Sri Lanka’s government would require at least $5 billion over the next six months to maintain basic living standards. The island nation is facing its worst economic downturn in seven decades. A lack of foreign exchange is preventing importation of crucial products such as fuel, medicine, and fertiliser. COLOMBO: Sri Lanka cash-strapped government would require … Read more
COLOMBO: Sri Lanka consumer prices shot up a record 14 per cent in December, surpassing a previous high of 11.1 from a month earlier, official figures showed on Saturday as food and fuel shortages worsened. Senior ministers warned parliament earlier in the week of a growing food crisis with rice harvests due in March expected … Read more
By improving its production efficiency, fertiliser industry can contribute up to $1 billion annually to the national exchequer, a senior official of Engro Fertilizers, said. “By exporting 0.8 million tonnes of urea we can earn in the range of $500 million to $900 million, depending on the international prices. But by de-bottlenecking the production capacity … Read more
LAHORE: Five-member delegation of Pakistan Kissan Ittehad led by its president Khalid Mehmood Khokhar called on Punjab chief secretary Kamran Ali Afzal and apprised him about the problems being faced by the farmers. During the meeting, the participants discussed the wheat support price, electricity tariff for tube-wells and measures for improvement in agriculture. Talking to … Read more
MOSCOW: At least 10 Russian companies could hold an initial public offering (IPO) in 2022, extending the listing spree that started a year ago if geopolitics, including Ukraine tensions, and other risks do not thwart their plans, Reuters quoted bankers and advisers, as saying. Russian car dealer Keyauto on December 13 became the latest firm to confirm … Read more
ISLAMABAD: The fertiliser sector has said that it is not responsible for the shortage in the country, as it had already sold 11 per cent more fertiliser, compared with the last year. To address the shortage of fertiliser, Adviser to the Prime Minister on Finance Shaukat Tarin and Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar held a meeting … Read more
LAHORE: The government is making all-out efforts to increase agricultural production through mechanisation, a senior official said. Chairing a meeting to review the measures for improvement in the agriculture sector, sowing targets of wheat, prices and availability of fertilisers, Federal Minister for National Food Security and Research Syed Fakhar Imam said that the production of … Read more
LAHORE: Punjab chief secretary Kamran Ali Afzal has directed all the deputy commissioners to launch crackdown against fertiliser hoarders. Chairing a video-link meeting of all divisional commissioners and deputy commissioners, he directed them to take action against profiteers and hoarders of fertilisers on the pattern of measures taken during the sugar crisis. Afzal also directed ensuring … Read more
ISLAMABAD: The Fertiliser Review Committee has asked the provincial governments to take strict action against hoarders and those engaged in black marketing of fertilisers. Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar, who chaired the meeting, expressed concern over the hoarding of an essential commodity for farmers and asked the provincial governments to take … Read more
ISLAMABAD: The government has vowed to encourage and incentivise fertiliser manufacturers, as well as exporters to meet the domestic demand effectively. Chairing a meeting with the chairman and other members of the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), Federal Minister for Finance and Revenue Shaukat Tarin highlighted the need to bring in more investment … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday reduced the subsidy on three essential food items available in the Utility Stores Corporations (USC) outlets across the country. The ECC meeting, chaired by Federal Minister for Finance and Revenue Shaukat Tarin at the Finance Division, also approved revision in the prices of three … Read more
KARACHI: The Federal Board of Revenue (FBR) has implemented electronic monitoring of sugar production to prevent revenue leakages, sources said on Tuesday. The track and trace system for sugar products has been implemented from July 1, 2021 for the monitoring of production lines, a senior official of the revenue board said. Through a notification on … Read more
