Business
Hybrid oilseed spreads fragrance across Pakistan | The Express Tribune
WUHAN:
With the switch on, the rapeseed spun rapidly in the press. Soon, a strong aroma filled the air. Watching the bright golden oil flow into a barrel, Pakistani farmers all smiled with satisfaction.
Sayima Rizwan, a housewife from Gujranwala, praised the edible oil made from Chinese seed. “Now my family can’t live without it. With a reasonable price, this oil makes my dishes more fragrant.”
Wuhan Qingfa Hesheng Seed Co Ltd and Evyol Group, a Pakistani agricultural enterprise, recently signed a memorandum of understanding (MoU) on cooperation in rapeseed industrialisation. The two parties will further develop a comprehensive seed industry chain in Pakistan.
As one of the earliest Chinese seed companies to expand internationally, Qingfa Hesheng has been deeply engaged in the Pakistani market for 21 years. They discovered that Pakistan, a major consumer of edible oil, has an annual demand for 5 million tons, of which 89% is imported and the annual cost is about $4 billion, resulting in an extremely low self-sufficiency rate.
“HC-021C, our low erucic acid and low glucosinolate hybrid rapeseed variety, boasts an oil content exceeding 42% and an unsaturated fatty acid content exceeding 76%. Compared to local varieties, this represents an 8% increase in yield and a 6-8% increase in oil content,” said Zhou Xusheng, Director of Overseas Business at Qingfa Hesheng.
“Low erucic acid means it’s more in line with modern healthy dietary needs. At the same time, the rapeseed meal byproduct after extraction has low glucosinolate content and higher-quality feed, improving the overall benefits of local animal husbandry.”
In recent years, Qingfa Hesheng has adopted an order-based production cooperation model to promote the planting of HC-021C on approximately 100,000 hectares in the South Asian country, harvesting 250,000 tons of high-quality seed, equivalent to around 95,000 tons of edible oil, with a value of $220 million.
“As Pakistan’s largest hybrid variety, HC-021C is expected to be promoted on an area of about 66,667 hectares in 2025-26,” Zhou Zhanwang said.
“Our partnership with the Chinese company ensures a stable supply of high-quality seed, which not only significantly reduces raw material and logistics costs, but also effectively increases the added value of end-products. We’re going to undoubtedly plan to further expand our procurement scale in the future,” said Bashir, General Manager of a Pakistani cooperative enterprise.
This article originally appeared on China Economic Net
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
JSW Jetour T2 Launch: JSW Motors Limited, the passenger vehicle arm of the JSW Group, is reportedly preparing to enter the Indian car market this year. It has partnered with Jetour, a China-based automotive brand owned by Chery Automobile, and the Jetour T2 SUV could be the company’s first product, according to the reports.
Media reports suggest that the launch will happen independently and not under the JSW MG Motor India joint venture. The SUV will wear a JSW badge and name, instead of the Jetour branding. The upcoming SUV will be assembled at JSW’s upcoming greenfield manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra.
According to the reports, the company plans to have the vehicle on sale by the third quarter of this year. With this move, JSW aims to establish itself as a standalone carmaker in India.
Expected Powertrain
The SUV is likely to arrive with a 1.5-litre plug-in hybrid setup. Internationally, this hybrid powertrain is offered with both front-wheel drive and all-wheel drive options. It is still unclear which version will be introduced in India.
Design
In terms of design, the T2 is a large and rugged-looking SUV. It has a boxy and upright stance, similar to vehicles like the Land Rover Defender. Despite its tough appearance, it uses a monocoque chassis instead of a ladder-frame construction.
Size
The SUV measures around 4.7 metres in length and nearly 2 metres in width. This makes it larger than the Tata Safari, even though it is a five-seater. A longer 7-seat version is also sold in some markets.
Price
Pricing details for India are yet to be announced. For reference, the front-wheel-drive five-seat T2 i-DM is priced at AED 1,44,000 (around Rs 35 lakh) in the UAE.
Jetour
Jetour is a brand owned by Chinese automaker Chery. Launched in 2018, it focuses mainly on SUVs and is present in markets across China, the Middle East, Africa, Southeast Asia and Latin America.
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