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The
cultivable land in Pakistan is deficient in nutrient materials,
particularly in nitrogenous content and the balanced use of fertilizer
can help in achieving higher yield as well as boosting GDP growth
rate. There may be a temporary over supply but additional production
capacity has to be added to maintain self sufficiency in urea
production. To undertake expansion, the industry demands exemption
from payment of duty on plant and machinery and supply of feedstock at
discounted price. The cover story discusses the issues: 1)
is the feedstock supplied at subsidized price? 2)
has the industry failed in responding to the incentives offered in the
past and 3)
the possible fallout if no further addition is made in production
capacity.
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TEXTILE
All
the top textile organizations and groups have decided to join hands to
get resolve the problems faced by the textile industry. APTMA, CTA,
and All Ancillary Textile Associations have launched a unanimous move
to enhance volume of quality products and promote exports of the
textile products from Pakistan.
TYRE
SMUGGLING
Despite
the sealing of Pak-Afghan border and the heavy presence of allied
troops, tyre smuggling continues unabated causing immense damage to
the national economy. On the one hand it is costing billions in loss
revenue to the government and on the other it is discouraging legal
imports and local manufacturing. PAGE takes a closer look.
