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Economy

Assistance for chili sector from American people!

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UMERKOT: USAID Provincial Director for Sindh /Balochistan John Smith-Sreen and Deputy Director, Michael Hryshchyshyn, visited the Arid Zone Research Institute (AZRI) here today. 
Their objective was to support USAID’s agricultural investments, explore more efficient water management technologies and provide additional livelihood options to rural families in Sindh. 
USAID, through its Pak-US Partnership for Agricultural Market Development (AMD) program, is working with chili farmers across other cropping systems to identify and address inefficiencies through the provision of grants and technical assistance to improve competitiveness. 
The visit provided the USAID team the opportunity to interact with the chili growers, and processors, as well as witness the USAID, sponsored technical trainings being conducted in the field to promote good agricultural practices. Similar trainings are also being conducted in other chili growing areas in Sindh including Kunri and Naukot. The day-long visit included a discussion with progressive chili farmers on issues and concerns pertaining to the sector. 
Speaking at the training session, Smith-Sreen said, “We are proud of the role the United States Government has played to support the development of Pakistan’s agricultural sector. We are confident that with continued technical assistance and engagement with Pakistani trade envoys, we will help expand market access for Pakistani chili exports.” 
The Chairman, Chili Growers Association, Mian Muhammad Saleem, thanked the USAID delegation for their support to the chili sector and its role in helping the chili farmers confront the various challenges faced in the sector.
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PS: USAID launched the U.S.-Pakistan Partnership for Agricultural Market Development to improve the ability of Pakistan’s commercial agriculture and livestock sectors to compete in international and national markets in the four target product lines; meat, high value and off-season vegetables, mangoes, and citrus.  This partnership acts as a catalyst for development and investment in the target product lines, helps improve the quality and increase the quantity of exportable agricultural produce, and promotes cooperation among farmers, processors, exporters, and buyers of Pakistani agricultural products in international markets resulting in increased incomes and generating employment opportunities for Pakistanis.
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Economy

12th 5-years plan envisages 5.4% growth 

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ISLAMABAD: Minister for Planning Development and Reform Makhdum Khusro Bakhtyar has said that the 12th Five Year Plan envisaged an average growth of GDP at 5.4 percent and the expected outlay of the Plan would be Rs 11.750 trillion including Rs 1 trillion involving innovative financing through a public-private partnership.
He said the plan extensively covered growth, macro stability, expand agriculture production, galvanize agro-business potential, industry and export competitiveness, human resource development, integrated energy planning, infrastructure development, social safety nets, poverty reduction, achieving SDGs and administrative reforms along-with focus on less developed areas, climate change and environment.
The Minister was chairing a briefing to Economic Advisory Council on draft 12th Five Year Plan here on Friday.
Advisor to PM on Commerce & Industry Abdul Razzak Dawood, members Economic Advisory Council, Secretary Planning Zafar Hasan, Secretary BISP Ali Raza Bhutta, Chief Economist Ejaz Wasti, Members Planning Commission and senior officials of all sections of the ministry were present during the briefing.
Makhdum Khusro said that it has been decided to conduct quarterly reviews of the plan at the Ministry and bi-annual reviews will be made by the Prime Minister for its effective implementation in achieving all the set targets.
He stated that priority will be given to projects related to infrastructure development, transport, housing, communication, energy, and water sector.
The Minister said that development strategy also entails boosting the country’s exports as well as envisages a mechanism to monitor the progress of ongoing projects.
He added that the Plan aims at improving the productivity of all sectors of the economy. He said that the Government was committed to ensuring timely completion of all ongoing projects without any cost escalation.
Makhdum Khusro appreciated the macroeconomic framework prepared by the Planning Commission.
Secretary Planning Zafar Hasan said that Plan document has been prepared through an extensive consultative process involving dialogue with stakeholders, formal consultation with the members of different working groups formulated for different sectors.
So far, more than thirty sessions have been held with stakeholders for preparing the draft of the next Plan. He apprised that after taking the inputs and suggestions from the members of the Economic Advisory Council, the Plan will be placed before the National Economic Council for consideration and approval.

 

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Business

BMW, Daimler to invest 1b euros

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BERLIN: German auto giants BMW and Daimler said Friday they would invest one billion euros ($1.1 billion) in combining and extending their carsharing schemes, in future offering a slew of joint “mobility services”, including for electric cars.
“We are pooling the strength and expertise of 14 successful brands and investing more than one billion euros to establish a new player in the fast-growing market for urban mobility,” Dieter Zetsche, chief executive of Mercedes-Benz maker Daimler said in a statement.

 

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Economy

Senate Standing Committee visits Wafaqi colony

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Govt. increases duties to cut imports

LAHORE: Senate Standing Committee on Housing and Works led by its chairman Mir Kabeer Ahmad Muhammad Shahi on Friday visited 60 newly constructed apartments in Wafaqi Colony.
Talking to media men on the occasion, Senator Mir Kabeer Ahmad said the Senate standing committee on housing and works was thoroughly briefed by the ministry of housing and works regarding its projects in Lahore. He said that out of 60 apartments, 16 had been handed over. The cost of one flat was Rs 68,00,000, he said adding that it was ‘reasonable price’ in view of the project location.
He informed that the Senate standing committee also met Punjab Governor  Chaudhry Muhammad Sarwar on Thursday and discussed matters with him. He said the Governor assured to extend all possible support to retrieve Housing and Works land from Board of Revenue. Later, they also visited Wafaqi colony, federal lodges and reviewed the facilities being provided there. Senate standing committee members including Senator Mirza Muhammad Afridi and others were also present.

 

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