AFP urges government to raise agriculture labourers' wages
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- Created on Wednesday, 01 May 2013 09:10
- Written by Business Recorder
Agri Forum Pakistan (AFP) Dr Ibrahim Mughal has urged the government to pay wages to agricultural labourers in commensurate with the wages being given to industrial workers besides ensuring health and education facilities to them and their families. Talking to media persons, here on Tuesday he said that 21 million labourers are attached with the agricultural sector out of the total 43 million work
Kharif crops 2013: PPCBL to provide Rs 2.5 billion loans to farmers
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- Created on Wednesday, 01 May 2013 09:08
- Written by Business Recorder
The Punjab Provincial Co-operative Bank Ltd (PPCBL) has allocated Rs 2.5 billion for advancing loans to small farmers for sowing, growing and maturing the Kharif crop 2013. The bank has started disbursement of loans with immediate effect. This was stated by Punjab Secretary Co-operative, Dr Amir Ahmad who gave approval to the new loan disbursement policy for Kharif crops here on Tuesday. He said t
ADB gives $73 million to rehabilitate canal, barrage
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- Created on Wednesday, 01 May 2013 09:07
- Written by Business Recorder
The Asian Development Bank (ADB) and the Government of Pakistan Tuesday signed an agreement to invest $73 million in rehabilitating Pakpattan Canal and Suleimanki Barrage in Punjab. "The rehabilitation of Pakpattan and its linked cannels, and installation of new gates at Suleimanki barrage will reduce water losses and will improve water delivery systems benefiting about 2.6 million people in four
Water rotation programme in Hala Division
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- Created on Wednesday, 01 May 2013 09:06
- Written by Business Recorder
The Executive Engineer of Hala Division on Tuesday announced a new water rotation programme because of shortage of water in Rohri Canal. According to announcement, water supply to Massu Minor-I, Punnu Minor, Saeed Khan Shakh and Rahuki Shak of Massu Sub-Division was stopped from May 1 till May 7, now water will be available in these waterways between May 7 and May 15. Similarly, water supply to Ja
On-farm water management: Nawaz vows to increase irrigation intensity
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- Created on Wednesday, 01 May 2013 09:04
- Written by Business Recorder
Pakistan Muslim League-Nawaz (PML-N) President Muhammad Nawaz Sharif has expressed his firm resolve to increase irrigation intensity through fuller utilisation of available water resources by expanding the on-farm water management programmes and generating hydel electricity on a large scale from local water reservoirs and small dams. "We would build consensus on the basis of the 1991 Water Accord
FCCL posts Rs 1.18 EPS in nine months of fiscal year 2013
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- Created on Wednesday, 01 May 2013 09:04
- Written by Business Recorder
Fauji Cement Company (FCCL) on Tuesday announced 9MFY13 Earning Per Share (EPS) of Rs 1.18 against Rs 0.11 of the same period last fiscal year. FCCL's new production line enabled it to post volumetric growth of 26 percent. Aided further by rising net retention price, the company recorded topline growth of 56 percent to Rs 11.6 billion as against Rs 7.5 billion during the corresponding period last
MoF agrees to extend Rs 11 billion under Rescue Plan
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- Created on Wednesday, 01 May 2013 09:02
- Written by Business Recorder
Minister for Industries and Production, Shehzada Ahsan Ashraf Sheikh said on Tuesday that the Finance Ministry has agreed in principle to extend a one time Rescue Plan of Rs 11 billion to the bleeding Pakistan Steel Mills (PSM) to be formally approved on Thursday. Caretaker Prime Minister Mir Hazar Khan Khoso, who presided over an informal meeting on Tuesday, urged the Finance Ministry to extend f
Gold dips in Asia
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- Created on Wednesday, 01 May 2013 09:00
- Written by Business Recorder