BEIJING, March 6 (INP): Chinese peanuts to be a solution to high oil prices in Pakistan, says a report published by China Economic Net (CEN) on Saturday. “Look! Our seeds are rich in nutrient elements,” Dr Babar Ijaz, person in charge of overseas projects, Shandong Rainbow Agricultural Technology Co., Ltd, showed a plump peanut seed to the reporter during …
BEIJING, March 6 (INP): Pakistan-China tissue culture lab will help to boost potato local production. According to China Economic Net (CEN), “Most of the potato seeds in Pakistan highly depend on imports, hence the price of local high-quality seeds is expensive, unaffordable for many low-income farmers. Our tissue culture laboratory is committed to producing high-quality potatoes locally, reducing our …
Cotton arrival in Pakistan decreased 34.5% year-on-year, showed data released by the Pakistan Cotton Ginner’s Association (PCGA) on Friday. As per the report, total cotton arrival in Pakistan declined to 4.875 million bales as of March 1, compared to 7.442 million bales in the same period last year, a fall of 2.567 million bales or 34.5%. The decline in …
ISLAMABAD, Mar. 3 (INP): China-made Chery vehicle to repeat its sales miracle in Pakistani market, Gwadar Pro reported on Friday. “It’s an amazing experience! Good interior space and a powerful engine make TIGGO 4 the best option for a car in its price range!” Abdul, from Balochistan, could not hide his excitement to share his TIGGO 4 driving experience …
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised the key interest rate by 300 basis points, taking it to 20%, as it bids to control runaway inflation. “At its meeting held on 2nd March 2023, the MPC decided to increase the policy rate by 300 basis points to 20%,” it said in a …
ISLAMABAD, Mar. 2 (INP): The import of Russian wheat through Gwadar Port begins as the first bulk carrier “MV Lila Chennai” loaded with 50,000 metric tons of wheat has berthed at Gwadar Port on Thursday Gwadar Port will handle and process 4,50,000 metric tons’ import of Russian wheat under an official agreement inked between the Trading Corporation of Pakistan (TCP) and Gwadar International Terminal Limited …
BEIJING, March 2 (INP): Global sales of pure electric vehicles (EVs) surged 68% to reach 7.8 million in 2022, accounting for 10% of the market share for the first time, as per preliminary statistics from UK-based auto market research company ALG and global EV database provider EV-volumes. According to a Gwadar Pro’s report, over half of the pure EV …
ISLAMABAD, March 1 (INP): As various projects gain traction in Gwadar, a Chinese company, Haixintian Pelagic Fishery Overseas Base Company, begins full-scale construction of its fish processing factory in Gwadar Free Zone South (phase 1). Last month, Haixintian Pelagic Fishery Overseas Base Company commenced the importation of its industrial units from China, and construction is now underway for the …
ISLAMABAD, Mar. 1 (INP): A team of young Pakistani agricultural scientists at the National Research Center of Intercropping (NRCI), the Islamia University of Bahawalpur (IUB) are researching on strip intercropping technologies with the hope to help their country shrink the import bill of food commodities especially soybean, which already is a huge burden on Pakistan’s economy. It’s remarkable that …
ISLAMABAD, Feb 27 (INP): Prime Minister Shahbaz Sharif is all set to inaugurate the 100 MW Iran-Gwadar power transmission project to stamp out electricity woes in Gwadar. With this project, according to Gwadar Pro, Gwadar will import uninterrupted electricity from Iran. In this regard all preparedness has been given in collaboration with officials of the Gwadar Port Authority (GPA), …
