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STAFF REPORT ISB: Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. Other irritants include energy tariff, under utilization of power generation capacity and energy shortage, says a research report prepared by the APTMA.The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products, while in Bangladesh and China,
STAFF REPORT ISB: Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. Other irritants include energy tariff, under utilization of power generation capacity and energy shortage, says a research report prepared by the APTMA.
The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products, while in Bangladesh and China,
DESERTIFICATION MEANS land degradation in dry lands (arid, semi-arid and dry sub-humid areas) resulting from various factors, including climatic variations and human activities. Land degradation can trigger a cycle of environmental degradation, impoverishment, migration and conflict, often jeopardizing the political stability of affected countries and regions. Populations in dry lands often endure very harsh economic conditions, suffering from low per-capita-income and high infant
STAFF REPORT KHI: Pakistan is expected to meet the 0.3 million tons of citrus export target this year, earning foreign exchange of $200 million during the season. The expected export of 60,000 to 70,000 tons kinnow during the next 30 to 40 days of this season will help in meeting the set target.
"Out of 0.24 million tons, 0.1 million tons kinnow are exported to Russia where the fruit had better demand. The low price of Pakistani fruit was another reason of enhanced export to Moscow
Pakistan computer industry has the potential to assist the government in achieving the set target of $3,774.285 million IT services exports in the next five years through broader consultations among the stakeholders covering tax policy, rationalisation of tax rates and addressing issues of computer hardware industry.
While, speaking on the occasion,Munawar Iqbal, President Pakistan Compute Association (PCA) said the tax policy must be drafted in consultation with the industry to maintain
STAFF REPORT MULTAN: The Punjab government has fixed the wheat production target at 19.5 million tons for 2015, said Agriculture Executive District Officer Shafqat Hussain Bhatti.
"Action would be taken against adulterated seed and fertilizer mafia," said Bhattti while addressing a seminar on wheat production technology in Multan.
He advised the growers to use approved and recommended seed varieties and fertilizer for maximum wheat yield.
In his remarks, Agriculture
STAFF REPORT MULTAN: Unexpected rains in May have destroyed the cultivated cotton besides reducing the wheat procurement target by 30 per cent.
Experts say that climatic changes and discouraging agriculture policies are the reasons behind reduction in the wheat procurement and decline in cotton sowing by 1.7 million acres in southern Punjab.
They said that growers are reluctant to go for re-sowing due to high expenditures and poor output. "The heavy rainfall is not only the
STAFF REPORT ISB: Despite a complete ban by Iran on the import of Pakistani Kinnow and impact of temporary ban imposed by Russia on the import of fruits/vegetables from Pakistan last year, the country would surpass the 300,000 metric tons (MT) Kinnow export target.
"Since the season is still on, a further export of 15,000 MT to 20,000 MT is expected by the end of April," spokesman and former chairman, All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association
STAFF REPORT IBD: Pakistan is likely to miss wheat production target of 25 million tons set for 2013-2014 as growers have reduced the area under wheat cultivation following the provincial governments failure to increase wheat support price.
Wheat support price is generally announced before the start of its sowing season aimed to encourage farmers to cultivate wheat but the provincial governments refused to increase this price which is Rs 1200 per 40kg.
"It is the responsibility
STAFF REPORT IBD: The Federal Committee on Agriculture (FCA) has set up 25 million tons wheat production target during the Rabi 2013-14 with availability of fertilizer during December and January.
The meeting held at the PARC headquarters with Federal Food Minister Sikandar Hayat Bosan in the chair, reviewed the kharif crops 2013-14 and to plan production target Rabi Crops 2013-14 for major food crop wheat, gram, lentil, potato, onion, oilseed like rapeseed, mustard and to address