News stories for Naseem Usman - Business Recorder

Naseem Usman

WEEKLY COTTON REVIEW: Business activities remain suspended

Increasing trend was witnessed in the international cotton markets. Like textile mills of Punjab textile mills of Sindh hinted to start operations partially. State Bank of Pakistan has announced a refinance scheme for the payments of salaries to the worke

Published 13 Apr, 2020 12:00am

WEEKLY COTTON REVIEW: No business activity in market

The partial sowing of cotton has started but there are no estimates of production. The support price was not fixed yet. The crisis of the textile sector is increasing day by day. The industries have started working partially.

Published 06 Apr, 2020 12:00am

WEEKLY COTTON REVIEW: No business in local market due to coronavirus

The cotton trade was badly affected by coronavirus internationally. Local textile mills and ginners were in distress. Textile mills were shut down after the building up of inventory as a result of suspension of export orders from abroad.

Published 30 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Rate, trading volume decrease

Cotton Markets in the world were crashed due to coronavirus. The rate of New York Cotton was at the lowest during the past ten years. The local textile sector is badly affected. Textile mills begin to close partially. Ginners were in distress. Delay in th

Published 23 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Trading volume remains low

The local textile and cotton industry which is moving in positive direction is badly affected by Corona virus. There were many challenges in the way of increasing the production of cotton. Steps should be taken for the immediate remediation of the challen

Published 16 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Business volume witness continuous decline

Cotton business volume witnessed continuous decline. Production of cotton decreased 20.26 percent. Import agreements of 50 lac cotton bales from abroad were signed.

Published 09 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Trading volume remains low in local market

Bearish trend was witnessed in international cotton market. In the local cotton market trading volume remained low. The government is actively working on increasing the production of cotton in the country. Positive steps are taken but the government to so

Published 02 Mar, 2020 12:00am

WEEKLY COTTON REVIEW: Prices remain stable

The prices of cotton remained stable. There are two major threats to the cotton crop for the next season. The germination process of seeds is alarmingly low. Emergency should be imposed to control Locust swarm. India, Vietnam, Bangladesh are taking advant

Published 24 Feb, 2020 12:00am

WEEKLY COTTON REVIEW: Low trading observed

Low trading was observed in cotton market. Ginners were under pressure. No amount was allocated for the much discussed emergency program for increasing the production of cotton. No implementation from the concerned departments on the Prime Minister Imran

Published 17 Feb, 2020 12:00am

Business & Finance

WEEKLY COTTON REVIEW: No business in market as price remains stable

The prices of cotton remained stable. There was almost no business in the market. The organizations related to agriculture and economy asked the government to take practical steps to increase the production of cotton. Due to the extraordinary increase in

Published 10 Feb, 2020 12:00am

COTTON REVIEW: Trading volume continues to decline

Under the influence of international cotton market, the decreasing trend was witnessed in the prices of local cotton. Trading volume continued to decline. Lack of good quality seeds: There is a need to evolve positive strategy in order to increase the pro

Published 03 Feb, 2020 12:00am

WEEKLY COTTON REVIEW: Trading volume decreases; price increases

The trading volume of cotton decreases. Prime Minister Imran Khan has issued instruction regarding increasing cotton production. Increase in energy prices strongly opposed.

Published 27 Jan, 2020 12:00am

WEEKLY COTTON REVIEW: prices remain stable in local, international markets

The prices of cotton remained stable in local and international markets. The delay in issuing SRO regarding abolishing of import duty on cotton and it is feared that cotton production will decrease in the coming season if the strategy was not made on war

Published 20 Jan, 2020 12:00am

WEEKLY COTTON REVIEW: Prices maintain increasing trend

The trend in increase in prices of cotton remained continued. Cautious attitude of ginners, transport strike, fog and rains were hurdles behind trade volume. Special Task Force under the chair of Prime Minister was constituted to look after the production

Updated 13 Jan, 2020 06:45am

WEEKLY COTTON REVIEW: Cautious buying witnessed; prices remain stable

The prices of cotton remained stable. The cotton market will have a positive impact of the reconciliation between China and America. The seeds allegedly having the capacity of doing wonders are going to be introduced!

Published 23 Dec, 2019 12:00am

COTTON WEEKLY REVIEW: Prices remain stable

The prices of cotton remained stable over all. There is uncertainty in the international market due to the contradictory statements of American President Donald Trump on "trade war". It looks that hard times of local textile industry is going to be over w

Published 16 Dec, 2019 12:00am

WEEKLY COTTON REVIEW: Bearish trend observed due to cautious buying

In the local cotton market during the last week bearish trend was seen due to cautious buying by local mills and due to the panic buying by the ginners because the quality of the cotton stored by the ginners is not good hence spot rate of cotton decreased

Published 09 Dec, 2019 12:00am

WEEKLY COTTON REVIEW: prices slide by Rs 150

The prices of cotton decrease by Rs 150 to Rs 300 per maund. According to the estimates of Advisor on Commerce and Textiles Abdul Razak Dawood eighty lac bales of cotton will be produced. Import of cotton exceed by 35 lac bales. This year the import of co

Published 02 Dec, 2019 12:00am

WEEKLY COTTON REVIEW: Prices dip extraordinarily

The prices of cotton witnessed an extraordinary decrease of Rs 400 per maund. 60 lac bales will be imported. All Pakistan Textile Mills Association demands restoration of zero rated facility. Textile products manufacturers demands that refunds should be i

Published 18 Nov, 2019 12:00am

Business & Finance

WEEKLY COTTON REVIEW: Rate soars to Rs 9,500 per maund

The rate of cotton reached Rs 9500 per maund which is highest during the current season. Senate Standing Committee proposes imposition of cotton emergency in the country keeping in mind the drastic decrease in the production of cotton. Committee directed

Updated 28 Oct, 2019 07:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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