Latest News

The committee suggests importing urea for the Kharif season.

Published

7 months ago

Farwa

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

In October 2024, Pakistan’s current account had a $349 million surplus.

Published

3 minutes ago

Farwa

October 2024 saw a surplus of 349 million dollars in Pakistan’s current account, compared to September and August 2024 surpluses of 86 million and 29 million dollars, respectively.

Data from the State Bank of Pakistan indicates that this is the second consecutive month with a current account surplus, and it is also the largest since March 2024.

Latest News

Pakistan Is Determined To Deepen Connections With The United States: Minister

Published

5 minutes ago

Farwa

According to Planning Minister Ahsan Iqbal, funding for education and health will be promoted.

During a ceremony in Islamabad, Ahsan Iqbal stated that Pakistan is essential to the advancement of regional connectivity.

He stated that we are dedicated to further solidifying the long-standing relationship between Pakistan and the United States.

The Pakistan-America Knowledge Corridor Program is extremely important, according to the Minister.

According to him, peace is essential for regional growth and prosperity.

Pakistan and the United States have numerous opportunities to strengthen their collaboration in a number of areas.

Latest News

Results of Prudent Economic Policies. Fiscal restraint and reforms to stabilise the economy: Aurangzeb

Published

8 minutes ago

Farwa

All sectors have significantly improved as a result of the government’s sensible economic measures, according to Finance Minister Muhammad Aurangzeb.

“The government is dedicated to building on the hard-earned macro-stability to further strengthen the country’s economy,” he added in a televised statement.

According to the Finance Minister, the nation’s GDP, which is currently worth $300 billion, is expected to grow to three trillion dollars by 2047.He claimed that because to the government’s implementation of economic reforms and display of fiscal restraint, the nation’s economy has now stabilised. Speaking on the recent IMF delegation visit to Pakistan, he stated that it is a continuous dialogue process and that talks on public finance, the privatisation agenda, and energy and SOE reforms were discussed. He added that he had met with counterparts from the US Treasury, the United Arab Emirates, Saudi Arabia, China, Turkiye, and representatives of many rating agencies. He stated that every sector must fulfil its proper part in revenue and taxation, as the government is strict about compliance and enforcement.