Call to modernise irrigation system

LAHORE (APP):  Provincial Minister for Irrigation and Chairman PIDA Mian Yawar Zaman has said that irrigation infrastructure was being organized on modern lines and different development projects have been started for this purpose. Talking to different delegations of farmers here Friday, he said that Irrigation Department was the only national institution which is serving more than 180 million people of Pakistan by meeting the water needs of farming community. He said that reconstruction of canals was speedily continuing on Baloki Head works in Okara, Sahiwal and Khnewal districts under Lower Bari Doaab Canal Improvement Project as a result of which per acre water will be available in abundance.

He said that the lining work of canals structure in Faisalabad Canal Zone has been completed due to which a substantial decrease has been made in line losses.

The minister said that Irrigation Department is introducing latest technology of using water in national interest, adding a project has been completed with the cooperation of JIKA in this regard under which Japanese experts have provided training to local farmers regarding modern techniques of water saving including sprinkle irrigation, drip irrigation, tunnel farming and other modern trends.

He said that the Irrigation Department has achieved commendable success in eradication of water theft and the farmers at tale end have benefitted from it.

Mian Yawar said that he was personally supervising the measures taken by district administration, police and Irrigation Department including PIDA on the platform of farmers organizations, in this regard.

World oil prices fall

LONDON (AFP): Oil prices fell on Friday amid downbeat Chinese manufacturing data and the low likelihood of supply disruptions in conflict-hit Iraq, Ukraine and Libya, analysts said. US benchmark West Texas Intermediate for October delivery slid 41 cents to $93.55 a barrel. Brent North Sea crude for October dropped 27 cents to stand at $102.36 a barrel in London deals.  Trading is “likely weighed by weaker-than-expected Chinese manufacturing data”, Fat Prophets resources analyst David Lennox told AFP. The HSBC preliminary purchasing managers index for China’s manufacturing sector slipped to 50.3 in August, down from a final reading of 51.7 in July.

The figure, released Thursday, was the lowest for three months, the British banking giant said in a statement.

The indicator is a closely watched gauge of the health of the Asian economic powerhouse, with a reading above 50 indicating the sector is expanding.

“Prices are perhaps also under pressure as dealers stand on the sidelines tracking the various geopolitical crises going on right now,” Lennox said.

“The likelihood of significant disruptions is low for now,” he said.

In Iraq, the OPEC oil cartel’s second-biggest producer, Islamist militants who have overrun large swathes of the country’s north and west are now being pinned back by US military strikes that began on August 8.

In Libya, another OPEC member, crude exports are steadily increasing after a deal between Tripoli and rebels ended a year-long blockade of terminals.

Concerns over the prospect of a full-blown military conflict between Russia and Ukraine have also eased after multi-party talks aimed at diffusing the situation last weekend.

FPCCI for subsidy on agri products

KARACHI (APP): President FPCCI Zakaria Usman has called for taking steps to address the issue of food security and provision of subsidy on agricultural products to compete in the international market. President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zakaria Usman said food processing industry, dairy products, agricultural equipment and machinery may be included in those products. The supply of energy and other utilities may be subsidised for food processing and agriculture industry. According to FPCCI release here on Friday, the FPCCI chief mentioned that due to its importance, this global issue was discussed in WTO 9th Ministerial Conference held in December 2013 at Bali, Indonesia.

But it could not come with a definite solution and kept the matter pending till the next conference.

Zakaria Usman proposed that inland freight subsidy can also be covered in this clause. However, the major factor of in-competitiveness of Pakistani products in the international markets is the cost of shipping. The reason behind high cost of shipping is the lack of Pakistan’s own shipping line.

ITCN Asia exhibition from 26th

KARACHI (APP): The 14th ITCN Asia 2014 exhibition will be held here at Karachi Expo Centre from August 26 to 28. Ecommerce Gateway Pakistan (Pvt.) Limited is organising the ITCN Asia for 14 consecutive years. It is recognised as the focal point for information technology and telecom industry and is an approved event from a UFI (Paris), said a press release here Friday. This year ITCN Asia has the honour of showcasing, for the first time in Pakistan, 3G and 4G technology at the exhibition. The event is supported by a conference with the theme ‘3G and 4G: Impetus to Growth.’ ITCN Asia is the only ICT Expo of the country which has attracted more than 30 foreign companies and 80 foreign visitors; putting Pakistan on the global ICT map, it said.

For the first time in the history of ITCN Asia, Microsoft Corporation Pakistan, MIT Enterprise Forum of Pakistan and Ecommerce Gateway have joined hands in organising a Hackathon at the event that will host 200 to 250 students/ developers from different universities. They will develop different windows and phone apps, and the best apps will be awarded.

Chairman, Pakistan Telecommunication Authority (PTA) Syed Ismail Shah will inaugurate this event as the chief guest on August 26. Chairman NADRA, Muhammad Ahmed Tajwar, Deputy Governor State Bank of Pakistan Kazi Abdul Muktadir and Managing Director of Pakistan Software Export Board Asim Shahryar Husain will accompany the PTA Chief.

The exhibitions will project a soft image of Pakistan globally and increase trade promotional activities worldwide and ultimately the international market will witness a growth in productivity and economy of Pakistan, said the release.

LCCI team leaves for Indonesia

LAHORE (APP): A 24-member LCCI delegation has left for 6-day visit to Indonesia to explore new avenues for Pakistani merchandise. LCCI President Engineer Sohail Lashari is leading the delegation. During the visit, LCCI delegation will have various high-profile meeting with their Indonesian counterparts and the government officials and will also visit various Chambers of Commerce & Industry. Indonesian Ambassador to Pakistan H.E. Burhan Muhammad will host a lunch in honor of the LCCI delegation while delegates will also attend a dinner hosted by Malik Mohammad Asif of PT Royal Industries. The delegates will have high-profile meetings at the office of Ministry of Trade, Indonesia.

LCCI President Engineer Sohail Lashari will highlight the trade and investment opportunities in Pakistan. On the occasion, delegates will also have B2B meetings with Indonesian Exporters.

Ambassador of Pakistan to Indonesia Attiya Mehmood will host a dinner in honor of the LCCI delegation.

The delegation will visit the office of Federation of Indonesian Chamber of Commerce & Industry and Trade Association and will have B2B meetings with Indonesian Counterparts.

LCCI President Engineer Sohail Lashari has hoped that visit of delegation would not only bring the Pakistani and Indonesia businessmen closer but would also open news avenues for joint ventures.

The delegation members include Ahsan Javed Qureshi, Fazal Javed, Waqar Ahmed Paracha, Muhammad Abbas, Ashfaq Ahmad, Muhammad Shafiq, Asim Bashir, Shahzad Aslam, Haji Muhammad Amir Akram, Farrukh Javaid, Muhammad Afzal Khan, Tariq Mahmood, Ghulam Dastgeer, Ch. Muhammad Zahid Yousaf, Waqas Fazal, Irfan Rashid, Waseem Ahmed, Naveed Ahmad, Abid Majeed, Muhammad Rehman, Kashif Farooq, Ali Ahmad and Akhtar Hussain.