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Minister stresses commodities’ reserves to control prices July 16, 2021 ISLAMABAD: Finance Minister Shaukat Tarin on Thursday underscored the importance of building strategic reserves of key commodities to eliminate undue profit margins and stabilise prices of the items of daily use. In a meeting with Special Assistant to the Prime Minister on Food Security Jamshed Iqbal, Tarin also desired to utilise his expertise to effectively control prices of essential food items on a regular basis to provide maximum relief to the general public. Tarin reiterated the firm commitment of the government to provide essential food items at affordable prices to the consumers throughout the country. The government is encouraging imports of sugar and wheat to reduce the gap between demand and supply. ....
Import contracts for 500,000 cotton bales finalised July 11, 2021 KARACHI: Pakistan has finalised import contracts of 500,000 cotton bales to reduce gap in demand and supply with prices in the domestic market seen increasing, traders said on Saturday. During the outgoing week, Pakistan remained the top importer with 24,000 bales, according to the United States Department of Agriculture. Cotton prices increased in Brazil, Central Asia and India, it said in a weekly report. During the outgoing week, prices of cotton remained at Rs13,250 to Rs13,350 per maund in Sindh. Seed-cotton was available at Rs5,800 to Rs6,000 per 40-kg in the province. Cotton fetched Rs13,500 to Rs13,800 per maund in the Punjab where seed-cotton was available at Rs6,000 to Rs6,700 per 40-kg, which is a record price during these days. Cotton price in Balochistan remained at Rs13,350 to Rs13,400 per maund. ....
Daily Times July 2, 2021 Special Assistant to Prime Minister (SAMP) on Food Security, Jamshed Iqbal Cheema Thursday said that food security was as important as national security for any country, therefore the government accorded special heed towards promotion of agriculture sector to make the country net food exporter in years to come. Addressing the launching ceremony of Agriculture Transformation Plan, he said that despite being an agrarian economy country was importing food items to fulfill its domestic requirements, adding that since 1980 Pakistan has been net importer of food products due to negligence and less attention of respective governments to this very important sector. ....
Agriculture transformation plan being launched on July 1 to protect growers, consumers, industry: SAPM dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.