ICE cotton futures were little changed on Thursday with the market moving deeper into a normal carry structure as the harvest progressed and traders awaited fundamental news from the US government's supply and demand report expected next week. The Decembe
Expressing serious concern over huge blockage of sales tax refunds of textile sector, Commerce Minister Khurram Dastagir Khan on Thursday announced that the ministry strongly advocates restoration of sales tax zero rating regime for leading export oriente
Sindh Excise and Taxation Department has recovered Rs 11.2 billion against the target of Rs 41.7 billion during the first quarter of the current fiscal year. This was stated by Excise and Taxation Minister Gianchand Israni during a meeting with Sindh Chie
Over one million spindles capacity has closed down in the country during the last three and a half months primarily because of the unbearable high cost of doing business. According to Chairman All Pakistan Textile Mills Association (APTMA), Tariq Saud has
The ginners who were selling cotton sparingly over the past few weeks are now said to be keen sellers but the spinners are keeping their purchases mostly in abeyance. Fearing rise in cotton prices and watching the domestic cotton crop output estimates dec
The ginners who were selling cotton sparingly over the past few weeks are now said to be keen sellers but the spinners are keeping their purchases mostly in abeyance. Fearing rise in cotton prices and watching the domestic cotton crop output estimates dec
Seed cotton prices fell on the cotton market on Thursday in the process of panic selling by ginners, dealers said. The official spot rate was unchanged at Rs 5350, dealers said. In Sindh, seed cotton prices were at Rs 2500 and Rs 2900 and in the Punjab ra
On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4.12 billion. The number of lots traded was 21.39 million. PMEX Commodity Index closed at 2,605. Major business was contributed by gold amounting to PKR 4.04 billion followed by si
Projections of cotton crop are seen with a great deal of interest due to their major impact on the economy of the country. Although, it is too early to know the exact size of the crop for the current season (2015-16), its prospects do not appear to be enc
ICE cotton futures fell for the third straight session on Wednesday, hitting their lowest levels in more than three weeks, as harvest activities progressed in US growing regions and index funds shifted long positions forward from the front month.
Chairman, Pakistan Apparel Forum (PAF), Muhammad Jawed Bilwani, has said that the government had announced measures without taking Economic Co-ordination Committee (ECC) nod.
Pakistan Ready-made Garments Manufacturers and Exporters Association's (PRGMEA) central chairman Shaikh Mohammad Shafiq and South Zone chief Irfan Ali on Wednesday demanded of the government to immediately announce a relief package for textile industry.
Modest trading activity was seen on the local grain market on Wednesday as leading participants were reluctant in making new purchasing owing to high rates, dealer said. On the cereals side, Masoor Canada after maintaining a stable trend for a long-time s
A downward trend was again witnessed on the cotton market on Wednesday as a result of panic selling by the ginners, dealers said. The official spot rate failed to halt slide for the second day in a row, losing Rs 50 to Rs 5350, dealers said. In Sindh, see
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,389 million as compared to PKR 3,382 million reported on Monday. The number of lots traded also increased to 26.94 million from 19.87 million. PMEX Commodity Index closed at 2,609.
A few changes seen on the grain market on Tuesday in the process of trading, dealer said. On the cereals side, on the back of rising demand Makai posted fresh gains of Rs 125 to Rs 2375 and Rs 2500, other commodities sustained the overnight level, they sa
Prices failed to stop fall on the cotton market on Tuesday after landing of imported cotton and issuance of the Pakistan Cotton Ginners Association (PCGA) fortnightly data, dealers said. The official spot rate extended fall, shedding Rs 50 to Rs 5400, dea
On Monday, at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.38 billion. The number of lots traded was 19.87 million. PMEX Commodity Index closed at 2,611. Major business was contributed by gold amounting to PKR 3.23billion. This was followed
ICE cotton futures fell for the second straight session on Tuesday, as forecasts for dry weather in leading US growing regions allowed for harvesting to continue after recent rains, and bearish demand sentiment weighed on prices. "Texas is back in the fie
Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to October 31st, 2015. Seed cotton (Phutti) equivalent to over 64,65,600 bales of cotton have reached ginneries across Pakistan as of October 31st showing a decrease of
On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,923 million. The number of lots traded was 54.18 million. PMEX Commodity Index closed at 2,579. Major business was contributed by gold amounting to PKR 7,831 million, a 67 percent i
China's soyabean imports are likely to reach 22 million tonnes in the fourth quarter, up 18 percent on a year ago, an official think-tank estimate published on Friday said, indicating healthy demand from the world's top buyer of the oilseed. The projected
Grams prices were lower on the local grain market on Monday in the process of easy supply against slow demand, dealer said. On the grams side, grams Australia No 1 was lower by Rs 212 to Rs 8800, grams Dall Australia No 2 lost the same amount to Rs 10500,
Prices dropped modesty on the cotton market on Monday as imported cotton started reaching from India and partly because of release of the Pakistan Cotton Ginners Association (PCGA) fortnightly report shortly, dealers said. The official spot rate was down
The government is reportedly introducing textile package in parts to avoid sudden revenue loss under different relief measures to be announced for textile chain, official sources revealed to Business Recorder. According to sources, textile package