Connect with us

Local Affairs

KP Tobacco Growers Offered 53% Below Official Rate

Tobacco growers in Khyber Pakhtunkhwa are struggling to sell their flue-cured Virginia crop as traders offer Rs350 per kg against the official price of Rs740. Tobacco companies’ total requirement has been fixed at 61.627 million kg, including 58.184 million kg of FCV tobacco. Pakistan Tobacco Company and Philip Morris International Pakistan are reportedly paying the official rate only to contracted growers. Many farmers have been excluded after procurement quotas were reduced and several contracts expired.

Share on:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Local Affairs

August Inflation Hits 11.15%, Rising From 9.2% in July

Pakistan’s annual consumer price inflation surged to 11.15% in August 2026, up from 9.2% in July, according to the Pakistan Bureau of Statistics. Urban inflation accelerated to 10.4%, while rural inflation remained above both the national and urban rates. On a month-on-month basis, urban prices increased by 0.9%, signaling stronger inflationary pressure across the country.

Share on:
Continue Reading

Local Affairs

PM Shehbaz Arrives in Bishkek

Prime Minister Shehbaz Sharif has arrived in Bishkek for the SCO Council of Heads of State meeting and SCO Plus Summit. During his three-day official visit to Kyrgyzstan, Pakistan will assume the chairmanship of the SCO Council of Heads of State for 2026–2027. The prime minister will also hold bilateral meetings with participating leaders and is accompanied by senior cabinet members and government officials.

Share on:
Continue Reading

Local Affairs

Engro to Sell EPCL Stake for Rs19.7bn

Engro Corporation Limited has signed a share purchase agreement with Lotte Chemical Pakistan Limited to sell its entire 56.19% stake in Engro Polymer & Chemicals Limited. The transaction is valued at approximately Rs19.7 billion, equivalent to around $70.95 million. The agreement follows Engro’s 2025 restructuring, which established Engro Holdings as the conglomerate’s investment arm.

Share on:
Continue Reading

Trending