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Currency

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

Currency

ADB projects 4.5 percent growth in fiscal year 2016

Published 31 Mar, 2016 12:00am

Cotton

ICE cotton down on China stockpile worries

Cotton futures traded lower on Tuesday on expectations China will soon begin offloading its huge reserves and in cautious trading ahead of the US government's planting intentions report on Thursday. The plantings report will likely not be bullish and unti

Published 31 Mar, 2016 12:00am

Cotton

Modest trade seen on grain market

The mixed price patterns were seen on the wholesale grain market on Wednesday in the process of modest trade activity, dealers said. On the cereals side, Moong Afghan fell sharply by Rs 750 to Rs 9750 and Masoor Canada best type was unchanged at Rs 11600

Published 31 Mar, 2016 12:00am

Cotton

Cotton market: Volume of business improves on persistent demand

The volume of business improved on the cotton market on Wednesday following the persistent demand by mills and spinners, dealers said. The official spot rate was unchanged at Rs 5,300 dealers said. In Sindh, seed cotton prices were at Rs 2200-2400, and in

Published 31 Mar, 2016 12:00am

Cotton

Oil cake market rates

The May vaida was down while the July contract was unchanged on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The May contract closed at Rs 2050.30 but it commenced with 30 paisa fall at Rs 2050.00 in the wee

Published 31 Mar, 2016 12:00am

Exchange

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,653 million. The number of lots traded was 21.95 million. PMEX Commodity Index closed at 2,709. Major business was contributed by gold amounting to PKR 6,075 million followed by cr

Published 31 Mar, 2016 12:00am

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Mar, 2016 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (March 29, 2016).

Published 30 Mar, 2016 12:00am

Cotton

Prices of grams, cereals down on grain market

A falling trend prevailed on the wholesale grain market on Tuesday in the process of moderate trading, dealers said. On the cereals side, Urad Burma lost Rs 300 to Rs 6500, Barley Sindh and Mardan also shed Rs 50 to Rs 3000, Guwar Sindh followed same patt

Published 30 Mar, 2016 12:00am

Cotton

Cotton market: prices stabilise on fresh buying interest

A fresh buying interest by spinners and mills helped the rates to keep present levels in the process of trading, dealers said on Tuesday. The official spot rate was unchanged at Rs 5,300 dealers said. In Sindh, seed cotton prices were at Rs 2200-2400, and

Published 30 Mar, 2016 12:00am

Cotton

Oil cake market rates

The March vaida maintained an upward trend on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The March contract closed at Rs 2050.00 and it commenced with 30 paisa rise at Rs 2050.30 in the wee hours, they said.

Published 30 Mar, 2016 12:00am

Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,404 million.

Published 30 Mar, 2016 12:00am

Cotton

Treat the cause, not the symptom

On March 25, 2016 the Executive Board of the International Monetary Fund (IMF) completed the tenth review of Pakistan's economic performance under the three-year Extended Fund Facility (EFF) amounting to SDR 4.393 billion (about US $6.64 billion) or 216 p

Published 30 Mar, 2016 12:00am

Cotton

Cotton up slightly on weaker dollar in choppy trade

Cotton futures settled up slightly on Monday, helped by a weaker dollar as traders remained cautious ahead of the US government's much awaited planting intentions report on Thursday. "It has been a very lethargic and choppy day. I don't foresee the market

Published 30 Mar, 2016 12:00am

Cotton

Man-made fibres: APTMA chairman demands 15 percent RD on import

All Pakistan Textile Mills Association Chairman Tariq Saud has demanded of imposing 15 percent regulatory duty on the import of man made fibers, particularly the polyester viscos yarn, polyester cotton yarn and pure polyester yarn. He said a meeting of th

Published 30 Mar, 2016 12:00am

Cotton

Water flow in rivers increases

Water flow in the four live rivers has increased to the tune of 1, The running water in the river Jhelum at Mangla on Tuesday was 57,500 cusecs, in the mighty Indus at Tarbela 32,500 cusecs, in river Kabul at Nowshera 25,400 cusecs and in river Chenab at

Published 30 Mar, 2016 12:00am

Cotton

Global cotton stocks seen falling for second season running

Global cotton stocks are expected to decline for the second consecutive season in 2016/17, research firm Cotton Outlook said on Friday. Cotton Outlook (Cotlook), issuing its initial supply and demand forecasts for the 2016/17 season, which starts on Augus