Factory output stays sluggish

LSM down 2.07 per cent in 4MFY11

Ghulam Raza Rajani

KARACHI: Pakistan’s industrial output continued to show downward trend and contracted by 2.07 per cent in the first four-month of the current fiscal year mainly due to decline in production of petroleum, chemical and fertiliser sectors, according to data from the Federal Bureau of Statistics (FBS).

During the period, two subsectors decline in production as Oil Companies Advisory Committee (OCAC) reported 13.86 per cent drop in production, and Ministry of Industries down by 4.55 per cent, while Provincial Bureau of Statistics showed a growth in production by 3.64 per cent. On the other hand, month of October also saw the decline – slightly higher by 2.81 per cent over the same period last year, worrying industrial output of the country.
The FBS data further reveals that petro

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ZTBL receives loan pleas till Jan 4th

ISLAMABAD: Under one-window programme the Zarai Taraqiati Bank will receive applications for loans till Jan 4, 2011. Farmers, owner of 25 acre irrigation land and 50 acre arid land are eligible for window loan.

The agriculture department of Punjab informed farmers will also receive seeds, fertiliser and other required items for crops cultivation for the season.
Under one-window operation Zarai Taraqiati Bank relevant branch will be bound to provide loans to farmers in three days. Mobile credit officers of the bank will receive applications from farmers on every Monday. In case of any complaint regarding delay in process, farmers can lodge a complaint to District Coordination Officer, Executive officer (Revenue), Zonal Chief Zarai Taraqiati Bank Ltd or District office Agriculture. Punjab Government agriculture department has also established tool- free help line 0800-15000, 0800-29000 for information purpose. -APP

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Posted in: agriculture,Bank Ltd,fertiliser,Jan,land,loan,loans,Punjab,Zarai Taraqiati Bank,Zonal Chief,Zonal Chief Zarai Taraqiati Bank Ltd,ZTBL