Govt mulls offering international price to cotton growers
July 21, 2021
LAHORE: The federal government is pursuing a proposal to offer an internationally competitive support price to cotton growers in the country to incentivise cultivation and to pump money into the rural economy.
Federal government has constituted a committee to determine cotton support price for local farmers under an innovative formula, which can eventually dole out 90 percent of prevalent international price plus freight charges.
Although the process of giving approval to the final cotton price mechanism runs at a snail’s pace, it has finally passed through the Economic Coordination Committee (ECC) of the Cabinet.
Pakistan poised for mammoth wheat production
Business
April 13, 2021
LAHORE: Latest reports from fields suggest an upsurge in wheat production, which may turn out to be a blessing for the country and make it self-sufficient in the grain. Wheat production this year may surpass previous records with a big margin, crossing 28.75 million tons, two million tons more than the previous high of 26.67 million tons in 2016/17, according to a survey conducted by The News.
If this feat is achieved, Pakistan may not require further imports at least in considerable quantities. Owing to last two back-to-back failures of crops, Pakistan had to import over two million tons during the last one year to meet shortfall in grain production. These reports are, however, in complete contrast to what federal government projected about the grain output. While reviewing performance of the rabi crops (2020/21) last week, the Federal Committee on Agricutlure estimated wheat production at 26.04 million tons,
Pakistan poised for mammoth wheat production thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
The game plan
April 6, 2021
A real challenge for Pakistan’s economy today is one of dynamism – the capacity to generate new ideas, products, business models and production techniques, and diffuse them quickly through the economy.
Keeping that perspective in mind, and the need for solving the sticky current issues, a game plan has not been easy to formulate. But we know better. Our economic future depends so dearly on what we do today in showcasing a game plan. Game plans are good. They signal certainty for the economic actors to make their decisions. They show the leadership is serious and in control of the economy.