- The Sindh Chamber of Agriculture (SCA) has urged the Sindh government to immediately convene a meeting of the Sindh Sugarcane Control Board to fix the price of sugarcane at Rs400 per 40kg.
- PM Shehbaz rejected the private sector to import wheat after a government agency in Pakistan has issued a new international tender to purchase and import 500,000 tonnes of wheat.?
- Finance Minister Ishaq Dar said that Pakistan is actively considering the import of oil from Russia at favorable terms.
- The government has approved energy and conservation measures preventing the outflow of $1.15 billion per annum.
- Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation’s economic crisis as reported by Financial Times.
- Lawmakers have voiced concern over the resurgence of the outlawed Tehreek-i-Taliban Pakistan (TTP) in Swat and the rise in incidents of militancy and sectarianism in various parts of the country.
- Russian President Vladimir Putin said he was introducing martial law in four Russian-occupied regions of Ukraine that Moscow claimed last month as its own territory but is struggling to defend from Ukrainian advances.
COMMODITIES - CROPS, LIVESTOCK & HORTICULTURE
- Sugarcane Price: The Sindh Chamber of Agriculture (SCA) has urged the Sindh government to immediately convene a meeting of the Sindh Sugarcane Control Board to fix the price of sugarcane at Rs400 per 40kg and make it binding on mills to commence crushing on a date not later than Nov 15. [Dawn]
[ET]
- Soybean Production in Punjab: Innovation and optimisation of the Chinese strip intercropping technology have been achieved in Pakistan, which won high praise from Punjab Governor Engineer Muhammad Balighur Rehman in a recent meeting held at the Islamia University of Bahawalpur. [ET]
[CECN]
- Wheat Import: A government agency in Pakistan has issued a new international tender to purchase and import 500,000 tonnes of wheat, European traders said on Wednesday. [Dawn]
[BR]
[Dawn]
[AgriCensus]
- Cotton Market: The rate of cotton in Sindh is in between Rs 16,000 to Rs 19,000 per maund. The rate of cotton in Punjab is in between Rs 17,000 to Rs 18,200 per maund. The rate of Phutti in Sindh is between Rs 7,000 to Rs 7,200 per 40 Kg. The rate of Phutti in Punjab is in between Rs 7,000 to Rs 9,500 per 40 Kg. The rate of cotton in Balochistan is in between Rs 16,000 to Rs 18,000 per maund. [BR]
AGRI-INPUTS, WEATHER, WATER & POWER
- Importing Russian Oil: Finance Minister Ishaq Dar said on Wednesday that Pakistan is actively considering the import of oil from Russia, and if India is getting oil, Pakistan can also get it and this was conveyed to the concerned quarters in Washington. [BR]
- Massive Electricity Breakdown: A massive breakdown that left nearly half the country without electricity for over 12 hours last week was caused by temporary and substandard work, obsolete material and tampered connectors installed on a tower of two mega nuclear power plants in Karachi, the government said on Wednesday. [BR]
[Dawn]
- Power Efficiency: Amid high energy costs and an impending energy crisis, the government has approved energy and conservation measures preventing the outflow of $1.15 billion per annum. [ET]
- Smog Impact: Punjab may face an aggravated smog problem during the peak season in the aftermath of this year’s flood in a vast region, environmentalists have warned. Lahore, Multan, Faisalabad, Sheikhupura, Gujranwala and Dera Ghazi Khan are expected to be engulfed by smog in the coming months because of a number of factors, including the prolonged inundation. [ET]
- Floods: Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation’s economic crisis, the Financial Times reported on Wednesday. [BR]
[ET]
AGRI UPDATES & PAKISTAN POLICY
- Terror Resurgence: Lawmakers, including a number of ministers, on Wednesday voiced concern over the resurgence of the outlawed Tehreek-i-Taliban Pakistan (TTP) in Swat and the rise in incidents of militancy and sectarianism in various parts of the country, as the head of his own faction of Balochistan National Party (BNP-M) Sardar Akhtar Mengal protested the killing of youths in alleged fake encounters in home province. [Dawn]
- Pakistan Needs ‘Huge Sums of Money’, not Rescheduling: Prime Minister Shehbaz Sharif has said Pakistan needed billions of dollars for rebuilding climate-resilient infrastructure in the aftermath of floods which left over 33 million people without shelter and inundated southern parts of the country. [Dawn]
- E-Stamp Paper System Launched in KP: In another landmark initiative towards digitization of basic services to ensure merit and transparency, Khyber-Pakhtunkhwa (K-P) Chief Minister Mahmood Khan has formally launched the issuance of e-stamp paper in the province which will not only ensure ease in access to basic services but will also prove an important step in preventing land disputes, forgery of documents and issuance of backdated stamp papers. [ET]
[Pak Observer]
[Pro Pakistani]
- Billions Needed to Expand CPEC: Pakistan may seek a multibillion-dollar financing window from China to fund 10,000 megawatts solar-powered electricity generation projects, as it is also set to make a new pitch for further expansion of the China-Pakistan Economic Corridor (CPEC) during Prime Minister Shehbaz Sharif’s visit. [ET]
INTERNATIONAL – OVERVIEW & MARKET OUTLOOK
- Oil Prices: Oil prices held steady on Monday in choppy trading as fears that high inflation and energy costs could drag the global economy into recession offset China’s continuation of loose monetary policy. Brent crude futures were down 1 cents, or 0.01%, to $91.62 a barrel, recovering from a 6.4% fall last week. US West Texas Intermediate crude was down 15 cents, or 0.2%, at $85.46 after a 7.6% decline last week. [BR]
[ET]
- Global Crisis Dampens LNG Momentum: Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritise securing shipments of any kind over burnishing their green credentials. [ET]
- Russia Ukraine War: Russian President Vladimir Putin said on Wednesday he was introducing martial law in four Russian-occupied regions of Ukraine that Moscow claimed last month as its own territory but is struggling to defend from Ukrainian advances. [Dawn]
[Al Jazeera]
[ET]
- India’s Congress Party Appoints First Non-Gandhi President: India’s opposition Congress party elected a former minister on Wednesday as its first president in 24 years not from the Gandhi dynasty, in an effort to reverse its electoral decline amid the rise of Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP). [Al Jazeera]
[The Guardian]
[ET]
- Terror attacks in Pakistan surge by 51% a year after Afghan Taliban victory [Dawn]
- Opinion: Climate justice at home - “CLIMATE justice must begin at home. Increasing human and economic losses from climate-induced disasters has spurred a national debate in the country. Globally, too, many activists and policymakers urge compensation or reparation for countries that are low carbon emitters. It will take years to evolve international mechanisms, agreed principles, and functioning institutions for global climate justice.” - By Ali Tauqeer Shah [Dawn]
- SC asks why Armed Forces kept out of NAB ambit: Supreme Court Judge Justice Syed Mansoor Ali Shah on Wednesday wondered why PTI chief and deposed premier Imran Khan, challenging the recent amendments to the accountability law, had not objected to the exclusion of armed forces as they were running the biggest businesses in the country. [BR]
[ET]
[The News]
