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Cotton

Cotton

Cotton rebounds on chart-based buying, weaker dollar

ICE cotton futures jumped on Wednesday, erasing losses from the prior three sessions as chart patterns suggested the end of a downturn in prices. "You were due for some type of compensatory reaction this morning," said Ron Lawson, a partner at commodity i
Published 04 Jun, 2015 12:00am
Cotton

Energy equipment: five percent sales tax on 10 sectors proposed

The government is planning to impose reduced rate of 5 percent sales tax on ten sectors dealing in equipment/apparatus used for renewable energy and power generation through gas, coal, hydel and oil in coming budget (2015-16). Sources revealed to Busin
Published 04 Jun, 2015 12:00am
Cotton

Energy equipment: five percent sales tax on 10 sectors proposed

The government is planning to impose reduced rate of 5 percent sales tax on ten sectors dealing in equipment/apparatus used for renewable energy and power generation through gas, coal, hydel and oil in coming budget (2015-16). Sources revealed to Busin
Published 04 Jun, 2015 12:00am
Cotton

Energy equipment: five percent sales tax on 10 sectors proposed

The government is planning to impose reduced rate of 5 percent sales tax on ten sectors dealing in equipment/apparatus used for renewable energy and power generation through gas, coal, hydel and oil in coming budget (2015-16). Sources revealed to Busin
Published 04 Jun, 2015 12:00am
Cotton

Energy equipment: five percent sales tax on 10 sectors proposed

The government is planning to impose reduced rate of 5 percent sales tax on ten sectors dealing in equipment/apparatus used for renewable energy and power generation through gas, coal, hydel and oil in coming budget (2015-16). Sources revealed to Busin
Published 04 Jun, 2015 12:00am
Cotton

Misplaced hype about Survey

Finance Ministry has created misplaced hype about the Economic Survey 2014-15 yet another year by locking down the Ministry of Finance and the Printing Corporation of Pakistan (PCP) for media to avoid any leakage before the Finance launch of the document
Published 04 Jun, 2015 12:00am
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (June 03, 2015).

Published 04 Jun, 2015 12:00am
Cotton

Misplaced hype about Survey

Finance Ministry has created misplaced hype about the Economic Survey 2014-15 yet another year by locking down the Ministry of Finance and the Printing Corporation of Pakistan (PCP) for media to avoid any leakage before the Finance launch of the document
Published 04 Jun, 2015 12:00am
Cotton

Misplaced hype about Survey

Finance Ministry has created misplaced hype about the Economic Survey 2014-15 yet another year by locking down the Ministry of Finance and the Printing Corporation of Pakistan (PCP) for media to avoid any leakage before the Finance launch of the document
Published 04 Jun, 2015 12:00am
Cotton

Cotton market: spot rate falls on modest trade

Official spot rate dropped on the cotton market on Wednesday in the process of modest trading, dealer said. Official spot rate was down by Rs 50 to Rs 5400, they said. In the ready session, nearly 4000 bales of cotton finalised between Rs 4100-5675, they
Published 04 Jun, 2015 12:00am
Cotton

Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited started its operations in 1983. Listed on the KSE, its market capitalization is nearly Rs 24 billion, making it one of the largest auto stocks in the country. The firm's holding company is the Al-Futtaim Group in Dubai, which own
Published 03 Jun, 2015 12:00am
Cotton

Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited started its operations in 1983. Listed on the KSE, its market capitalization is nearly Rs 24 billion, making it one of the largest auto stocks in the country. The firm's holding company is the Al-Futtaim Group in Dubai, which own
Published 03 Jun, 2015 12:00am
Cotton

Cotton dips amid uncertainty over impact of rains on Texas crop

ICE cotton futures dipped on Tuesday after sharp losses the prior session amid uncertainty over whether recent rains in Texas, the top-growing US state, would ultimately be harmful or beneficial to the crop. "Nobody knows how many acres are going to be lo
Published 03 Jun, 2015 12:00am
Cotton

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.79 billion as compared to PKR 2.23 billion reported on Friday, an increase of 25 percent. The number of lots traded also increased by 3 percent to 14,860 from 14,397. PMEX Commodity I
Published 03 Jun, 2015 12:00am
Cotton

Oil cake market rates

The July vaida was up on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The July vaida closed at Rs 1849.20 on Monday and it opened with 10 paisa rise at Rs 1849.30, they said. The December vaida ended at Rs 1400
Published 03 Jun, 2015 12:00am
Cotton

Cotton market: ginners lower prices ahead of new crop reports

The ginners showed interest in selling of unsold stock ahead of report of arrivals of new crop some early, dealers said on the cotton market on Tuesday. The official spot rate was inert at Rs 5450, dealers said. In the ready session, around 6000 bales cha
Published 03 Jun, 2015 12:00am
Cotton

Rates move both ways on grain market

Prices moved both ways on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Moong Punjab gained Rs 125 to Rs 10250 and the Moong Afghan was up by Rs 250 to Rs 12250, Guwar Sindh maintained overnight
Published 03 Jun, 2015 12:00am
Cotton

Oil cake market rates

The July vaida was down on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The July vaida closed at Rs 1849.50 on Saturday and it opened with 30 paisa fall at Rs 1849.20, they said. The December vaida ended at Rs 1
Published 02 Jun, 2015 12:00am
Cotton

Modest trade activity on cotton market

Modest trade activity was seen on the cotton market on Monday as some leading buyers kept on the sidelines due to little interest in fresh buying, dealers said. The official spot rate was inert at Rs 5450, dealers said. In the ready session, over 5000 bal
Published 02 Jun, 2015 12:00am
Cotton

Lean business on grain market

A sort of dullness prevailed on the wholesale grain market as most of the participants were on the sidelines in the process of trading, dealers said. On the cereals side, Urad Burma was higher by Rs 437 to Rs 12937 due to strong demand, they said. On the
Published 02 Jun, 2015 12:00am
Cotton

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.231 billion as compared to PKR 2.203 billion. The number of lots traded were 14,397 and PMEX Commodity Index closed at 2,742. Major business was contributed by crude oil amounting to
Published 02 Jun, 2015 12:00am
Cotton

Farmers advised to prepare land for timely cotton sowing

The Met Office on Monday advised the farmers of Sindh and Southern Punjab to prepare their land for timely cotton sowing after wheat crop harvesting. "Farmers of Southern Punjab and Sindh are advised to prepare land for cotton in time so that best grains
Published 02 Jun, 2015 12:00am
Cotton

17 percent GST to be levied on poultry, cattle feed

The government has decided to impose a standard rate of 17 percent sales tax on poultry feed and cattle feed; incinerators for disposal of waste and its management, motorised sweepers/snow ploughs and re-importation of foreign origin goods, which were tem
Published 02 Jun, 2015 12:00am