Already feeling the pinch of food insecurity, the agriculture sector of Pakistan has to face a loss of Rs 67 billion, as recent monsoon flooding has damaged standing crops in most of Lower Sindh.

To save 115.5 GWh of electricity per year, USAID has decided to replace 11,000 highly inefficient irrigation tubewells with more energy efficient motor-pump that will reduce the electricity consump

The rice export of Pakistan has exceeded 2.5 billion dollars that is 88 percent more than the last year export in monetary terms while it is being estimated that the export figure may touch 3 billion dollars.

The Ministry of Finance has released 250 million dollars to the Ministry of Food and Agriculture (Minfa) for the import of urea. Reliable sources told Business Recorder here on Friday that the Ministry of Finance has released the amount to import 0.1 million tons urea before the end of 2008-09.

Rainfall in Punjab may damage two to three percent of the standing wheat crop, reliable sources told Business Recorder here on Wednesday. They said that the area under wheat cultivation in Muzzafargarh, Bahawalpur and Rajanpur was badly affected by the current rains in the province.