Govt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector

Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each

KP unveils Rs100.750 million package for sugarcane growers

Traditional cultivation techniques of this crop are laborious, costly and water exhaustive and per hectare yield of sugarcane of Khyber Pakhtunkhwa is low compared to other provinces of the country

Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills

The company was founded in 1978 and is based in Lahore and is a subsidiary of Pattoki Sugar Mills Limited

Govt devising policy to attain target of 15 million cotton bales by end of 2019

The government is mulling an increase in funding for agricultural research from existing 0.2% to 1%

KP planning to line 20,000 watercourses in next five years

Approximately Rs15 billion would be required for pavement and repair of these watercourses

No ban, no duty on potato export

The total requirement for potato is 3.75 million tonne in Pakistan and expected yield is 4.2 million tonne

IPO proceeds in 2018 plunged by 49% to Rs4.8 billion

AGP Pharmaceutical, one of the largest companies in the country’s pharmaceutical sector via its offer for sale (OFS) collected 65% of total raised capital during 2018

Price of imported urea may be fixed at Rs1,660 per bag: Report

The sources stated the non-availability of imported urea was contributing to rising shortage and NFML wasn’t heeding to the ECC directive given last Wednesday calling for the sale of imported urea

Matco to setup joint venture company with Barentz International

The JV is being set up for the import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector

Landlords found evading taxes, sent notices by FBR

It has come to the fore, that three out of four people who were declaring agriculture as the source of income aren’t paying tax on agriculture income in provinces

Rs82 billion plan unveiled for the agriculture sector

Talking about crop yield, Mr Sultan shared an investment of Rs4 billion will be done via promoting mechanisation

Horticulture exporters set 325,000 tons target for Kinnow exports

A record export volume of 375000 tons was attained during last year fetching foreign exchange of $200 million

Sugar industry, federal government at loggerheads over production price

ISLAMABAD: The sugar industry and the federal government are involved in a bitter dispute over sugar production price of Rs45.86 excluding taxes,...

Pakistan warned of dispute settlement proceedings by WTO members over subsidy on wheat exports

The WTO member nations cautioned if Pakistan provided rebates on wheat export again, it would initiate dispute settlement proceedings against the country

USDA projects Pakistan’s sugar production may decline to 6.5 million tons in 2018-19

The projected decline in sugar production has been attributed to a reduced area as farmers shifted to other crops like cotton and corn because of better prices and faster return on their investment

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