Pakistan's Economy - News and Updates

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https://twitter.com/x/status/1127650490035134464

 

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[maithil]

https://twitter.com/x/status/1127521725380550656

https://twitter.com/x/status/1127786212109029376

 

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https://twitter.com/x/status/939520003090546689

 

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https://twitter.com/x/status/1127959462982160386

 

[maithil]

Inflation has started to hit people from lower economic strata. People have started to speak. Not good for govt. Urgent measures must be taken.

https://twitter.com/x/status/1128138231013265408

 

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https://twitter.com/x/status/1129198207815360512

 

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https://twitter.com/x/status/1128791725080764418

 

[thunderkaka]

Demand for Pakistani cotton increasing in int’l markets: official

Punjab Pest Warning & Quality Control of Pesticides Director General Muhammad Zafaryab Haider has said that the demand for Pakistani cotton is increasing in the international markets.

He expressed these views during his visit to Multan, Khokhran, Shujabad, Galewal and Lodhran areas where he monitored the ongoing activities of agriculture pest warning and provided technical guidance to growers in order to achieve the cotton sowing targets.

The DG said that cotton was the only crop which earned the most foreign exchange during the last 70 years. He hoped that cotton crop would be profitable this year and urged growers to follow the recommendations issued by the Agriculture Department for the cultivation of the cotton crop.

He said the Pakistan Cotton Ginners Association (PCGA) has shown an interest in providing Rs200 per maund extra premium to growers over clean cotton picking due to the increasing demand for cotton. “The availability of canal water remained better during recent Khareef season, especially in the cotton crop areas.”


He said Rs800 on potash and Rs500 subsidy on DAP per bag was being offered for proper usage of fertilisers and to reduce the cost of production on cotton crop.

He said there were not many chances of pink bollworm attack on the cotton crop this year owing to better off-season management. He advised the growers to complete cotton sowing by May 31 and cultivate the recommended cotton seeds only.

He urged growers to keep a strength of 35,000 cotton plants per acre, adding that the agriculture department officials were paying visits to cotton zones continuously to provide guidance to the growers.

Agriculture (Extension) Director Faiz Ahmad Kundi, Pest Warning Deputy Director Chaudhry Muhammad Ashraf and others were also present on the occasion.

https://profit.pakistantoday.com.pk...i-cotton-increasing-in-intl-markets-official/

 

[kris]

Demand for Pakistani cotton increasing in int’l markets: official

Punjab Pest Warning & Quality Control of Pesticides Director General Muhammad Zafaryab Haider has said that the demand for Pakistani cotton is increasing in the international markets.

He expressed these views during his visit to Multan, Khokhran, Shujabad, Galewal and Lodhran areas where he monitored the ongoing activities of agriculture pest warning and provided technical guidance to growers in order to achieve the cotton sowing targets.

The DG said that cotton was the only crop which earned the most foreign exchange during the last 70 years. He hoped that cotton crop would be profitable this year and urged growers to follow the recommendations issued by the Agriculture Department for the cultivation of the cotton crop.

He said the Pakistan Cotton Ginners Association (PCGA) has shown an interest in providing Rs200 per maund extra premium to growers over clean cotton picking due to the increasing demand for cotton. “The availability of canal water remained better during recent Khareef season, especially in the cotton crop areas.”


He said Rs800 on potash and Rs500 subsidy on DAP per bag was being offered for proper usage of fertilisers and to reduce the cost of production on cotton crop.

He said there were not many chances of pink bollworm attack on the cotton crop this year owing to better off-season management. He advised the growers to complete cotton sowing by May 31 and cultivate the recommended cotton seeds only.

He urged growers to keep a strength of 35,000 cotton plants per acre, adding that the agriculture department officials were paying visits to cotton zones continuously to provide guidance to the growers.

Agriculture (Extension) Director Faiz Ahmad Kundi, Pest Warning Deputy Director Chaudhry Muhammad Ashraf and others were also present on the occasion.

https://profit.pakistantoday.com.pk...i-cotton-increasing-in-intl-markets-official/

Kuwait To Invest Heavily In Pakistan

The authority is interested to invest in various sectors in Sindh mainly in infrastructure including roads network, energy, desalination, food security and fisheries

Islamabad (UrduPoint / Pakistan Point News – 18th May, 2019) The Kuwait Investment Authority (KIA) organization had come up with mega investment programme for Pakistan; with initial investment fund of 20 billion Dollars.

The authority is interested to invest in various sectors in Sindh mainly in infrastructure including roads network, energy, desalination, food security and fisheries under different investment modes that is, public-private partnership and independent power producers (IPP), build, operate and transfer (BOT), and build operate and own (BOO) basis.

The mode of investment would depend on viability of the projects.

These projects would might require guarantees and mechanism of recovery.

The representatives of World Bank and KIA held separate meetings with Sindh Minister for Works and Services, and Irrigation Syed Nasir Hussain Shah and discussed future development projects in different sectors for financing and investment.

In the first meeting Sindh Minister for Local Government Saeed Ghani also joined and discussed infrastructure development projects related to his department.

Special Assistant to Sindh Chief Minister, Ashfaq Memon, Provincial Secretaries for Works and Services Sajjad Hussain Abbasi, for Forests Abdul Rahim Soomro and for Irrigation Jamal Mustafa Syed and other senior officers attended the meeting.

Representative of KIA offered that his authority was ready to construct a large number of houses in Sindh with a payment under very easy installments; for example Rs 20,000 a month. This formula had proved very successful throughout the world, he said.

https://www.urdupoint.com/en/pakistan/kuwait-to-invest-heavily-in-pakistan-624278.html

A depreciating pkr probably makes sense why your exports now seem attractive.....

At least some positive news

 

[thunderkaka]

Kuwait To Invest Heavily In Pakistan

The authority is interested to invest in various sectors in Sindh mainly in infrastructure including roads network, energy, desalination, food security and fisheries

Islamabad (UrduPoint / Pakistan Point News – 18th May, 2019) The Kuwait Investment Authority (KIA) organization had come up with mega investment programme for Pakistan; with initial investment fund of 20 billion Dollars.

The authority is interested to invest in various sectors in Sindh mainly in infrastructure including roads network, energy, desalination, food security and fisheries under different investment modes that is, public-private partnership and independent power producers (IPP), build, operate and transfer (BOT), and build operate and own (BOO) basis.

The mode of investment would depend on viability of the projects.

These projects would might require guarantees and mechanism of recovery.

The representatives of World Bank and KIA held separate meetings with Sindh Minister for Works and Services, and Irrigation Syed Nasir Hussain Shah and discussed future development projects in different sectors for financing and investment.

In the first meeting Sindh Minister for Local Government Saeed Ghani also joined and discussed infrastructure development projects related to his department.

Special Assistant to Sindh Chief Minister, Ashfaq Memon, Provincial Secretaries for Works and Services Sajjad Hussain Abbasi, for Forests Abdul Rahim Soomro and for Irrigation Jamal Mustafa Syed and other senior officers attended the meeting.

Representative of KIA offered that his authority was ready to construct a large number of houses in Sindh with a payment under very easy installments; for example Rs 20,000 a month. This formula had proved very successful throughout the world, he said.

https://www.urdupoint.com/en/pakistan/kuwait-to-invest-heavily-in-pakistan-624278.html

 

[Turingsage]

A depreciating pkr probably makes sense why your exports now seem attractive.....

At least some positive news

There is just one fly in the ointment. On the day the PKR reached 150 to the dollar. Pakistans external debt increased by $4.63 Billion.
That is an INCREASE in 24 hrs of $4.63 Billion due to that rapid slip in value