A news item appeared in Business Recorder on March 11, says that the Karachi Cotton Association (KCA) is going to hold a cotton moot on the 15th March on cotton crop failure in 2015-16. All the agencies that are concerned with cotton industry are i
Institute of Policy Reforms (IPR) launched a report on six-month review (July to December) of the Pakistan economy for the year 2015-16. "Pakistan has pinned too much hope on the China Pakistan Economic Corridor for its economic revival but the corridor w
In the backdrop of constant decline in exports, All Pakistan Business Forum (APBF) has asked the government to take business community on board in preparing policies to enhance exports so that fast widening trade deficit could be checked. APBF President I
Sindh Chamber of Agriculture (SCA) has demanded the Sindh government to announce bailout package of Rs100 billion for agriculture sector because it is also facing the same financial crisis as PIA and Steel Mills. The SCA at Hyderabad Club on Sunday organi
Cotton futures gained for a second straight session on Friday, amid a broad rally in commodities and equities markets, rising further from a more than 6-1/2-year low struck on Thursday. Prices still finished the week lower. "Even though speculators contin
A few changes were seen on the wholesale grain market on Saturday in the process of trade, dealers said. On the cereals side, prices of Barley Sindh fluctuated but closed at overnight levels, they added. On the seeds side, castor seeds Lasbela moved in a
Prices maintained overnight level amid lacklustre business on the cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab prices at Rs 2500 a
A softer trend was witnessed on the forward cottonseeds oilcake market on Saturday as the March vaida opened with modest losses in the process of trading, dealers said. The March vaida closed at Rs 2051.80 and it commenced with 40 paisas losses at Rs 2051
Prices of seed cotton went up on the cotton market on Friday due to diminishing stock with the passage of time, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab
On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 12,145 million. The number of lots traded was 59.93 million. PMEX Commodity Index closed at 2,673. Major business was contributed by gold amounting to PKR 11,358 million followed by
Cotton futures recovered from a more than 6-1/2-year low on Thursday, helped by a weaker dollar and a strong weekly US export report. A government report, which showed a 7 percent rise in export sales of upland cotton in the week ended March 3, was "somew
The country is likely to achieve wheat production target of 25.8 million tons for Rabi crop season 2015-16 as the current countrywide rain spell will have a positive impact on overall agriculture production of major Rabi crops. According to agriculturalis
LCCI Vice President Nasir Saeed has urged the traders to prepare proposals and submit to the chamber as the Federal Board of Revenue has already launched a budget-making exercise. He stated this while addressing the opening ceremony of a machinery display
Around 30 percent production capacity of spinning mills is stated to be impaired and the potential idle capacity of textile value chain is mainly in Punjab, which may be hurting the country's exports. Sources said that as per textile industry's presentati
The government is considering establishing a federal agriculture price commission with the objective of providing adequate support price to farmers against rising cost of inputs. An official of the Ministry of National Food, Security and Research stated t
Keeping in view of cotton crop failure in the country, especially in Punjab, during the current cotton season 2015-16 resulting in badly effecting all stakeholders, the Karachi Cotton Association (KCA), being a premier body of the cotton trade in Pakistan
The Ministry of Commerce is aggressively working on a trade policy and the value-added textile sector will be given top priority in the policy to enhance the country's exports. This was stated by Federal Commerce Minister Khurram Dastgir Khan while speaki