fbpx
Booking overseas link
Booking overseas link

Category

Sindh aims for 4 million tons’ wheat production

Sindh aims for 4 million tons’ wheat production

Wheat harvesting has begun in lower parts of Sindh, while the purchase of wheat by owners of roller flour mills and chakkis is in full swing.

According to a local report that analyzed official figures, the province has surpassed its wheat acreage target for 2020-21, as 100.01 percent of sowing was achieved against 1,200,160 hectares (ha).

Read Careem engineering proposes remote global opportunities for Pakistanis.

The government set the target of four million tonnes of grain production for the current season. Growers anticipate healthy wheat crop production due to the size of the grain.

It is pertinent to mention here that Sindh had missed the sowing target set for last year by 1.4pc as 1,134,219ha was brought under cultivation against a target of 1,150,000ha, although a production of 3,848,105 tonnes – 1.3pc up from the target of 3,800,000 tonnes – was achieved.

Read Digital library inaugurated at KU.

The provincial food department has decided to procure 1.4m tonnes of wheat at a support price of Rs2,000 per 40kg, announced by the local government. But the rate has not been notified yet. The federal government has, however, fixed the rate at Rs1,650 per 40kg.

For more updates, please visit the Sky Marketing website.

 

Rupee to continue the upward trend against US dollar

Rupee to continue the upward trend against US dollar

Islamabad: The Pakistani rupee will continue its upward trend against the US dollar despite some challenges.

According to a Khaleej Times report, analysts and market experts said the currency would be a significant beneficiary of higher GDP growth, rising foreign exchange reserves, and consistent remittances inflows of over $2 billion during the first eight months of the current financial year (8MFY21).

Read Pakistan keen to strengthen trade ties with EU, FM tells envoys.

The rupee has so far appreciated 1.7 percent against the dollar this year and closed at 157.12 on the interbank market on Friday. Against the UAE dirham, it ended slightly up at 42.77 against 43.6 on January 8, reflecting an appreciation of 1.9 percent.

According to the latest data released by the State Bank of Pakistan (SBP), Pakistan’s economy is expected to post 2.5 percent GDP growth in the current fiscal year ending June 2021 after contracting 0.4 percent last year as the government’s policy measures start yielding positive results.

Read ECC is likely to approve Rs. 114 billion subsidies for Power Division

Pakistan Business Council Vice President for Finance, Muhammad Nafees, said the value of a currency is directly related to the current account position.

For more updates, please visit the Sky Marketing website.

 

NEPRA approves supply of additional 150 megawatts to K-Electric

NEPRA approves supply of additional 150 megawatts to K-Electric

The National Electric Power Regulatory Authority (NEPRA) has approved a tripartite power purchase agreement (TPPA) among K-Electric, National Transmission and Dispatch Company (NTDC), and Central Power Purchase Agency (CPPA) for 150MW additional power supply to Karachi from the national grid.

Read MoIP proposes record Rs. 6.37 billion Ramzan relief package

The Economic Coordination Committee (ECC) of the cabinet had already approved the additional 150MW power supply to Karachi. The ECC had “decided that this arrangement is completely separate and would have no nexus whatsoever to the existing agreement for the supply of 650MW by NTDC to KE”.

Read Twin cities to use new landfill sites near Chakwal jointly.

Under the TPPA, power generation of 50MW each from wind power plants of Tenaga, Zephyr, and Hydro China Dawood will be supplied to KE through the national grid.

For more updates, please visit the Sky Marketing website.

 

Ministry seeks Rs. 1.5 billion grant for disbursement of loans under PM’s low-cost housing scheme

Ministry seeks Rs. 1.5 billion grant for disbursement of loans under PM’s low-cost housing scheme

Islamabad: The Ministry of Housing & Works has asked the federal cabinet’s Economic Coordination Committee (ECC) to approve an Rs1,500 million technical supplementary grant (TSG) to disburse interest-free loans to borrowers under the Prime Minister’s Low-Cost Housing Scheme.

Read 23 Miyawaki trees to be planted in Islamabad.

According to sources, the ECC meeting, likely to be held next week, is expected to decide on allocating funds for the current financial year (FY21) to the housing & works ministry.

Sources said the Ministry of Housing & Works had requested the Finance Division to provide the surrendered amount of Rs2,000 million and immediately allocate Rs1,500 billion for FY21 to be released to AIM as per service agreement for disbursement of interest-free loans.

Read Pakistan among the most desirable tourist destinations in the world.

It is also learned from the sources that the Finance Division has already directed the officials concerned to make necessary funds available for the Housing & Works Division.

For more updates, please visit the Sky Marketing website.

 

Minister urges private sector to invest in tourism development

Minister urges private sector to invest in tourism development

Islamabad: Minister for Energy Omar Ayub has urged the private sector should come forward for the development of necessary infrastructure at the tourist spots.

Addressing a ceremony organized by Pakistan Tourism Forum (PTF) here on Sunday, he said the government is emphasizing the promotion of domestic and foreign tourism in the country to accelerate economic activities and create job opportunities.

Read Malir Halt-Numaish corridor to start soon.

He suggested that infrastructure related to adventure sports be considered, adding that the youth would be interested in skydiving, paragliding, and mountaineering.

Omar Ayub thanked the armed forces and the private sector for making the Islamabad Tourism Festival a successful event.

Read NITB Develops Mobile Application to Facilitate Differently-Abled Children

Earlier, Prime Minister (PM) Imran Khan had also called for exploiting immense tourism potential in Khyber Pakhtunkhwa (KP).

Speaking to parliamentarians, who had called on him, the PM assured the provincial government of all-out support to promote tourism and conserve forests to cope with the province’s environmental challenges.

For more updates, please visit the Sky Marketing website.

 

Chat via WhatsApp