Articles for tag: buy, ECC, purchase, Wheat

April 6, 2024

Islamabad: The federal government on Friday set its wheat procurement target at 2.5 million metric tonnes, which was 69% below this year’s target due to Punjab’s absence from the campaign, and sanctioned loans of Rs 275 billion to buy the commodity. The Economic Coordination Committee (ECC) of the cabinet has approved wheat procurement targets for Pakistan Agricultural Storage and Services Corporation (Passco), Sindh and Balochistan. Punjab did not share the funding requirement and wheat procurement plan. Supply targets and support prices are approved by the provincial offices, but they need the permission of the center to take out loans. The

March 15, 2024

News Desk

Business

Farmers ask Sindh to start buying wheat

KARACHI: The growers’ bodies urged the Sindh government to immediately operate the wheat procurement centres, provide bags, purchase 1.4 million tonnes from farmers and increase the support price as all these steps will benefit and encourage the farmers. They said farmers had been harvesting wheat for the past two weeks, but the government’s procurement centers were still dysfunctional. Harvest time starts on February 20th and lasts until April 30th. They expected a bumper crop of over 5 million tonnes in Sindh due to favorable winter weather conditions, adequate water supply and other supporting factors. Almost 4.8 million tonnes of wheat

March 9, 2024

News Desk

Business

The wheat harvest target may be missed

Islamabad: Pakistan is likely to miss this year’s wheat production target due to high energy costs and manipulation of urea prices. Farmers were forced to buy urea at twice the actual price as they paid over Rs 5,000 per bag due to the alleged monopoly of the fertilizer industry. With the industry unable to take action against price manipulation, the caretaker government referred a case against fertilizer manufacturers to the Competition Commission of Pakistan. As input prices remain at higher levels, the country is likely to produce 29 million tonnes of wheat in the current period, three million tonnes short

November 30, 2023

News Desk

Business

Growers are sounding the alarm over the fertilizer crisis

KARACHI: Growers in Sindh have appealed to the federal and provincial governments, as well as Chief of Army Staff (COAS) General Asim Munir, to take notice and take immediate action to curb hoarding, smuggling, counterfeiting and black market urea and diammonium phosphate (DAP) fertilizers in Sindh immediately; Otherwise, food insecurity could result. “After asking the federal and provincial governments for action many times, I had to write a letter [available with The Express Tribune] to the COAS to address the insolvency of all the three fertilizer companies: Fauji Fertilizer Company Limited, Engro Fertilizers Limited and Fatima Fertilizer Company Limited. In

February 23, 2022

The Pakistan Daily

Pakistan allows first shipment of Indian wheat to Afghanistan

ISLAMABAD: Pakistan has agreed on an exceptional basis to allow the overland transportation of humanitarian assistance of 50,000 metric tons of wheat and lifesaving medicines from India for Afghanistan via the Attari-Wagah border up till Torkham. A statement issued by MOFA said that the aid was supplied through the first batch of 41 Afghan trucks that entered into Pakistan via Torkham, as Pakistani authorities had refused to accept the Indian condition of using Indian trucks for transportation. “The Afghan trucks are returning to Afghanistan today after loading the Indian wheat consignment, delivered at Attari-Wagah Border,” the statement read. MOFA said

ECC is OK 69% less wheat purchase

Farmers ask Sindh to start buying wheat

The wheat harvest target may be missed

Growers are sounding the alarm over the fertilizer crisis

Pakistan allows first shipment of Indian wheat to Afghanistan

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

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