ISLAMABAD – The interim Punjab government has allocated more than 45,000 acres of land to the Pakistan Army for a “Corporate Agriculture Farming” project.
According to reports circulating in the Pakistani media, it's a "joint venture" aimed at increasing the crop yield and ensuring food security.
“The army will play a role at the management level to make the project a success story. However, ownership of the land will continue to stay with the provincial government. The military will not get any profit or share in the revenue to be mopped from corporate agriculture farming,” The News International quoted a source as saying in its report.
According to the report, corporate agriculture farming will be initiated on 45,267 acres of the Punjab government in Bhakkar, Khushab and Sahiwal districts. The project will be completed in phases. Corporate companies would also be included in this project.
Under the project, state lands of the Punjab government, which are barren and under-cultivated, will be used for corporate farming. The locals would be made part of the project for modern and mechanized farming.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on May 27, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||381||384.5|
|Hong Kong Dollar||HKD||36.6||36.95|
|New Zealand Dollar||NZD||176.98||178.98|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,550 on Saturday.The price of 10 grams of 24k gold was recorded at Rs201,950.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 235,550||PKR 2,450|
|Karachi||PKR 235,550||PKR 2,450|
|Islamabad||PKR 235,550||PKR 2,450|
|Peshawar||PKR 235,550||PKR 2,450|
|Quetta||PKR 235,550||PKR 2,450|
|Sialkot||PKR 235,550||PKR 2,450|
|Attock||PKR 235,550||PKR 2,450|
|Gujranwala||PKR 235,550||PKR 2,450|
|Jehlum||PKR 235,550||PKR 2,450|
|Multan||PKR 235,550||PKR 2,450|
|Bahawalpur||PKR 235,550||PKR 2,450|
|Gujrat||PKR 235,550||PKR 2,450|
|Nawabshah||PKR 235,550||PKR 2,450|
|Chakwal||PKR 235,550||PKR 2,450|
|Hyderabad||PKR 235,550||PKR 2,450|
|Nowshehra||lPKR 235,550||PKR 2,450|
|Sargodha||PKR 235,550||PKR 2,450|
|Faisalabad||PKR 235,550||PKR 2,450|
|Mirpur||PKR 235,550||PKR 2,450|
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