Finance reviews framework to facilitate the farmers through Warehouse Receipt Financing

ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh, chaired a meeting to discuss the framework to facilitate the farmers through Warehouse Receipt Financing (WHRF). The Adviser was briefed about the importance of storage infrastructure for agriculture commodities which could save billion of rupees… Continue reading

State Bank of Pakistan issues three Shariah compliant refinance schemes

KARACHI: State Bank of Pakistan has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry. Currently, SBP offers various subsidized refinance facilities to the banks / DFIs to channelise the funds into priority sectors. It is worth mentioning here that… Continue reading

Pak-China to prepare Gwadar for future investment

ISLAMABAD: The Chinese Ambassador to Pakistan Yao Jing called on Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar here on Wednesday. Matters of mutual interest including progress on China Pakistan Economic Corridor (CPEC) projects came under discussion during the meeting, Press Information Department PID reported. The meeting was also… Continue reading

‘Harnessing technology platforms is the way forward for enhancing agricultural productivity’

KARACHI: “I would urge the stakeholders including banks, federal and provincial governments to harness technology platforms for enhancing agricultural productivity”, said Tariq Bajwa, Governor State Bank of Pakistan while presiding the mid-term review meeting of Agricultural Credit Advisory Committee (ACAC) held in Hyderabad on 7th February, 2019. “Holding ACAC meetings… Continue reading

DRIP irrigation promise massive potential to save water

LAHORE: Nestlé Waters Senior Vice President and Head of Technical, Peter Hagmann, inaugurated a site near Sheikhupura under Nestlé Pakistan’s Agricultural Efficiency Project. The project has the potential to help save 54 million liters of water annually. It is part of the company’s ‘Caring for Water’ initiative which undertakes collective approach to… Continue reading

Ministry discussed proposal to do away with GIDC on fertilizers

ISLAMABAD: The consultative meeting of the Ministry of Planning and Development took up a proposal to do away with Gas Infrastructure Development Cess (GIDC) on fertilizers especially urea, and to provide relief to farmers through provision of subsidy on agriculture inputs. Federal Minister for Planning, Development & Reform & Statistics… Continue reading

Minnesota based Cargill announced $200 million investment in Pakistan’s agriculture

ISLAMABAD: Minnesota based Cargill Corporation has announced plans to invest more than $200 million in the next three-to-five years in Pakistan betting on rising agriculture and food demand in the country. The announcement was made soon after Cargill’s global executive team, led by Marcel Smits, head of Global Strategy and… Continue reading

NBP, United Insurance sign deal to support agriculture

KARACHI: National Bank of Pakistan and United Insurance Company (UIC) have entered a deal to support the agriculture sector of the country. According to the deal, the United Insurance Company (UIC) will provide insurance cover to agriculture and livestock farmers against losses. Speaking on the occasion, Chairman of the United… Continue reading