ISLAMABAD: The International Atomic Energy Agency (IAEA) is going to provide Pakistan with a polymerase chain reaction (PCR) machine, biohazard safety cabinets and test kits to support the country’s coronavirus response, the Foreign Office confirmed on Friday.
“The provision of this equipment will augment Pakistan’s national capacity to conduct COVID-19 tests which are crucial in containing the spread of the disease,” the Foreign Office said in a statement.
Real time reverse transcription-polymerase chain reaction (real time RT-PCR) is a nuclear-derived method for detecting the presence of specific genetic material from any pathogen, including a virus, according to IAEA’s educational materials released by its office of public information.
Pakistan’s coronavirus testing capacity is still inadequate, as the country of 210 million conducts only 800 tests a day. While Planning and Development Minister Asad Umar said on Monday that the government seeks to increase the number of tests conducted to 25,000 a day by the end of April, IAEA’s support should streamline the effort.
The real time RT-PCR technique is sensitive and specific and can deliver a reliable diagnosis within three hours. Compared with other methods, it has a lower potential for errors and according to IAEA, it is the most accurate method available for detection of the coronavirus.
The Pakistani embassy in Vienna, where IAEA’s headquarters are located, is in touch with the agency for the equipment’s early shipment to the country, the Foreign Office said, expressing gratitude for IAEA’s efforts to fight the COVID-19 pandemic.
“As a founding member of the Agency, Pakistan has continued to benefit from its technical assistance in various fields including health, agriculture and energy while also contributing to Agency’s work in promoting peaceful uses of nuclear technologies,” the statement read.
IAEA to provide Pakistan with nuclear tech-based coronavirus testing machines
https://arab.news/5v5tm
IAEA to provide Pakistan with nuclear tech-based coronavirus testing machines
- IAEA says nuclear-derived RT-PCR is the most accurate method for coronavirus detection
- Equipment from IAEA will help increase Pakistan’s COVID-19 testing capacity — Foreign Office
Pakistan likely to import around 7 million cotton bales this year as local production nearly halves
- Pakistan produced 5.3 million cotton bales by mid-December against 10 million targeted, government data shows
- While the imports may ensure smooth supply of raw material, they may put pressure on foreign exchange reserves
KARACHI: Pakistan is likely to import around 7 million cotton bales this year owing to a decline of nearly half the annual target set by the Federal Committee on Agriculture (FCA), industry stakeholders said on Tuesday.
Pakistan’s cotton production stood at 5.3 million bales each weighing 170 kilograms as of Dec. 15, according to state-run Pakistan Central Cotton Committee (PCCC) data. The FCA had set a target of 10.2 million bales in April.
Karachi Cotton Brokers Forum (KCBF) Chairman Naseem Usman Osawala sees the country’s cotton production declining by 46 percent this season, compared to the FCA target.
“The country is expected to produce about 5.5 million bales this year,” he told Arab News, adding Pakistan would have to import around 7 million bales to meet requirement of its textile industry which consumes about 12 million bales a year.
The country had sown cotton over 2.002 million hectares, which was down by 11 percent from the targeted 2.26 million hectares.
Muhammad Waqas Ghani, head of research at Karachi-based JS Global Capital brokerage firm, said the South Asian country is likely to miss its cotton output target of 10 million bales.
“At the current rate of arrival, the output can reach 7 million bales at its best,” he added.
Cotton is a raw material for Pakistan’s largest textile industry and was the worst hit crop by climate-induced floods earlier this year.
Osawala said Pakistan’s cotton production has been falling because of an increasing number of sugar mills being established in the country’s cotton-producing regions.
Courts in Pakistan have been issuing significant rulings to bar the establishment of sugar mills in the designated cotton belt areas of the Punjab province. In 2018, the Supreme Court ordered relocation of three sugar mills from cotton-producing districts in southern Punjab to protect the crop.
Since cotton prices are low in the international market, textile millers would go for more imports, according to the KCBF chairman.
On Dec. 22, the price of cotton in the New York market stood at as much as 65.85 cents per pound, 1.64 cents lower than last year, according to the PCCC data.
Osawala said Pakistan’s increasing textile imports are also “hurting local cotton production.”
According to the Pakistan Bureau of Statistics’ (PBS) July-November data, the country had imported raw cotton, synthetic fiber, synthetic and artificial silk yarn and worn clothing worth $2.82 billion, 5 percent more than the imports during the same period last year.
Speaking of the impact of Pakistan’s falling cotton production, Kamran Arshad, chairman of All Pakistan Textile Mills Association (APTMA), said the millers would have to import “a lot of cotton” this year.
“I think approximately 7-7.5 million bales will have to be imported this year,” he said.
The textile and apparel sector is Pakistan’s largest exporter, accounting for more than half of the country’s overall exports and contributing around 8.5 percent of the gross domestic product (GDP) by employing nearly 40 percent of the industrial labor force. But high energy costs and outdated infrastructure among other factors continue to slow growth and leave the country trailing regional peers.
In the last fiscal year, Pakistan imported as much as 6.2 million cotton bales each weighing 220 kilograms, mostly from Brazil and the United States, according to KCBF Chairman Arshad.
Shankar Talreja, head of research at Karachi-based Topline Securities, said Pakistan is likely to import cotton worth $1.2 billion this year “considering the requirement.”
“The full-year import of cotton is likely to remain over $1 billion,” Talreja said.
Economic experts say while importing more cotton would ensure smooth supply of raw material to Pakistan’s textile sector, it may put pressure on the country’s foreign exchange reserves that rose to $15.9 billion last week after the International Monetary Fund (IMF) released a $1.2 billion tranche under Pakistan’s $7 billion loan program.
