ISLAMABAD: The authorities has hinted at increasing fertiliser fees with the aid of Rs100 according to bag following a hike in gasoline fees.

speakme at a press conference on Tuesday, Adviser to top Minister on trade, textile, Industries and manufacturing Abdul Razak Dawood stated the production cost of fertiliser had gone up due to a recent hike in gasoline prices. But, he stated, very last decision would be taken on Thursday, following a assembly with representatives of the fertiliser enterprise.

.

The industry had demanded an boom of Rs200 per bag in fertiliser fees due to the hike in gasoline fees, the adviser stated, including that the enterprise had not but extended the costs.

He claimed that there was a clean deliver of fertiliser in keeping with demand and the authorities become making efforts to save you undue hike in fertiliser charges. The authorities would safeguard the hobby of farmers, but, subsidy could not receive following a address the international financial Fund (IMF) as it'd affect the revenue collection, he delivered.

concerning the u . S .’s exchange, Dawood stated there have been no change inside the volume of exports and imports at some stage in 2018-19. Exports stood at $23 billion towards the goal of $24 billion.

There were no growth in exports in bucks terms, he said. But, a decline of $6 billion become witnessed in the exchange deficit, he said, including that the deficit stood at $31 billion in 2018-19.

Rice exports to Qatar

In a statement, the Ministry of trade said Qatar had lifted the ban on rice export from Pakistan at the same time as Iran might additionally import 500,000 lots of paddy. It would result in an growth in exports from Pakistan. “Pakistani is set to export rice to Qatar because the latter has marketed a gentle to import one hundred,000 luggage of the commodity,” it said.

The Ministry of commerce stated the present day authorities were running to enhance exports of conventional and non-traditional products. Rice is the most important agro- commodity inside the export basket of the united states of america with exports of over $2 billion.

The government wants to take rice exports to $five billion in the next five years. To reap this goal, the Ministry of commerce said it changed into recapturing conventional markets in addition to entering new markets. With continuous attempt of the government of Pakistan, Qatar has now opened its marketplace for Pakistani rice, the announcement brought. Formerly, Pakistan’s rice turned into no longer being bought with the aid of the state procurement business enterprise of Qatar.

Dawood stated rice exports to China and Indonesia had been going up due to the extra marketplace get admission to secured by way of the authorities. Rice Exporters affiliation of Pakistan (achieve) stated it became encouraging that basmati rice exports were on an upward fashion, fetching $637.99 million in FY19 in comparison to $581.85 million inside the preceding yr.

previously, the personal sector in Qatar persevered to import rice from Pakistan, however, the vital Tendering Committee (CTC), which procures for country-furnished subsidised rice for Qatari citizens, made its smooth Indian-foundation unique, thereby successfully banning the import of any other starting place rice which includes Pakistani rice into Qatar in 2011-12. 

published within the explicit Tribune, July 10th, 2019.

Like business on facebook, comply with @TribuneBiz on Twitter to live informed and be a part of within the communique.