The procurement of sub-standard rice and its late disposal inflicted a loss of Rs 11 billion on the national exchequer, a report compiled by the Auditor-General of Pakistan said. According to the Audit Report 2011-12 on Accounts of Public Sector…
The Cabinet Committee on Restructuring (CCoR) would regularly monitor the performance of Pakistan Steel Mills (PSM) prior to the release of the approved bailout package, an official told Business Recorder on Thursday. The official said that the government would not…
The Punjab government has fixed August 22 as the last date for submission of applications for participation in the process for availing the Green Tractor Scheme under which 20,000 tractors would be given to the farmers on subsidised rates. Sources…
The profit after tax of Fauji Fertiliser Co (FFC) has substantially increased to Rs 6.459 billion in the quarter ended June 30, 2012 as compared to Rs 4.079 billion earned in the corresponding quarter in 2011. The company’s earning per…
The US Agency for International Development (USAID) through the USAID Firms Project is launching a pilot programme to assist date farming and processing small and medium enterprises (SMEs) from Khairpur and Sukkur, Sindh. Khairpur and Sukkur are Pakistan’s chief date-producing…
Hasty buying of wheat for export market has created panic in the commodity market with wheat price registering an increase of Rs 1,250 per ton in the domestic market during a week. Market sources told Business Recorder on Wednesday that…
Russian President Vladimir Putin is to visit Pakistan in September 2012 during which a number of pacts are expected to be signed between the two countries including expansion of Pakistan Steel Mills (PSM) up to three million tons per year,…
Contrary to the other kitchen items, prices of poultry products have registered a sharp decline after the arrival of Ramazan, as the chicken meat rate has fallen by over Rs 90 per Kg while live bird prices have dropped by…
Punjab Irrigation department has said that the water regulatory body Irsa is meeting all the water indents of the provinces for sowing and growing the strategic Kharif crops, including cotton, sugarcane, paddy, maize, vegetables, fodder etc. Talking to Business Recorder here on…
Punjab government has evolved a well-knitted plan for the promotion of agriculture sector on modern line in the Punjab. The government under the plan is taking adequate steps to facilitate the rural youth especially engaged with the agriculture sector in…
