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The GIDC 'opportunity'
Cotton

The GIDC 'opportunity'

The Gas Infrastructure Development Cess (GIDC) bill was tabled in the National Assembly by the Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi and passed by a majority with the Pakistan People's Party voting in its favour. Since both PM
Published 21 May, 2015 12:00am
Cotton hits 3-1/2 week low on stronger dollar, spread trading
Cotton

Cotton hits 3-1/2 week low on stronger dollar, spread trading

ICE cotton futures fell for the second straight day on Tuesday, hitting a 3-1/2 week low as a stronger dollar prompted speculators to sell the July contract, with concerns about the next US crop providing some support to the December contract.
Published 20 May, 2015 12:00am
Impediments towards export growth
Currency

Impediments towards export growth

The government must either rationalise the external rupee value or else clear refunds to exporters on a timely basis if export targets are to be met, so stated Additional Secretary, Ministry of Commerce, Rubina Athar, to the Monetary and Fiscal Policy Boa
Published 20 May, 2015 12:00am
Nishat Mills
Cotton

Nishat Mills

The flagship firm of Mian Mansha's renowned Nishat Group, Nishat Mills Limited began its journey in 1951, listing itself on the Karachi Stock Exchange in 1961. By 1992, it was listed on all stock exchanges in the country. Today, its market capitalisation
Published 20 May, 2015 12:00am
Nishat Mills
Currency

Nishat Mills

The flagship firm of Mian Mansha's renowned Nishat Group, Nishat Mills Limited began its journey in 1951, listing itself on the Karachi Stock Exchange in 1961. By 1992, it was listed on all stock exchanges in the country. Today, its market capitalisation
Published 20 May, 2015 12:00am
Irsa discharges 270,300 cusecs water in canal network
Cotton

Irsa discharges 270,300 cusecs water in canal network

Though the water scarcity has almost jolted the country's biggest cosmopolitan and populous port city Karachi recently, the four live rivers are flowing with enough fresh water to meet all irrigation needs of the country. The Indus River System Authority(
Published 20 May, 2015 12:00am
Spring, kharif crops: seasonal changes can impact production: PAD
Cotton

Spring, kharif crops: seasonal changes can impact production: PAD

Punjab Agriculture Department (PAD) has warned the growers that seasonal changes can impact the production of spring and kharif crops. PAD spokesman on Tuesday advised the growers to pay special attention to already sown crops and those which are to be so
Published 20 May, 2015 12:00am
French investors to be convinced to invest in Pakistan: envoy
Cotton

French investors to be convinced to invest in Pakistan: envoy

Security situation in Pakistan is improving satisfactorily and I am visiting Paris next week to convince French investors to come and invest in Pakistan with an open heart and mind, said Madame Martine Dorance Ambassador of France in Pakistan.
Published 20 May, 2015 12:00am
Slow business on grain market
Cotton

Slow business on grain market

A few changes were seen on the wholesale grain market on Tuesday in the process of trading, dealers said. On the grams side, Grams Australia No.1 was higher by Rs 200 to Rs 6900 and grams Dall Australia No.2 also gained the same amount to Rs 7600, other i
Published 20 May, 2015 12:00am
Cotton market: prices sharply up on restricted selling by ginners
Cotton

Cotton market: prices sharply up on restricted selling by ginners

Restricted selling by ginners pushed the rates further higher on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was higher by Rs 50 to Rs 5500, dealers said. In the ready session, over 3000 bales changed hands
Published 20 May, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Deliveries continued fall on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The May vaida closed at Rs 1750.60 on Monday and it commenced with a decline of 30 paisa at Rs 1750.30 in the morning session, they said
Published 20 May, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.414 billion as compared to PKR 2.031 billion reported on Friday, an increase of 68 percent. The number of lots traded also increased by 49 percent to 16,998 from 11,405. PMEX Commodit
Published 20 May, 2015 12:00am
Exports to EU up 21 percent in 2014: Dastgir
Cotton

Exports to EU up 21 percent in 2014: Dastgir

Commerce Minister Khurram Dastgir on Monday said that imports stood at $34 billion during July-March 2014-15 and there has been a 21 percent rise in exports to the European Union in 2014, which translates into an additional export of $1.3 billion, the min
Published 19 May, 2015 12:00am
Exports to EU up 21 percent in 2014: Dastgir
Cotton

Exports to EU up 21 percent in 2014: Dastgir

Commerce Minister Khurram Dastgir on Monday said that imports stood at $34 billion during July-March 2014-15 and there has been a 21 percent rise in exports to the European Union in 2014, which translates into an additional export of $1.3 billion, the min
Published 19 May, 2015 12:00am
Exports to EU up 21 percent in 2014: Dastgir
Cotton

Exports to EU up 21 percent in 2014: Dastgir

Commerce Minister Khurram Dastgir on Monday said that imports stood at $34 billion during July-March 2014-15 and there has been a 21 percent rise in exports to the European Union in 2014, which translates into an additional export of $1.3 billion, the min
Published 19 May, 2015 12:00am
Revise rupee value or clear refunds, MoC asks MoF
Cotton

Revise rupee value or clear refunds, MoC asks MoF

The Commerce Ministry has reportedly urged the Finance Ministry either to rationalise the value of rupee or clear exporters pending refunds of billions of rupees forthwith, well-informed official sources told Business Recorder. The Commerce Ministr
Published 19 May, 2015 12:00am
Revise rupee value or clear refunds, MoC asks MoF
Cotton

Revise rupee value or clear refunds, MoC asks MoF

The Commerce Ministry has reportedly urged the Finance Ministry either to rationalise the value of rupee or clear exporters pending refunds of billions of rupees forthwith, well-informed official sources told Business Recorder. The Commerce Ministr
Published 19 May, 2015 12:00am
Revise rupee value or clear refunds, MoC asks MoF
Cotton

Revise rupee value or clear refunds, MoC asks MoF

The Commerce Ministry has reportedly urged the Finance Ministry either to rationalise the value of rupee or clear exporters pending refunds of billions of rupees forthwith, well-informed official sources told Business Recorder. The Commerce Ministr
Published 19 May, 2015 12:00am
Cotton falls most in six months on profit-taking, stronger dollar
Cotton

Cotton falls most in six months on profit-taking, stronger dollar

ICE cotton futures had their largest single-session decline in more than six months on Monday due to fund profit-taking after three consecutive days of gains and substantial strengthening of the US dollar. "There's certainly room under this, another penny
Published 19 May, 2015 12:00am
Modest trade on grain market
Cotton

Modest trade on grain market

Modest trade was seen on the wholesale grain market on Monday in the process of trading, dealers said. On the cereals side, Moong Punjab was sharply down by Rs 1250 and Moong Afghan followed the same pattern, losing Rs 700 to Rs 12250, wheat new Bardan al
Published 19 May, 2015 12:00am