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Shipping activity at Port Qasim KARACHI: Six ships carrying Containers, Cement, Roro, Chemical and Edible oil were berthed at Qasim International Containers Terminal, Multi Purpose Terminal, Engro Vopak Terminal and Liquid Cargo Terminal respectively.Meanwhile two more ships carrying containers also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was 75% at the Port on Wednesday where eight ships namely Al Abdali, Sealand Washington, Alliance Fairfax, Filia Glory, Atlantic Glory, David Schulte, Sea Ambition and Golden Blessing are currently occupying berth to load/offload containers, roro, cement, chemical, canola seeds and edible oil respectively during last 24 hours.A cargo volume of 50626 tonnes comprising 23925 tonnes imports and 26701 tonnes exports inclusive of containerized cargo carried in 1827 containers (TEUs) were handled at the Port during last 24 hours. Copyright APP (Associated Press of Pakistan), 2014

Corn retreats after biggest one-day gain in 3-weeks SYDNEY: US corn futures edged down on Wednesday as traders banked profits after the grain posted its biggest single-session rise in three weeks in the previous session on concerns over a slow planting pace in the United States.FUNDAMENTALSChicago Board Of Trade July corn fell 0.1 percent to $5.01-1/4 a bushel, having gained 1.7 percent in the previous session, the biggest climb since the end of March.July soybeans rose 0.1 percent to $14.72-3/4 a bushel, having ...

Gold near 2-1/2 month low on firm equities, fund outflows SINGAPORE: Gold was trading near its lowest in more than two months on Wednesday as stronger equities dented the metal's safe-haven appeal and bullion funds showed weak investor appetite.FUNDAMENTALSSpot gold was trading flat at $1,283.40 an ounce by 0021 GMT. It fell to a low of $1,277.10 on Tuesday - its weakest since Feb. 11.SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, has seen sharp outflows in the last week, weighing on prices.India's gold ...

Soymeal eases with CBOT on China concerns ROTTERDAM: Soymeal in Europe eased on Tuesday, following the four-day Easter break, on fears of further Chinese cancellations of US soybean contracts and talk that China will sell soybeans from its reserves, which weighed on the CBOT soy complex."The market started somewhat lower, but both buyers and sellers used the day mainly for re-orientation and that caused a lacklustre picture," one broker said.South American soymeal was mostly offered $3 to $7 a tonne down from ...

ICE coffee hits two years high NEW YORK: ICE arabica coffee soared 8 percent on Tuesday to a more than two-year high after a major trade house cut its forecast for the 2014/15 Brazil crop, the latest of a string of reduced outlooks in recent months due to drought damage in the top producer.London refined sugar prices jumped as trading resumed after the long holiday weekend, catching up with Monday's gains in the New York market, and cocoa futures ended little-changed.Volcafe, ...

Kenya's top grade coffee price stable at $390 per bag NAIROBI: The maximum price of Kenya's benchmark coffee grade was unchanged at $390 per bag at this week's sale, the Nairobi Coffee Exchange said.The east African nation is a fairly small producer of the beans but global roasters usually buy the crop, to blend with coffee from other producers, which offer beans with a lower quality. Grade AA sold for $232-$390 per 50 kg bag while a bag of grade AB coffee fetched $204-$316 per ...

NY coffee to test support at $1.9705 SINGAPORE: New York July coffee is expected to test a support at $1.9705 per lb, a break below which will lead to a further loss to $1.9380.Coffee's failure to break a resistance at $2.0560 indicates the sharp surge from the April 16 low of $1.8850 could just be a rebound, which has been driven by a wave B. The resistance is provided by the 76.4 percent Fibonacci retracement on the fall from the April 11 ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln