Peanut growers warned against pest threat

MULTAN (APP): Agriculture experts have advised growers to be careful and apply proper techniques in consultation with officials against a pest threat and for enhanced production of the peanut crop that has entered the ripening stage. Experts said that pests including mites, hairy pests, ‘Toka’, ate leaf and branches. And diseases like burns on plants, rotten trunk, weaken and dry up plants, hurt their roots and compromise their food preparation capability. To avoid damage to the crop, growers must remove weeds from the field and apply water after hoeing.

Experts also advised growers to instal light traps to counter attack by fly (Parwana).

Private cos must boost efforts for sustainable policies: UN

UN (Special Correspondent): While private companies have made progress in recent years in addressing sustainability issues, more needs to be done to close the gap between talk and action on social responsibility, according to a United Nations report released Friday. The Global Corporate Sustainability Report 2013, released by the UN Global Compact, found that many companies are defining goals and setting policies but still have much work to do in terms of implementing these policies.

For example, 65 per cent of the companies who too part in the report develop sustainability policies at the Chief Executive Officer (CEO) level, while only 35 per cent train managers to integrate sustainability into strategies and operations.

The report surveyed nearly 2,000 companies across 113 countries, and provides a snapshot of the actions taken by businesses to embed responsible practices into their strategies, operations and culture. It also stresses that commitment to sustainability principles such as the protection of human rights, transparency and accountability, environmental stewardship and social inclusion affect companies’ performance.

“Corporate sustainability is serious business. It influences long-term financial success. What used to be external to the company is now internal,” the Executive Director of the UN Global Compact, Georg Kell, told reporters at UN Headquarters in New York.

“Social issues such as poverty are also business issues and businesses can take on them proactively and be part of the solution or continue to ignore them at their own risk.”

The report also found that while small and large companies are committing to the UN Global Compact in equal numbers, larger companies are significantly more likely to move beyond commitment to action across all issue areas. However, the survey also notes that smaller companies are increasingly taking steps to catch up to their larger peers.

Supply chains are a major obstacle to implement sustainability policies, the report states. Even though the majority of companies have established sustainability expectations for their suppliers, they have the challenge of tracking their compliance and help suppliers reach their goals in this matter.

Kell added that despite challenges, more companies are recognizing the importance of sustainable practices and are joining the Global Compact to align their core business strategies with UN principles and global development priorities.

Launched in 2000, the UN Global Compact is the world’s largest corporate responsibility initiative, with more than 8,000 companies in some 144 countries. It seeks

The report will provide the backdrop for the UN Global Compact Leaders Summit 2013: Architects of a Better World on 19-20 September in New York. The Summit will bring together 1,000 chief executives and leaders from civil society, government and the UN.

SPI-based weekly inflation increases lightly 

ISLAMABAD (Online): The weekly inflation, measured by the SPI slightly increased by 0.04 per cent for the week ending on Sep 05, the PBS revealed.  The figures released by PBS, weekly inflation for the income group earning up to Rs 8,000 per month has decreased by -0.09 percent as compared to the previous week, the SPI for income group earning between Rs 8,001 and Rs 12,000 per month witnessed decrease of -0.09 percent, while the SPI for the mid-level income group earning Rs 12,001 to Rs 18,000 per month witnessed slash of -0.08 percent.

 as compared to the previous week.

The SPI data shows light decrease of -0.01 percent for the upper mid-level earning Rs 18,001 to Rs 35,000 per month, whereas for the top-end class earning more than Rs 35,000 per month the SPI increased by 0.18 percent.

Statistical data revealed that average price of nineteen items including Petrol, match box, egg hen, Potatoes, kerosene oil, diesel, LPG, wheat, red chillies, Masoor Pulse washed, Gur, Gram pulse Washed, wheat flour bag, Tea prepared, firewood, bread plain, curd, bath soap and cooking oil (Tin) registered increase.

Average price of 19 items that are tomatoes, bananas, Garlic, onion, Mash Pulse washed, Sugar, chicken live, Moong pulse, Mustard oil, Veg Ghee loose registered decrease.

According to the data of Pakistan Bureau of statistics average price of twenty four items including Rice Basmati broken, Rice IRRI, beef, mutton, milk fresh, milk powered NIDO, Veg Ghee, salt powered (Lahori), tea (yellow lable 200 GM), cooked beef plate, cooked Dal plate, cigarettes K-2, long cloth, shirting, lawn, Georgette, Sandal Gents Bata, Chappal SPNG bata, electric charges, Gas surcharges UPTo 100M, Energy Savor 14 watts, washing soap (200-250 and tele local call remained unchanged.

SECP registered 275 new  companies in August

ISLAMABAD (Staff Reporter): The SECP has registered 275 new limited liability companies in August, bringing the total corporate portfolio to 62,258 companies. In the corresponding month, last year, 274 companies were registered. In addition to the companies registered, the SECP issued licenses to 3 non-profit associations under Section 42 of the 1984 Companies Ordinance. Around 88pc companies registered as private limited companies, while around 9pc companies registered as single-member companies.

 Around 1pc of the companies have been registered as public limited companies and as associations under Section 42 of Companies Ordinance each during the month.

The trading sector took the lead in new registrations with the incorporation of 36 companies, this month, followed by services with 31, I.T. with 23, construction with 20, corporate agricultural farming and tourism with 14 each and textile with 10 companies.

The foreign investment has been witnessed in 15 new companies. These companies have foreign investors from China, the US, South Africa, Germany, Canada, Iraq, Afghanistan, Turkey, Japan and Mauritius. These companies are from trading, oil and gas marketing, engineering, construction, auto and allied, education, tourism, mining and quarrying and agricultural farming sectors.

During the month of August number of companies, i.e., 90, is registered at the Company Registration Office (CRO), Islamabad. It is followed by the CROs in Lahore and Karachi, registering 75 and 62 companies respectively. The Faisalabad and Peshawar CROs registered 15 and 14 companies respectively, while the CROs in Multan, Quetta and Sukkur registered 12, 5 and 2 companies respectively.

During the month returns for an increase in the authorised capital of 50 companies were accepted, with the total authorized capital increment of Rs2.48 billion. In addition, 74 companies filed returns for increase in the paid-up capital with the total enhancement amounting to Rs4.24 billion.

Scientists urged to transfer research results to farmers

ISLAMABAD (APP): Federal Minister for National Food Security and Research (NFSR) Sikandar Hayat Khan Bosan Friday urged upon the scientists to play their role in the development of country’s agriculture by transferring research results, innovations and new improved varieties to farmers in fields. Presiding over a high level meeting of Agricultural Scientists at NARC Islamabad, the federal minister asked the scientists to focus their research on early maturing, profitable and low water consuming crop varieties to obtain maximum per acre production.

The scientists should also devise technologies to meet future challenges of water for agriculture, he added.

He appreciated the role of PARC for the promotion and development of agriculture sector in Pakistan and assured the scientists that their problems will be addressed on priority basis.

Additional Secretary (NFSR) Rao Iftikhar Ahmad and other high level officers of the Ministry were also present in the event.

On this occasion, Chairman Pakistan Agricultural Research Council (PARC) Dr. Iftikhar Ahmad briefed the participants about on-going projects of PARC.

He also urged the scientist community to take the research results from laboratory to farmers’ field to increase agri production in the country and to uplift livelihood of farming community.

CNG body to back drive against fake CNG stickers

ISLAMABAD (APP): The All Pakistan CNG Association will support the government in its efforts to discourage practice of displaying fake CNG cylinders test stickers by vehicles. Talking to APP, Ghiyas Abdullah Paracha, Chairman Supreme Council APCNGA, said some CNG cylinder testing labs and transporters had collaborated in illegal activity of issuing fake stickers, which needed to be discouraged. “The association will support the government if it took action against such labs and transporters in order to ensure transparency and conduct the campaign.”