Connect with us

Latest News

The committee suggests importing urea for the Kharif season.

Published

on

To prevent a fertiliser shortfall, Rana Tanveer Hussain, the federal minister for national food security, has ordered the immediate purchase of two lac metric tonnes of urea.

According to the minister, there will be a 3.6% increase in urea consumption in Kharif compared to previous year. “For the country to have food security, fertiliser imports are required,” stated Rana Tanveer.

It will help to increase farm productivity, he claimed. “Timely urea imports will stabilise the local urea market and lower fertiliser prices,” the minister stated.

The local urea fertiliser facilities will all continue to operate at maximum efficiency, according to the minister of food security.

“For the benefit of farmers, the government is guaranteeing gas supply to the fertiliser industry,” stated the federal minister.

The Economic Coordination Committee (ECC) will make a definitive decision regarding the import of urea fertiliser during its upcoming meeting, according to a ministry official.

Latest News

We Put Pakistan On Route Of Development: Shehbaz Sharif

Published

on

By

It has been said by Prime Minister Shehbaz Sharif that the attack on Chinese nationals, coupled with the demonstration in the Federal Capital, is a replicate of the events that occurred in 2014-2015, when the visit of the Chinese President was delayed owing to the sit-in that was organized by the Pakistan Tehreek-e-Insaf (PTI).

He stated, when addressing the meeting of the Federal Cabinet, that we would not accept a replay of the events that occurred in 2014 and 2015 and that we will leave no stone unturned in order to ensure the safety and security of Chinese engineers.

Continue Reading

Business

Remittances from Workers

Published

on

By

In September of this year, the State Bank of Pakistan reported that remittances from overseas Pakistanis amounted to 2.8 billion dollars, reflecting a 29% increase compared to the remittances received in September of the previous year.

The SBP reports that, with a cumulative inflow of 8.8 billion US dollars in the first quarter of the financial year, workers’ remittances increased by 38.8 percent compared to the first quarter of the previous year.

Remittance inflows in September 2024 were primarily derived from Saudi Arabia at $681.3 million, the United Arab Emirates at $560.3 million, the United Kingdom at $423.6 million, and the United States of America at $274.9 million.

Continue Reading

Latest News

To clarify, the Finance Division has stated that Chinese engineers are not participating in the IPP Negotiations.

Published

on

By

In response to claims in the media that linked the two Chinese engineers who were killed in an explosion in Karachi to the ongoing IPP talks, the Finance Division has provided clarification.

The Finance Division issued a statement in which it stated that the government has been in negotiations with independent power producers (IPPs), one of which being the power plant for whom both of the Chinese engineers worked.

The engineers who passed away, on the other hand, were not taking part in the IPP discussions. Consequently, any impression that is formed to this effect by reporting in the media is incorrect and has no basis in reality.

Continue Reading

Trending