of economic activity is generated in the agriculture sector, the federal government should collect agriculture tax. Speaking as chief guest at the annual dinner of Pakis­tan Tax Bar Association (PTBA) on Saturday night, the...

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Pakistan’s economy beyond the IMF

Pakistan’s economy is stuck between a rock and a hard place. On the one hand, historically poor domestic revenue generation by successive governments, excessive...