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Cotton

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (June 04, 2015).

Published 05 Jun, 2015 12:00am
Cotton

Mills, ginners keep on the sidelines ahead of budget

Main participants kept on the sidelines on the cotton market ahead of federal budget for 2015-16, dealers said on Wednesday. The official spot rate was inert at Rs 5400, dealers said. In the ready session, only 1400 bales of cotton sold at Rs 4600, they s
Published 05 Jun, 2015 12:00am
Cotton

Depleting stocks improve cotton prices

As less than 100,000 bales of current crop (August 2014 / July 2015) remains unsold in the market, prices remain mostly steady till the arrival of new crop (August 2015 / July 2016). Seedcotton (kapas / phutti) from the new crop may arrive in very small q
Published 05 Jun, 2015 12:00am
Cotton

Depleting stocks improve cotton prices

As less than 100,000 bales of current crop (August 2014 / July 2015) remains unsold in the market, prices remain mostly steady till the arrival of new crop (August 2015 / July 2016). Seedcotton (kapas / phutti) from the new crop may arrive in very small q
Published 05 Jun, 2015 12:00am
Cotton

KCA urges government not to impose ST on raw cotton

Amin Hashwani, Chairman, the Karachi Cotton Association has expressed great concern over the intention of the government to impose sales tax on raw cotton in the federal budget 2015-16 in order to generate its revenue. The KCA has always strongly opposed
Published 05 Jun, 2015 12:00am
Cotton

KCA urges government not to impose ST on raw cotton

Amin Hashwani, Chairman, the Karachi Cotton Association has expressed great concern over the intention of the government to impose sales tax on raw cotton in the federal budget 2015-16 in order to generate its revenue. The KCA has always strongly opposed
Published 05 Jun, 2015 12:00am
Cotton

Lower LSM growth: Economic Survey reveals key reasons

The Economic Survey 2014-15 released by Finance Minster on Thursday termed weak export yarn, gas shortage and substitution of domestic edible oil with imports as key reasons for lower growth of Large Scale Manufacturing (LSM). According to the document, L
Published 05 Jun, 2015 12:00am
Cotton

Economic Survey Agri growth target missed

Pakistan missed the target of agriculture growth during 2014-15 as the sector registered a growth of 2.9 percent against the target of 3.3 percent. According to Economic Survey 2014-15, the country missed agriculture growth target because of negative grow
Published 05 Jun, 2015 12:00am
Cotton

Economy performs well despite challenges: PBIF chief

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has said that the country's economy despite many challenges performed better in the current fiscal year as compared to last financial year. "The economy braved challenges l
Published 05 Jun, 2015 12:00am
Cotton

Economic Survey 2014-15: Overview of the Economy

The revival of growth that started in 2013-14 has accelerated in 2014-15 as per latest indicators released by the National Accounts Committee. The factors contributing this momentum in growth include the reform initiatives, commitment to a calibrated fisc
Published 05 Jun, 2015 12:00am
Cotton

Economic Survey 2014-15: Overview of the Economy

The revival of growth that started in 2013-14 has accelerated in 2014-15 as per latest indicators released by the National Accounts Committee. The factors contributing this momentum in growth include the reform initiatives, commitment to a calibrated fisc
Published 05 Jun, 2015 12:00am
Cotton

Economic Survey 2014-15: Overview of the Economy

The revival of growth that started in 2013-14 has accelerated in 2014-15 as per latest indicators released by the National Accounts Committee. The factors contributing this momentum in growth include the reform initiatives, commitment to a calibrated fisc
Published 05 Jun, 2015 12:00am
Cotton

Cotton reverses gains from export sales report ahead of roll

ICE cotton futures rose to their highest in nearly a week on Thursday after a strong US government export sales report, before falling back to end the session negative ahead of the heart of the index fund roll period. "There's not much time to start build
Published 05 Jun, 2015 12:00am
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