Aftab Ahmed Islamabad: Water shortage for Punjab and Sindh provinces dropped to 13 percent on Tuesday following better inflows of water in the rivers. Indus River System Authority (Irsa) held a meeting on June 1, 2021, to review the water situation. The inflow of water in rivers has increased from 229100 cusecs to 252600 cusecs….
Aftab Ahmed Islamabad: Fauji Fertilizer Company Limited (FFC) has recorded a profit of Rs 5.8 billion in 1QCY21, up by 36 percent, mainly due to improved pricing dynamics of both the Urea and DAP segment. The fertilizer companies have reported higher profits in Pakistan due to demand in the agriculture sector. The prices of DAP…
Aftab Ahmed Islamabad: The increase in DAP price, increased margins, and offtake have turned Fauji Fertilizer Bin Qasim Limited (FFBL) from a loss into a profit of Rs 1.3 billion during 1QCY21. The higher sale price of DAP had pushed the margins of the company higher. The company had registered a loss of Rs 3 billion…
Aftab Ahmed The federal government on Friday decided to increase the wheat price to Rs 1800 per 40 kg. Earlier, the government had set the wheat support price at Rs 1650 per 40. Food Minister Syed Fakhar Imam had called for fixing the price at Rs 1800 per 40 kg but the ministers from urban…
Our Correspondent Islamabad: China will assist in developing date processing plants and onion cold storage in Southern Balochistan. Federal Minister for National Food Security and Research, Syed Fakhar Imam on Friday, had a farewell meeting with outgoing Chinese Ambassador to Pakistan, Yao Jing, and appreciated his contributions for fostering bilateral ties between the two countries….
Aftab Ahmed Islamabad: The Federal Cabinet under the chair of Prime Minister Imran Khan will approve a summary of the Ministry of Science & Technology for domestication and commercialization of medicinal and industrial Cannabis (Bhang). In Premier Imran Khan’s direction, the Ministry of Science & Technology has prepared a summary with the Ministry of Narcotics…
Aftab Ahmed Islamabad: The cabinet members have accused the fertilizer manufacturers of misuse of subsidy by denying passing on the subsidy’s impact on the poor farmers and demanding to check it. The fertilizer industry was given gas at discounted rates, but they pocketed billions from the poor farmers by charging higher fertilizer rates. Even they…
News Desk The federal government has accused the Sindh government of creating a wheat crisis following the refusal to release stocks. Addressing a press conference, Minister for National Food Security and Research, Syed Fakhr Imam said that the provincial government’s continuous refusal created problems for the federal government. He said that wheat prices would decline…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) is likely to approve the supply of RLNG at discounted rates to Agritech and Fatima fertilizer plants to resume operations to produce urea in a bid to meet the shortfall. The ECC will take a decision in its meeting scheduled on Wednesday. Gas rate of PKR 756/MMBTU…
Aftab Ahmed Islamabad: The PTI government has decided to disburse a subsidy of Rs 37 billion to the farmers directly through the scratching cash cards scheme during the current Kharif season but not indirectly through fertilizer manufacturing mafia as done by the previous governments. According to the scheme, the Federal Government would provide a subsidy…