Tag: agriculture sector
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Farmers protest: From India to Europe
Farmers are protesting from India to Europe, separately, for their rights and to register their rebellion with sitting governments against soaring fuel, and fertilizer costs, lower prices of their produce, and restrictive regulations. The protests are shedding light on the very pertinent issues faced by the primary food-producing sector of countries owning big agricultural markets.…
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Agricultural boom: Pakistan’s farm exports surge by more than 70%
In October 2023, Pakistan experienced a notable surge in exports, marking a 13.5 per cent increase to reach $2.7 billion, as reported by the Pakistan Business Forum (PBF).
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Army gets more land for ‘agriculture’
The Pakistan Army is set to start agriculture farming on 41,000 acres of land in South Waziristan’s Zarmalam area. Peshawar Corps Commander Lieutenant General Sardar Hasan Azhar Hayat has said that the army was determined to increase agricultural farming in Khyber Pakhtunkhwa, as per Geo News. Lt Gen Hayat said the army has prepared a…
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World Bank urges urgent economic reforms in Pakistan to tackle rising poverty
The World Bank has issued a grave warning regarding Pakistan’s economic state, urging the nation to take swift action. They propose taxing key sectors like agriculture and real estate while reducing wasteful expenditures to stabilise the economy. This endeavour aims for a significant fiscal adjustment, equivalent to over 7 percent of Pakistan’s economic size.
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Saudi Arabia to invest $25 billion in Pakistan over five years: PM Kakar
On Monday, Interim Prime Minister Anwaarul Haq Kakar announced that the Kingdom of Saudi Arabia (KSA) intends to invest a substantial sum of up to $25 billion in Pakistan over the next two to five years.
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Pakistan puts brakes on diesel imports: Economic slowdown and smuggling impact
In response to a drop in demand within Pakistan due to an economic slowdown and smuggling from Iran, the country opted not to import high-speed diesel (HSD) in July.
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Pakistan’s inflation forecasted to remain between 25-27% for July, says Finance Ministry
The Ministry of Finance anticipates a decline in inflation for the month of July compared to the previous month, with expectations of it remaining within the range of 25-27 per cent. The ministry’s ‘Monthly Economic Update & Outlook’ for July attributes this anticipated decrease to the recent reduction in administered prices of petrol and diesel,…
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‘Second green revolution’ promised by PM Shehbaz through Green Pakistan Initiative
After a series of moves aimed to protect Pakistan’s failing economy, including securing a crucial IMF deal, Prime Minister Shehbaz Sharif has now set his sights on supporting what he calls the backbone of Pakistan’s economy: the agricultural sector. Through his Green Pakistan Initiative, inaugurated on Monday, July 10, PM Shehbaz says 4 million jobs…
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Punjab increases govt employees’ pay by 30%, pensioners above 80 to receive 20% raise
In a significant development, the interim Punjab cabinet, headed by caretaker Chief Minister Mohsin Naqvi, has approved the provincial budget for the initial four months of the fiscal year 2023-24. The cabinet meeting, held on Monday, saw the endorsement of several key measures aimed at providing relief to the people and promoting various sectors of…
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Pakistan’s finance ministry predicts high inflation to persist
As per the Finance Ministry’s monthly economic update and outlook for February, inflation is projected to range from 28 per cent to 30 per cent in the near future, before gradually subsiding. The report cites several reasons for this, including an uncertain political and economic environment, currency depreciation, a recent increase in energy prices, and…