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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 ...

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 ...
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 ...
Demand to pick up as buyers return after Easter HANOI: Vietnam's coffee export market is expected to pick up in the next few days as many buying nations return from Easter holidays, traders said. World coffee consumption for 2013 was estimated at 145.8 million 60-kg bags, while the 2013/2014 crop could provide 145.7 million bags, the International Coffee Organization said in its March report."With a coffee deficit expected, buying demand has been strong," said a trader at a foreign firm in Ho Chi Minh ...
Japan offers to buy 108,789 tonnes food wheat via tender TOKYO: Japan's Ministry of Agriculture is seeking to buy a total of 108,789 tonnes of food quality wheat from the United States, Canada and Australia in a tender that will close late on Wednesday, a document on the ministry's website showed on Tuesday.The tender for milling wheat, which is usually issued on Tuesdays and awarded on Thursdays, will be awarded earlier this week due to the Easter holidays, according to an official.Japan, the world's sixth-biggest ...
CBOT wheat still targets $6.58-1/2 SINGAPORE: A bearish target at $6.58-1/2 per bushel remains unchanged for CBOT May wheat, as indicated by its wave pattern and Fibonacci projection analysis.Wheat is riding on a wave c, the third wave of a three-wave cycle starting from the March 20 high of $7.23-1/2. This wave is capable of travelling to $6.43-3/4, its 100 percent Fibonacci projection level.However, this target could only be confirmed when wheat breaks below a support at $6.58-1/2, the 38.2 ...
NY sugar signals mixed SINGAPORE: Signals are mixed for New York May sugar, as it is not clear if the contract could break a resistance at 16.96 cents per lb.The resistance has been established at the 23.6 percent Fibonacci retracement on the fall from the March 6 high of 18.47 cents to the April 15 low of 16.50 cents, only a break above which could confirm an extension of a wave c towards 17.25 cents, the 38.2 percent level.Signals ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln