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Business community should come forward in Halal food sector: Secretary Food

01:01 AM | 2 Dec, 2016
Business community should come forward in Halal food sector: Secretary Food
LAHORE - Federal Secretary, Ministry of National Food Security & Research Muhammad Abid Javed has said that special attention is being given to the Halal food sector it has the ability to give a quantum jump to the national exports.

He was speaking here at the Lahore Chamber of Commerce & Industry on Thursday.

The LCCI President Abdul Basit and former President Shahzad Ali Malik also spoke on the occasion while  former Vice Presidents Aftab Ahmed Vohra, Abuzar Shad, Mian Zahid Javed, Muhammad Arshad Chaudhry, Ali Hussam Asghar, Tehmina Saeed Chaudhry, former Executive Committee Members Rehmatullah Javed, Naseeb Ahmed Saifee, Khawaja Imtiaz Ahmed and Ghulam Sarwar Malik were present at the meeting.

Federal Secretary said that Rice Research Institute is continuously working in to introduce new varieties and recently two new varieties have been introduced that would help enhance rice exports. He said that there is a high demand for Pakistani basmati rice in the global market. He said that import of tomato from India has been stopped as the country has enough production to meet the domestic demand.

The LCCI President Abdul Basit said that Pakistan is an agrarian economy could not be able to draw the potential benefits of this sector. It is a matter of concern that during the fiscal year of 2015-2016, the performance of agriculture sector as a whole remained dismal.

He said that unlike other sectors of the economy, the agriculture sector witnessed a negative growth of 0.19% against 2.53% growth during the same period last year. The growth of crops also declined by 6.25%, while the other sub-component of agriculture sector like livestock, forestry and fishing posted positive growth of 3.63%, 8.84%, and 3.25%, respectively.

“It is really unfortunate that we lag terribly behind in producing the desired results. It is high time that our farmers and local entrepreneurs related to food and its associated sectors must be motivated to modernise their processes. For that matter, the Ministry of National Food Security can play pivotal role”, Abdul Basit added.

He said that since there are a number of research institutions working under the control of the ministry, so, it is suggested that they should take this responsibility to highlight the benefits of adopting new ways and technologies to increase the existing low level of agricultural yield. We believe that there can be better results if the cost factor of availing such facilities is as minimised as possible.

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Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 13 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 13, 2024 (Monday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.1 for buying and 279.85 for selling.

Euro stands at 296 for buying and 298.7 for selling while British Pound rate is 344 for buying, and 347.5 for selling.

UAE Dirham AED was at 75.1 and Saudi Riyal came down to 73.40.

Today’s currency exchange rates in Pakistan - 13 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.1 279.85
Euro EUR 296 298.7
UK Pound Sterling GBP 344 347.5
U.A.E Dirham AED 75.1 75.5
Saudi Riyal SAR 73.40 74.10
Australian Dollar AUD 180.5 182.5
Bahrain Dinar BHD 739.61 747.61
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.6 35.95
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.67 913.67
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 166.93 168.93
Norwegians Krone NOK 25.69 25.99
Omani Riyal OMR 722.52 730.52
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 306.4 308.9
Thai Bhat THB 7.56 7.71

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