Tag: economy

Pakistan can boost its economy via biotechnology

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Among the biotech based crops, Pakistan ranked 7th among 26 countries of the world. It is successful in achieved acceptance of Insect Resistant (IR) biotech cotton grown on 2.9 million hectares. Global Status of Commercialization Biotech/GM Crops – 2016 reported the aforementioned facts at the International Centre for Chemical and Biological Sciences (ICCBS) of Karachi […]…Read More

Agriculture backbone of Pakistan’s economy

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The Pakistan farmers’ union, “Pakistan Kissan Ittehad” registered a protest at the federal capital on the announcement of Federal Budget 2017-18. The law enforcement authorities decided to use force against them. Police fired tear gas and unleashed water from water cannons to disperse protesting farmers. The government has heavy-handed approach to suppress farmer’s demands is […]…Read More

ZTBL, Al-Ghazi Tractors to improve farmers economy

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article image LAHORE: Zarai Taraqiati Bank Limited (ZTBL) has agreed to extend cooperation with the leading tractors and agriculture equipment manufacturers Al-Ghazi Tractors Limited (AGTL) to look into the possibilities of improving farmers’ economy and increasing their yield. This was agreed during a meeting between ZTBL CEO Talat Mahmood and Chairman of Al- Ghazi Tractors andamp; President Al-Futtaim Automobile Division Dubai Len Hunt. A committee…Read More

Climate change playing havoc with cotton production in Pakistan and affecting its economy

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article image Heavy rainfall, high temperatures and major pest outbreaks have taken a heavy toll on Pakistan’s cotton growing districts of Punjab and Sindh province this year. The Ministry of Textile Industry has expressed concern over the drop in cotton production by 28 per cent during 2015-16 caused by climate change-induced phenomena. The erratic weather has proved lethal for the production of cotton, one of the country’s key cash crops. Last year was the…Read More

Efforts on to make Pakistan part of global digital economy

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article image STAFF REPORT ISB: Minister of State for ITandT Anusha Rehman has said the government is following the agenda to make Pakistan a progressive member of the growing global digital economy. "For this purpose, we are continuously pooling in resources with the very responsive private sector to strengthen our digital foundation through effective public private partnerships," she said while inaugurating the Mobilink Digital Innovation Lab. The lab is an innovation centre where…Read More

Low ICT imports reflect slow growth of knowledge economy

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article image STAFF REPORT KHI: Pakistan’s information and communication technology (ICT) imports share in the country’s total merchandise trade has been an average less than six percent for 10 years, indicating that the transfer of technology needed for knowledge-based economy is moving at a snail’s pace. A latest statistics report issued on Friday by the United Nations Conference on Trade and Development (UNCTAD) showed that Pakistan’s ICT goods imports accounted for a minuscule 4.59…Read More