10 - 16, 2001
No support price for sugarcane this year
The government has decided not to offer this year any support
price for sugarcane and instead fixed an unannounced "indicative"
price of Rs 43 per 40 kg of the crop.
Official sources said on Tuesday that a letter, jointly
signed by Finance Minister Shaukat Aziz and Commerce Minister Abdul Razak Dawood,
had been sent to the Cane Commissioner, Punjab, to set the indicative price of
Rs 43 per 40 kg for sugarcane.
The letter was now being sent to the Sindh and NWFP
governments, the sources added. However, no notification was issued by the
cabinet division over the issue which, according to the sources, was against the
spirit of an earlier decision taken by President Gen Pervez Musharraf that
farmers be offered support price for their sugarcane, as in the previous year.
"The new decision has to be documented", an
official said, conceding that no notification had been issued so far over the
The president had approved support price for four major crops
— wheat, rice, cotton and sugarcane, which was now reportedly being resisted
by some high officials, including the commerce minister, specially for
The sources said sugar mill owners were being favoured by not
agreeing to offer support price to the farmers despite clear instructions of the
It was said that the commerce minister might have got some
verbal approval of the president through his (president's) Principal Adviser,
Tariq Aziz, for having an indicative price, about which no notification had been
The commerce minister was believed to have also asked the
governor of Sindh not to look for any implementation of support price and that,
instead, an indicative price regime should be encouraged.
Balochistan achieves 97pc target
The cotton production in Balochistan showed remarkable
progress as 100,000 bales of cotton have been produced during the current season
, Federal Minister for Food and Agriculture Khair Muhammad Junejo told APP on
He said cotton sowing in Balochistan for the first time
achieved 97 per cent of the target of 40,162 hectares during 2001- 2002.
He said federal and provincial governments had undertaken
concerted efforts to introduce cotton cultivation in paddy growing areas of
Khuzdar and Pat Feeder (Dera Murad Jamali). He said the quality of cotton was
exceptionally good and of excellent quality. He said seeds of two varieties
Nayab-78 and CIM-109 were used, which gave remarkable results.
Being new area there was no threat of any pest attack so that
"we want to initiate Integrated Pest Management Programme in Balochistan so
that pest situation in Balochistan does not flare up," he said.
TCP announces new cotton rates
Trading Corporation of Pakistan (TCP) has announced the rates
for procurement of cotton grade box II as well as premium for contamination-free
According to TCP on Wednesday, the new rates for Grade Box II
cotton with staple length 1-1/16" will be Rs2,322 per 40 kg while Rs2,176
per maund (37.32 kg) with immediate effect.
The cotton should have a moisture content of 8 per cent,
micronaire 3.8 to 4.9 NCL and trash content 4.7 per cent while the cotton should
be packed in TCP's standard export packing.
Meanwhile, The Corporation will pay an additional premium of
Rs200 per maund on the purchase of contamination-free cotton, and Rs75 per maund
on low contamination from 0.5 to 2.5 grams in a bale. These prices will be valid
for one week up to December 10.
Major units sell-off plan shelved
The Privatization Commission has decided not to disinvest
major state sector units in their present shape to avoid complications and huge
"We have changed our strategy to disinvest major units
like PIA, ports & shipping, Steel Mills, airports, HMC, etc., which will not
be brought in the market unless their formidable losses are significantly
curtailed," said the Minister for Privatization Altaf M. Saleem.
He told that without removing what he termed "financial
bleeding" of the major corporations and enterprises, it would be unwise to
put them for sale in their present weak position.
ADB to develop Sialkot SMEs
The Asian Development Bank will design a comprehensive
programme in active collaboration with Smeda to develop the small and medium
enterprises (SMEs) of Sialkot.
The ADB's fact finding mission announced this while
addressing a meeting of local traders, industrialists and exporters at the
Sialkot Chamber of Commerce and Industry (SCCI) on Tuesday after visiting
various industrial units in Sambrial, Daska and Sialkot.
6.311m bales reach ginneries
More than 6.311m cotton bales arrived at the ginning
factories till December 1.
According to a fortnightly report of the Pakistan Cotton
Ginners Association (PCGA) on Tuesday, cotton arrival has depicted a decline of
9.72 per cent compared to the same period last year.
Last year, more than 6.991m bales had reached ginning
factories during the same period.
China to support in oil, gas exploration
The Chinese government has assured its all possible support
to Pakistan for development of oil, gas and coal resources, said Minister for
Petroleum and Natural Resources Usman Aminuddin.
The Minister, who held a number of meetings with the Chinese
officials and experts to seek their cooperation for exploration of natural
resources in Pakistan, said "the response of their Chinese friends is very
positive and encouraging."