Thursday, February 9, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Commodities

Pakistan to halt import of agri commodities

MtR by MtR
June 20, 2021
in Commodities
0



LAHORE:

Pakistan is now moving towards halting import of agricultural commodities following effective measures taken by the government, said Special Assistant to Prime Minister (SAPM) for Food Security and Research Jamshed Iqbal Cheema.

Related articles

Record outflows from commodity ETPs obscure long-term demand

August 10, 2022

Pacific Trader: B2Gold bucks the commodity slump

August 9, 2022

During a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday, he said Pakistan’s food demand climbed on back of growth in population.

“We have streamlined the procurement of wheat and ensured proper returns to farmers for their hard work by increasing wheat support price to Rs1,800 per 40kg from Rs1,400 besides offering subsidy on wheat flour to the end consumer,” he said.

Read: Agri sector allocation enhanced to Rs15.3 billion

He told businessmen that the government will continue to facilitate the common man.

Citing figures, he said that wheat flour consumption in Pakistan stood at 108kg per person annually. Though wheat production was in surplus of 1.5 million tonnes this year, the government imported three million tonnes to retain 120-day strategic reserves, Cheema clarified.

He announced that a food dashboard was being developed, which would monitor demand and supply of food as well as the storage situation.

“Magistrates are being appointed in every market to control price hikes,” he said.

He announced that Prime Minister Imran Khan would hold a convention with farmers on June 30 to take their input on policy formulation.

He reaffirmed that the government was committed to maintaining a balance in prices of produce for farmers, industry and the end consumers.

“There would be no shortage of agricultural raw material in Pakistan for next seven years,” he told the business community.

He added that the country was moving towards profitable agriculture and the government would construct warehouses in villages as well as offer interest-free loans for cold storage systems in rural areas.

He added that palm trees were also being planted along the coastal line of the country. The country would meet its need for palm oil by planting three million palm trees, he announced.

Read more: Agri stakeholders seek larger share

The SAPM added that the government was also focusing on enhancing olive yield and for this purpose, Rs8 billion had been allocated in the next financial year which would be distributed among farmers to produce high-quality olives.

“Pakistan will soon become the world’s largest olive producer,” Cheema said.

Comprehensive measures are being taken to increase maize production to eight million tonnes from the present 3.2 million tonnes.

According to the official, Rs4 billion had also been earmarked for enhancing cotton production and the country was expecting cotton output to stand at nine million bales this year.

Published in The Express Tribune, June 20h, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.





Source link

Related Posts

Record outflows from commodity ETPs obscure long-term demand

by MtR
August 10, 2022
0

Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsInvestors...

Pacific Trader: B2Gold bucks the commodity slump

by MtR
August 9, 2022
0

Credit: B2Gold Corp. Hauling ore at B2Gold's Otjikoto Mine in Namibia And unlike its peers, the Vancouver company pays a...

Ford raises prices of electric F-150 pickup amid high commodity costs

by MtR
August 9, 2022
0

The all-electric Ford F-150 Lightning pickup truck is unveiled at the company's world headquarters in Dearborn, Michigan, U.S., May 19,...

Commodity Market: Gold price surge marginally

by MtR
August 9, 2022
0

Mumbai: Price of gold edged higher marginally in the commodity market. Sovereign gold is trading at Rs 38,240, higher by...

Japan Hands over Emergency Medicines and Commodities for Pregnant Women and Adolescent Girls though the Project “PROMISES” under the partnership with UNFPA – Sri Lanka

by MtR
August 9, 2022
0

On 8 August, Ambassador of Japan to Sri Lanka, H. E. Mr. MIZUKOSHI Hideaki handed over essential pharmaceuticals for women...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter