Pak Agri Outlook

Future Climate Impact to Cast Pakistan

Added On 25-03-2015

Future Climate Impact to Cast Pakistan

ACCORDING TO the strategy, environmental degradation costs Pakistan six per cent of GDP per annum. NSDS calls for evolving a...

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Treating Brown Fronds On Boston Fern Plant

Added On 24-03-2015

Treating Brown Fronds On Boston Fern Plant

Boston ferns are old-fashioned plants that bring the elegance of turn of the century parlors to the modern home. They put...

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Protecting Roses In Winter: How To Repair Winter Damage To Roses

Added On 22-03-2015

Protecting Roses In Winter: How To Repair Winter Damage To Roses

The winter season can be very hard on rose bushes in a variety of ways. That being said, there are things we...

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Multimedia Gallery

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  • 3 free medical camp with the help of YDA Multan 5 free medical camp with the help of YDA Multan 4 free medical camp with the help of YDA Multan 3 free medical camp with the help of YDA Multan 2 free medical camp with the help of YDA Multan 1 free medical camp with the help of YDA Multan
Agrihunt Annual Prize Distribution Ceremony-2015 - 6
Agrihunt Annual Prize Distribution Ceremony-2015 - 5
Agrihunt Annual Prize Distribution Ceremony-2015 - 4
Agrihunt Annual Prize Distribution Ceremony-2015 - 3
Agrihunt Annual Prize Distribution Ceremony-2015-2
Agrihunt Annual Prize Distribution Ceremony-2015 - 1
Agrihunt Team get together on 5-3-2015
Agrihunt get together on 5-3-2015
flower pic
World Kitchen Garden Day-2014
Agrihunt Flood Relief. Operation-2k14.

Agri News

Canadian canola futures fall 28 March2015

ICE Canadian canola futures dipped on Thursday, led lower by funds selling the nearby contract and soybean weakness. Steeper losses in the May contract, which fell below its 50-day moving...

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12.5 percent RD imposed on iron and steel products'' import

The Federal Board of Revenue (FBR) has imposed 12.5 percent regulatory duty on the import of tubes, pipes and hollow profiles, of cast iron, tubes, pipes and hollow profiles, seamless,...

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Marvi opens Agriculture Bank branch for women

Chairperson Benazir Income Support Programme (BISP), Marvi Memon on Friday inaugurated an Agriculture Bank separate branch for women at Gahkuch district headquarters. While addressing the inaugural ceremony, she said steps...

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Daily trading report of PMEX 28 March 2015

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 4.326 billion as compared to PKR 2.825 billion reported on Wednesday, an increase of 53 percent. The number of...

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Irsa foresees no water shortage for Kharif crops

The technical committee of Indus River System Authority (Irsa) comprising senior provincial technical representatives and meteorological experts has assessed there would be no shortage of water for sowing and maturing...

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February fertilizer offtake down 21 percent MoM

Total fertilizer offtake for February '15 fell by 21 percent (MoM) to 606,000 tons from 766,000 tons in Jan'15. According to InvestCap research report, the reason for the decline in...

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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

Prospects of hybrid sorghum fo…

Prospects of hybrid sorghum for enhancing productivity of sorghum

Sorghum bicolor, commonly called sorghum also known as durra, jowari, or milo, is a grass species cultivated for its grain, which is used for food, both for...

IP status of seed industry in …

IP status of seed industry in Pakistan

Intellectual property is defined as, the items of information that can be changed into real or tangible things at once....

Southern Blotting-A new techni…

Southern Blotting-A new technique for detection of DNA sequence

A Southern blot is a method used in molecular biology for detection of a specific DNA sequence in DNA samples....

  • 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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