The second round of the commodity bull-run has begun. With metals such as gold, silver and platinum are aggressively racing forward, cotton seems to be following close behind as, last month, futures for the commodity rose to levels not witnessed since 1995.
Recognising that the KSE benchmark index has more than doubled since January 2009, brokers at BMA Capital posed an important question this week: is there any more room to go up? Ideally, the answer to that lies in the fundamentals, as they aptly pointed out.
Long-standing trading relationships may fail to result in balanced growth for trading partners if the interests of both are not addressed adequately. Such had been the case under the Afghan Pakistan Transit Trade Agreement (APTTA).
For decades, Pakistan had allowed its territory to be used as a thoroughfare for goods to be consumed in the land-locked Afghanistan on a duty-free basis.
Energy savers do not seem to be on the priority list in Islamabad as a lot is at stake for power (read government) saving these days. But sooner or later, the government will have to decide on the fate of the 30 million energy saver bulbs that the ADB wants to be used all across Pakistan, in order to move on the track of the energy sector reform programme.
Latest in the series of the sugar industrys happenings is the auction of 50,000 tons of sugar by the Trading Corporation Pakistan (TCP). Ever since the decision to purchase sugar from the international market had been made, the fate of the imported sugar for Pakistan seemed almost cursed as was obvious from the several unwarranted import delays.