02 - 08, 2001
White sugar output up
There is a higher production of white sugar at 2.524 million
tons or 7.4 per cent, as against the corresponding period of last year when
output was recorded at 2.351m tons.
According to official figures issued by the Pakistan Sugar
Mills Association (PSMA) on Monday, the millers up to March 15, 2001, produced
around 2.249m tons of white sugar by crushing cane and around 0.274m tons by
melting imported raw sugar.
The shortage of irrigation water has resulted in poor harvest
of sugarcane crop and millers during the period under review produced less sugar
from cane at 2.249m tons, as against the output of 2.351m tons achieved in the
same period last year.
However, higher output of white sugar from imported raw sugar
at 0.724m tons helped to offset the negative impact and the country's net
production up to March 15, 2001, stood higher by 0.173m tons than the
corresponding period of last year.
There had been normal off-take of white sugar from the mills
and until now sold around 1.048m tons leaving a sizebale balance of 1.476m tons
of unsold stocks with them.
According to market sources, white sugar is being presently
sold at Rs23 to Rs24 per kilogram in the retail market and there are no signs of
shortage or panic buying from any quarters.
In Punjab the production of white sugar from cane stood at
1.248m tons which is little less than of last year when output was at 1.252m
tons. However, 105,260 tons processed out of raw sugar took the total production
of the province to 1.353m tons.
However, there is a drastic fall of sugar production in NWFP
where total output stood at 65,010 tons compared to 102,040 tons of same period
The province of Sindh also recorded higher production at
1.105m tons as against 0.996m tons of the corresponding period last year.
The Netherlands is interested in entering into joint ventures
in the field of agro-based projects with Pakistan, for which, it will extend all
possible help and assistance.
The Consul General of the Netherlands Teunis Halft stated
this, while speaking to businessmen and members of the Balochistan Chamber of
Commerce and Industry (BCCI) on Tuesday.
He said, both Pakistan and the Netherlands have close
bilateral trade relations since long and for which the volume of trade between
the two countries stands at about $400 million. Giving the break-up, he said,
the value of Dutch export to Pakistan being at $150 million and of Pakistani
exports to the Netherlands at around $250m.
"This, of course, is good for Pakistani economy,
indicating clear surplus of trade for this country," Teunis remarked adding
the surplus is growing for the last couple of years. He expressed the hope that
in coming days it would increase by many folds.
Mari Gas allowed exploration
The government has decided to allow Mari Gas Company (MGCL)
to start petroleum exploration activities with an annual expenditure of $20
million, official sources told.
The decision in principle has also been taken to increase the
fixed rate of return to shareholders of the company from 22.5 per cent to 30 per
cent, the sources said.
A public limited company listed at country's three stock
exchanges, MGCL is owned mainly by the Fauji Foundation, a business unit of
Pakistan Army. With an equity base of Rs400 million, the company is currently
producing around 420 MMCFD of natural gas from its 62 wells. The MGCL gas is
dedicated to the fertilizer plants and Wapda's Guddu Thermal Power Station.
The Minister for Food, Agriculture and Livestock, Khair
Mohammad Junejo on Thursday disclosed that the government would adopt a strategy
to overcome the present irrigation water shortage, by shifting to crops
consuming less water.
For this purpose, he said, the government has already
constituted teams of experts, researchers and provincial representatives who
will be visiting agriculture fields to identify areas where crop shifting will
be more feasible.
Tanzania, Oman seek SSGC expertise
Sui Southern Gas Company (SSGC) has received queries from
Tanzania and Oman for providing technical expertise and master planning of their
A senior official in the SSGC told on Wednesday that the
company was trying to secure a contract with these countries, who are in advance
stage of planning their oil and gas pipelines.
The SSGC had signed a three-year contract with Nigeria last
year for providing technical expertise for gas distribution.
Toyota assures support to local industry
Representative of Toyota Motor Corporation (TMC) in Pakistan,
Y. Saito, has said that the TMC and Indus Motors have always supported the
vendor industry and complied with localization regulations set by the
They have no plans on reducing the current degree of
localization, a press release of Indus Motors Company quotes Y. Saito.
He said Toyota's representative in Japan, while briefing the
press there, only pointed that future localization programmes must be realistic
as in view of low volumes it may increase the cost of production and final
selling prices to the consumers.
Rs28m project to strengthen PSI
The ministry of science and technology has approved Rs28
million to strengthen Pakistan Standard Institution (PSI) in the areas of
industrial standardization and certification marks.
This will assist the country in industrialization and value
addition of raw material and enhance the export earnings of Pakistan, said an
Cabinet to discuss poultry issues
Federal minister for food and agriculture Khair Mohammad
Junejo has assured the poultry industry for taking up its problems in the next
meeting of the cabinet.
Talking to a delegation of Pakistan Poultry Association (PPA)
on Thursday, he said the government would consider their genuine problems and
crisis, currently being faced by the poultry sector.