Thursday March 18, 2010 
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 Agriculture & Allied[1-5 of 5 stories]  
 Pakistan   |   World  

Ministry directed to review fertilisers situation thoroughly
ISLAMABAD (March 18, 2010): The Ministry of Industries and Production is understood to have been directed by Prime Minister Yousaf Raza Gilani to review anticipated additional production, demand thoroughly, and price of fertilisers in the short and long term, official sources told Business Recorder.



No change in minimum guaranteed wheat support price, National Assembly told
ISLAMABAD (March 18, 2010): The government on Wednesday informed the National Assembly (NA) that there will be no change in the minimum guaranteed wheat support price to safeguard the interests of the common man. Responding to a call attention notice about non-fixation of wheat price, Parliamentary Secretary for Agriculture Liaquat Ali Khan told the House that prices of wheat were on the high side in the international market last year due to which its price was fixed at Rs 950 per forty kilogram last year.



Shahbaz for promotion of horticulture
LAHORE (March 18, 2010): Punjab Chief Minister Muhammad Shahbaz Sharif has said that besides transparent and quality completion of development projects, the policy regarding promotion of horticulture should also be implemented and maximum tree plantation should be carried out at development projects as it will add beauty to the projects.



Rs 498 million package for promotion of gem sector on the cards
PESHAWAR (March 18, 2010): The Ministry of Commerce has hinted at the approval of an amount of Rs 498 million for promotion of gemstone sector and acquisition of 33 kanal land for setting up new building of Gems and Gemological Institute of Pakistan (GGIP).



Balochistan to begin zinc production for trade
ISLAMABAD (March 18, 2010): The production of Zinc and Lead (Graphite) minerals for trading purpose will soon begin from Dilband area in Balochistan province. According to a private news channel quoting sources of Ministry for Minerals that the mining of the aforesaid minerals is underway on trial basis and it is hoped that the production of the minerals will be kicked off within a few months to come.



SBP organising 'Hari Melo' on March 19
HYDERABAD (March 17, 2010): The State Bank of Pakistan (SBP) Banking Services Corporation (BSC) Hyderabad in collaboration with Habib Bank Limited is organising "Hari Melo" on March 19, 2010 at Shaheed Benazir Auditorium, Mirpurkhas. The Hari Melo event would be inaugurated by Provincial Minister for Agriculture Syed Ali Nawaz Shah.



Gondal for introducing high-tech irrigation system
ISLAMABAD (March 17, 2010): Minister for Food and Agriculture, Nazar Muhammad Gondal on Tuesday said that conserving water through the high efficiency irrigation system is the only solution to overcome the water shortage in the country.



Irsa cuts water outflows after depletion of reservoirs
LAHORE (March 17, 2010): The Indus River System Authority reduced water outflows downstream the Tarbela dam on river Indus by 10,000 cusecs on Tuesday as the country's biggest reservoir was completely emptied on Monday night and has asked the provinces to adjust their water needs accordingly.



62 farmers to get tractors
BAHAWALPUR (March 17, 2010): As many as 62 tractors will be given to the farmers of Cholistan through a draw, learnt newsmen here on Tuesday. According to official sources, as many as 2,088 farmers had submitted applications for tractors, out of which 1,986 were short-listed for the draw. The draw will be held on March 22.



TCP issues 0.125 million tons of urea import tender
KARACHI (March 17, 2010): Following the directive of Economic Co-ordination Committee (ECC), the Trading Corporation of Pakistan (TCP) on Tuesday issued first tender for 125,000 tons urea import on short notice to meet shortage in Kharif season.


  

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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 84.25
SellingRs 84.30
Dollar drifts lower
8556.86  199.43
Sectoral Indices 
Market at Close
BRIndex-30 8,556.78
KSE-30 Index 10,344.15
KSE-100 Index 10,007.87
LSE-25 Index 3,152.94
ISE-10 Index 2,457.77
Gold Per 10gm 30,857.00
KCA Spot Rate 5,500.00
Libor Rate 0.40188
World Indices
Index Closing Chg%
DJIA 10,733.67 0.45
Nasdaq 2,389.09 0.47
S&P 1,166.21 0.58
FTSE 5,644.63 0.40
DAX 6,024.28 0.89
CAC-40 3,957.89 0.48
Nikkei 10,744.03 0.95
H.Seng 21,330.67 0.25
Sensex 17,519.26 0.17
NY Closing
Euro 0.7282
Sterling 0.6528
Swiss Franc 1.0546
Yen 90.321
Gold 1122.30
Cotton 81.170
Oil 82.70
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyFebruary
Trade Balance $-964 bln
Exports $1.53 bln
Imports $2.50 bln
WeeklyMarch 15, 2010
Reserves $14.725 bln
 











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