Government Clampdown Squeezes Engro Amid Fertilizer Industry Scrutiny

    By NewzTodays Editorial Team | February 16, 2024

    By Newztodays Team Engro has felt the heat of removing the subsidy on gas feedstock and referring the case to the Competition Commission of Pakistan (CCP) to probe undue increases in urea prices after claiming to produce higher production to meet the food security needs of the country. Engro is one of those fertilizer manufacturers…

    Import of wheat to impact local wheat prices in Pakistan

    By NewzTodays Editorial Team | February 13, 2024

    By Newztodays Team The Economic Coordination Committee (ECC) has allowed the Import of wheat which will impact local wheat prices in Pakistan sanctioned the import of wheat and the export of wheat flour ahead of the local wheat crop’s arrival in the market in the coming months. The decision to allow wheat importation is likely…

    PSW starts receiving e-phyto for imports of Agri goods

    By NewzTodays Editorial Team | January 29, 2024

    Staff Report In continuation of its ongoing integration with the E-Phyto Hub, Pakistan Single Window (PSW) has commenced receiving electronic phytosanitary certificates (e-Phyto) for imports of agricultural goods and commodities. The PSW platform has already been sending e-Phytos on export of goods since integrating with the e-Phyto Hub in November 2023. Since then, more than…

    Gas Consumers Burdened with Rs 15b to Subsidize Gas for Fertilizer Plants

    By NewzTodays Editorial Team | December 26, 2023

    Staff Report The federal government has imposed a Rs 15 billion burden on gas consumers to subsidize gas for fertilizer plants. The caretaker government has decided that the regulator will recover this amount from gas consumers starting January 1, 2024. This cost was initially to be shared between the federal and provincial governments. However, they…

    U.S Envoy and FAO Mark Completion of $1.3M Farming Project

    By NewzTodays Editorial Team | November 28, 2023

    U.S. Ambassador Donald A. Blome participated in a closing event of a five-year, $1.3 million U.S. Embassy-funded sustainable farming project. The Alternative Livelihoods Options Project, which was implemented by the FAO with the assistance of the KP government, has helped 3,700 farmers, including over 600 women, increase their incomes by teaching them improved agricultural practices…

    Govt Projects Cotton Production at 11.5m bales, Up by 126.6%

    By NewzTodays Editorial Team | October 11, 2023

    The government has projected Cotton production at 11.5m bales from an area of 2.4 million hectares showing a bumper increase of 126.6% in production for 2023-24 over the last year. A High-Powered Federal Committee on Agriculture (FCA),s meeting for Rabi Season (2023-24) is held on 11th October, 2023 under the Chairmanship of Prof. Dr. Kauser…

    Cotton Arrivals Cross 5m Bales, Up 71% YoY Growth

    By NewzTodays Editorial Team | October 3, 2023

    A milestone in Pakistan’s cotton sector was reached as cotton arrivals for the year 2023 exceeded expectations, demonstrating remarkable growth in production. Cotton arrivals as of September 30, 2023, soared to an impressive 5.0 million bales, representing an astounding 71% year-on-year growth. Pakistan’s Cotton Production to Cross 10m Bales in a Decade This accomplishment is…

    TCP To Purchase one Million Cotton Bales

    By NewzTodays Editorial Team | August 8, 2023

    Trading Corporation of Pakistan (TCP) has decided to purchase one million bales of cotton nationwide following a decline in cotton prices in the open market and falling below the intervention threshold. Bids for appointments have been solicited from cotton procurement agents, the Cotton Procurement Firm, and labor contractors. The surge in cotton prices within the…

    Pakistan’s Cotton Production to Cross 10m Bales in a Decade

    By NewzTodays Editorial Team | July 18, 2023

    Pakistan’s cotton production is expected to cross 10 million bales for the first time during the last decade. Cotton industry officials say that the cotton production target had been set at 12.7 million bales but actual production could cross 10 million bales this year. For the first time in the country’s history, collective cotton production…

    Government To Provide Direct Subsidy on Fertilizer to Farmers

    By NewzTodays Editorial Team | June 6, 2023

    By: Omed Hajjana The government has decided to provide direct subsidy on fertilizer to farmers after the urea manufacturers refuse to pass on full relief of subsidized gas. Fertilizer manufacturers have been receiving cheaper gas but they have been providing expensive fertilizer to farmers. They had also collected multibillion rupees of GIDC from farmers but…