Tag: pulses

  • Pakistan imports tea worth Rs31.64 billion in just two months 

    Pakistan imports tea worth Rs31.64 billion in just two months 

    According to data from the Pakistan Bureau of Statistics (PBS), Pakistan’s imports of food items in the first two months of the fiscal year 2023–24 amounted to Rs378.98 billion. 

    The PBS data reveals that during this two-month period, Pakistan imported tea worth Rs31.64 billion, a notable increase from Rs20.23 billion during the corresponding period in the previous year.  

    Additionally, Pakistan imported palm oil valued at Rs158.7 billion and soybean oil worth Rs13.56 billion. 

    Furthermore, Pakistan imported pulses worth Rs48.25 billion and dry fruits valued at over Rs2 billion during the same two-month period. 

    It is worth noting that in July, the State Bank of Pakistan (SBP) lifted all import restrictions as part of its efforts to meet the conditions set by the International Monetary Fund (IMF). 

    Read more: Pakistani rupee gains value, now at Rs292.78 per US dollar 

    The central bank issued a circular to abolish these import restrictions and authorised banks to facilitate remittances to clear more than 6,000 containers. 

    The SBP clarified in the circular that remittances would be made available for all imports following the implementation of the latest order. 

  • PM Shehbaz decides to continue targeted subsidy on five essentials items

    PM Shehbaz decides to continue targeted subsidy on five essentials items

    Prime Minister (PM) Shehbaz Sharif on Monday decided to continue a targeted subsidy on five essential items — wheat flour, sugar, ghee/edible oil, pulses, and rice — at Utility Stores for the next financial year.

    The prime minister also approved the expansion of a network of Utility Stores in Karachi.

    “The small number of Utility Stores in Karachi is not acceptable in any way and a comprehensive plan for raising the number of Utility Stores in the megacity should be presented within two weeks,” tweeted PM Shehbaz.

    The decision was taken at a high-level meeting regarding Utility Stores in the country, with the PM in the chair. Minister for Finance Miftah Ismail, Minister for Industries and Production Murtaza Mahmood, and other senior officials were also in attendance.