BEIJING, May 22 (ABC):China’s food industry logged steady growth in terms of production and sales in the first four months of the year, official data showed. The value-added industrial output of the agricultural and sideline food processing sector rose 4.7 percent year on year during this period, according to the Ministry of Industry and Information Technology. The added value of …

BEIJING, May 22 (ABC):Executive member of the Asia and Pacific Seed Association and General Manager of Wuhan Qingfa Hesheng Seed Company, Zhu Xiaobo said that the hybrid canola variety developed by her company has been planted in Pakistan about 10,000 hectares of land, covering around 6000 households. In the next three to five years, we expect it to expand to …

BEIJING, May 22 (ABC): The first consignment of Pakistani mangoes of present season will be transported by air cargo service in Kunming, capital city of China’s South-Western Yunnan province. The shipment comprising 3-4 tons of “Sindhri” variety of mangoes is likely to arrive on May 28 as per the tentative schedule of the airline, Adnan Hafeez, director of Imperial Ventures …

ISLAMABAD, May 22 (ABC): China had granted more than 5 billion RMB in Gwadar for several socio-economic projects during the last 7 years to upgrade the living conditions of the local people of Gwadar under Corporate Social Responsibility (CSR) Initiatives, according to a report published by Gwadar Pro. The grant is dedicated to New Gwadar International Airport (NGIA), East Bay …

ISLAMABAD, May 22 (ABC): The Private Power and Infrastructure Board (PPIB) is making efforts to improve the share of indigenous coal and renewable hydro-based electricity in the overall energy mix of the country. The China-Pakistan Economic Corridor (CPEC) projects, being implemented by the PPIB, are spread all across the country, and giving due importance to energy needs and transmission and …

ISLAMABAD, May 22 (ABC): Climate in certain areas of Pakistan is suitable for bamboo cultivation, and this sector can become a significant source of poverty reduction and economic growth if given proper attention by the government. “If the government supports bamboo production and business, it can play an important part in poverty reduction,” said Athar Shah, Chief Director of the …

KARACHI, May 22(ABC): Amid rising political temperatures in the country and lack of an economic roadmap by the government, the rupee is expected to remain under pressure next week, forecast traders. The local unit closed at a historic low of 200.14 to the dollar on Friday. The local unit lost 5.96 rupees or 3% against the dollar during the outgoing …

ISLAMABAD, May 22(ABC): The gold imports increased by 159.87 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports during July-April (2021-22) were recorded at $18.006 million as compared to the imports of $6.929 million during July-April (2020-21), according to the …

KHANNA, May 22 (ABC): When New Delhi banned wheat exports as prices soared over Russia’s invasion of Ukraine it provoked consternation abroad and drove the cereal even higher. Now Indian farmers and traders are fuming they have been denied a windfall as domestic prices have plummeted. India is the world’s second-biggest wheat producer, but the government — itself the country’s …

ISLAMABAD, May 21 (ABC): Prime Minister Shehbaz Sharif has urged business community to focus on growth of export-oriented sectors like Information Technology and agriculture related industry. He was chairing a meeting of a group of business community in Karachi to figure out a way forward to cope with the financial challenges facing the country. The Prime Minister promised to develop …