Pak Agri Outlook

Coffee may lower risk of multiple sclerosis

Added On 02-03-2015

Coffee may lower risk of multiple sclerosis

People who drink four to six cups of coffee daily may be less likely to get multiple sclerosis, according to...

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Tasmania bans fracking for another five years to protect agriculture

Added On 01-03-2015

Tasmania bans fracking for another five years to protect agriculture

The Tasmanian government will extend its ban on fracking for five years to protect the state’s agricultural industry. The ban announced...

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Pakistan’s water shortage creates dangerous agriculture conditions

Added On 01-03-2015

Pakistan’s water shortage creates dangerous agriculture conditions

A Pakistan Minister has warned that scarcity of water is a major issue looming in the country and efforts need...

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World Kitchen Garden Day-2014
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Agrihunt Flood Relief Operation-2014
Stake Holders Workshop on ICTs
UAF delegation Workshop
Fruit For Life - Plants Pics
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Agri News

Zardari concerned over continued neglect of agriculture sector

Pakistan People's Party Co-Chairman Asif Ali Zardari has expressed grave concern over the continued neglect of the agriculture sector by the present government resulting in despondency among the farming community...

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IRSA reduces water outflow from Tarbela by 25,000 cusecs

The Indus River System Authority (IRSA) has reduced water outflow off the Tarbela Dam on the mighty Indus River from 45,000 to 20,000 cusecs for irrigation and hydel power generation...

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Sustainable agriculture policy for Sindh Working committee formed

Steering Committee of People Network on Food and Agriculture (PNFA) formed "Working Committee on sustainable agriculture policy for Sindh" during the meeting arranged by Society for Environmental Actions, Reconstruction and...

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European wheat futures higher on US prices rebound

European wheat futures were higher on Friday, supported by a bounce in US prices, but activity was thin as traders awaited Monday's launch of new wheat futures by Euronext. May...

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Jordan tenders to buy 100,000 tonnes hard wheat

Jordan's state grain buyer has issued an international tender to purchase 100,000 tonnes of hard milling wheat which can be sourced from optional origins, European traders said on Monday. The...

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Euronext to launch new wheat futures on March 2

Euronext said on Wednesday its new premium-quality wheat futures will start trading on March 2, backed by fee discounts and a facility to switch positions from current wheat futures. The...

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Fertilizer Industry

Biochar emerges as soil amendm…

Biochar emerges as soil amendment for agriculture

Biochar emerges as a new soil amendment in agriculture. Biochar has potential as a valuable tool for the agricultural industry with...

Dirt in Danger: How Soil Aroun…

Dirt in Danger: How Soil Around the World is Threatened

“The soil is the great connector of our lives, the source and destination of all,” Wendell Berry penned in his...

Major soil problems of distric…

Major soil problems of district Kasur

Dist. Kasur consists of 3995 sq. km. Type 1 soil which is best for agriculture is present in dist. Kasur....

Pesticide Industry

Whitefly Damage

Whitefly Damage

Eggs are laid and immature stages of whitefly develop on the undersides of leaves on most crops. Adults congregate on younger leaves in most...



Every living organism exchanges feelings, attitudes, ideas, intentions and expectations with other specie fellows by the mean of dialog, non-verbal...

Leafcutter Ants

Leafcutter Ants

Facts, Identification & Control Scientific Name: Atta & Acromyrmex spp. Appearance There are two genera of leafcutter ants: Atta & Acromyrmex leafcutter ants....

Breeding and Genetics

Bill Gates, Computerized Plant…

Bill Gates, Computerized Plant Breeding and Contending with Hunger

This post is part of the Science Tuesday feature series on the USDA blog. Check back each week as we showcase stories...

Criticism on GMOs

Criticism on GMOs

Agricultural biotechnology was come into existence in the early 1980s. Over 20 years scientists developed useful methods for incorporating genes...

Issues in agriculture of Pakis…

Issues in agriculture of Pakistan

Pakistan is the country where agriculture has a key role in the GDP. Agriculture shares about 21% in GDP. There...

  • Written by Business Recorder

Cabinet set to approve Saudi credit facility for urea import

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The federal cabinet is to accord approval to the signing of an export credit facility for the import of urea from Saudi Arabia. Officials said that in March this year, the Finance Division had informed the Economic Affairs Division (EAD) that $588 million will be required to import 1.2 million tons of urea during 2012-2013. 

The EAD was accordingly asked to approach the Saudi Fund for Development (SFD) for financing of $100 million for import of urea. The sources said Saudi Arabia, through SFD, had been extending credit facility to Pakistan for import of urea in the past as well. Under this facility, urea worth $200 million was imported in 2009 and also in 2011 for an amount of $100 million. 

On the request of EAD, the SFD agreed to consider providing $100 million for import of urea and accordingly sent a draft financing agreement for government approval. The draft was circulated to all stakeholders namely, the Ministry of Finance, Ministry of Commerce, Ministry of Industries, State Bank of Pakistan and Trading Corporation of Pakistan for views and comments. All of them have consented to the draft agreement. The Law and Justice Division has also vetted the draft agreement from legal point of view. EAD, in its summary, said that in view of the shortage of urea in the country for Rabi crop, it is important that the government may sign this facility as early as possible to ensure its timely arrival. 

Copyright Business Recorder, 2012

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