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May 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Cotton

Economy revisited
Exchange

Economy revisited

The "Asian Development Outlook (ADO) 2016" forecasts for Pakistan a growth of 4.5 percent for fiscal year ending June 2016 and 4.8 percent for fiscal year 2016-17. The Asian Development Bank (ADB) annual economic report released on 30th March 2016 also fo
Published 02 Apr, 2016 12:00am
Task Force formed to address competitiveness of cotton economy
Cotton

Task Force formed to address competitiveness of cotton economy

The Task Force (Cotton) elected unanimously Seth Muhammad Akbar from the All Pakistan Textile Mills Association (APTMA) Punjab as its first Chairman and Khawaja Tahir Mahmood from the Karachi Cotton Association (KCA) as Vice Chairman of the Task force (Co
Published 02 Apr, 2016 12:00am
ICE cotton hits two-week high on export sales data
Cotton

ICE cotton hits two-week high on export sales data

Cotton futures rose to a two-week high on Thursday, as expectations of unfavorable weather conditions and positive export sales data offset a slightly bearish US government planting intentions report. The front-month May contract recovered after falling 0
Published 02 Apr, 2016 12:00am
Spot rate falls further on short supply of fine quality cotton
Cotton

Spot rate falls further on short supply of fine quality cotton

Prices extended slide on the cotton market on Friday in the process of modest trading, dealers said. The official spot rate dropped further Rs 50 to Rs 5,200 dealers said. In the Punjab seed cotton prices were at Rs 2400 and Rs 3000, they said. In the rea
Published 02 Apr, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,096 million. The number of lots traded was 15.69 million. PMEX Commodity Index closed at 2,708. Major business was contributed by gold amounting to PKR 3,266 million followed by c
Published 02 Apr, 2016 12:00am
ICE cotton rises on short-covering rally
Cotton

ICE cotton rises on short-covering rally

Cotton futures settled higher on Wednesday, making the biggest gain in more than a week, on a short-covering rally ahead of the US government's planting intentions report on Thursday. "This is just short covering and book scoring up ahead of tomorrow's ac
Published 01 Apr, 2016 12:00am
Cotton prices steady due to decline in stocks
Cotton

Cotton prices steady due to decline in stocks

Cotton prices were held steady on Thursday due to declining free stocks on the ready market which are held by the ginners. Now only about 450,000 bales (155 kgs) are available from the current crop (August 2015 / July 2016) out of a total output of nearly
Published 01 Apr, 2016 12:00am
Cotton prices steady due to decline in stocks
Cotton

Cotton prices steady due to decline in stocks

Cotton prices were held steady on Thursday due to declining free stocks on the ready market which are held by the ginners. Now only about 450,000 bales (155 kgs) are available from the current crop (August 2015 / July 2016) out of a total output of nearly
Published 01 Apr, 2016 12:00am
Prices fall as stock of quality lint drops
Cotton

Prices fall as stock of quality lint drops

An easier trend was witnessed on the cotton market on Thursday in the process of modest trade activity, dealers said. The official spot rate was lower by Rs 50 to Rs 5,250 dealers said. In the Punjab prices were at Rs 2400 and Rs 3000, they said. In the r
Published 01 Apr, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The May vaida was down while the July contract was unchanged on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The May contract closed at Rs 2050.00 but it commenced with 50 paisa decline at Rs 2049.50 in the w
Published 01 Apr, 2016 12:00am
Prices mixed on grain market
Cotton

Prices mixed on grain market

The moderate trade activity was seen on the wholesale grain market on Thursday as some buying interest emerged among the participants, dealers said. On the cereals side, wheat new Bardan inched up by Rs 10 to Rs 3100, other commodities held the overnight
Published 01 Apr, 2016 12:00am
Non-oil imports: SBP report warns about financing Challenge
Cotton

Non-oil imports: SBP report warns about financing Challenge

State Bank of Pakistan has warned that a strong domestic demand (non-oil imports) and a potential revival in investment in the country will generate an additional demand for imported capital goods and raw materials which would be challenging to finance if
Published 01 Apr, 2016 12:00am
Non-oil imports: SBP report warns about financing Challenge
Cotton

Non-oil imports: SBP report warns about financing Challenge

State Bank of Pakistan has warned that a strong domestic demand (non-oil imports) and a potential revival in investment in the country will generate an additional demand for imported capital goods and raw materials which would be challenging to finance if
Published 01 Apr, 2016 12:00am
Non-oil imports: SBP report warns about financing Challenge
Exchange

Non-oil imports: SBP report warns about financing Challenge

State Bank of Pakistan has warned that a strong domestic demand (non-oil imports) and a potential revival in investment in the country will generate an additional demand for imported capital goods and raw materials which would be challenging to finance if
Published 01 Apr, 2016 12:00am
Macroeconomic outlook appears stable
Exchange

Macroeconomic outlook appears stable

The State Bank of Pakistan (SBP) said on Thursday that despite challenging global economic conditions, Pakistan's overall macroeconomic outlook appears stable and growth is likely to pick up despite the constraints. The SBP in its second quarterly report
Published 01 Apr, 2016 12:00am
Macroeconomic outlook appears stable
Cotton

Macroeconomic outlook appears stable

The State Bank of Pakistan (SBP) said on Thursday that despite challenging global economic conditions, Pakistan's overall macroeconomic outlook appears stable and growth is likely to pick up despite the constraints. The SBP in its second quarterly report
Published 01 Apr, 2016 12:00am
Macroeconomic outlook appears stable
Exchange

Macroeconomic outlook appears stable

The State Bank of Pakistan (SBP) said on Thursday that despite challenging global economic conditions, Pakistan''s overall macroeconomic outlook appears stable and growth is likely to pick up despite the constraints. The SBP in its second quarterly report
Published 01 Apr, 2016 12:00am
IMF tenth review
Exchange

IMF tenth review

The IMF Executive Board has approved the release of $502 million to Pakistan following the successful completion of the tenth review under the three year EFF. The Ministry of Finance must be commended for not requiring any waivers this time, as all the qu
Published 01 Apr, 2016 12:00am
Provinces' water share approved by Irsa's body
Cotton

Provinces' water share approved by Irsa's body

Indus River System Authority (Irsa) on Thursday approved water share for provinces for Kharif season 2016 starting from April 1 projecting zero load shedding of water, due to which bumper crops are expected besides higher hydel power generation. The water
Published 01 Apr, 2016 12:00am
Trade body for greater government focus on agriculture
Cotton

Trade body for greater government focus on agriculture

The Business community of Southern Punjab and Farmers Associations on Thursday demanded greater focus on agriculture as 80 percent exports of the country were depended upon agriculture. Development of agriculture sector is linked to prosperity of farmers,
Published 01 Apr, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Mar, 2016 12:00am
APTMA clarification
Cotton

APTMA clarification

The All Pakistan Textile Mills Association spokesman has clarified that the Association has demanded immediate imposition of 15 percent Regulatory Duty on the import of synthetic yarns, particularly the Polyester Viscos Yarn, Polyester Cotton Yarn and Pur
Published 31 Mar, 2016 12:00am
PBIF chief urges government to give boost to agriculture sector
Cotton

PBIF chief urges government to give boost to agriculture sector

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has demanded of the government to focus its attention towards agriculture sector as the country's 80 per cent exports is linked to it. "Development of agriculture sector is
Published 31 Mar, 2016 12:00am
ADB projects 4.5 percent growth in fiscal year 2016
Cotton

ADB projects 4.5 percent growth in fiscal year 2016

Asian Development Bank (ADB) has projected GDP growth for Pakistan at 4.5 percent in fiscal year-2016, assuming continued macroeconomic stability, expected improvement in energy supply, and planned infrastructure investment tied to an economic corridor pr
Published 31 Mar, 2016 12:00am