Federal Minister for Commerce Engineer Khurram Dastgir Khan said that new trade policy 2015-18, to be announced within a fortnight, would be aiming at facilitating manufacturers and exporters in making Pakistani products competitive in the world markets.
Food and Agriculture Organisation (FAO) of the United Nations and the Ministry of National Food Security and Research convened a one-day workshop on "contribution of balanced use of fertilisers towards food security," here on Wednesday. Main purpose of th
All Pakistan Textile Mills Association (APTMA) has demanded of the government to slap a complete ban on the import of yarns, fabric and garments from India by putting these items on the negative list. Tariq Saud, Chairman APTMA Wednesday urged the federal
Anticipations of short crop and persistent demand may cause more increase in prices on the cotton market on Wednesday, dealers said. The official spot rate was higher by Rs 100 to Rs 5,050, dealers said. In Sindh, seed cotton prices posted fresh gain of R
The December vaida was unchanged while the January contract was up on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1308.80 and the next day it opened with no change in the ear
Small business was seen on the local grain market on Wednesday due to less buying interest among buyers, dealers said. On the cereals side, Moong Punjab lost Rs 500 to Rs 10750 and the Moong Afghan followed same pattern, losing 750 to Rs 11750, other comm
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,189 million. The number of lots traded was 20.11 million. PMEX Commodity Index increased by 0.84 percent and closed at 2,573. Major business was contributed by gold amounting to PK
Prices maintained steadier trend on the cotton market on Tuesday in the process of persistent demand by mills and spinners, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In Sindh, seed cotton prices posted fresh gain of Rs
Deliveries extended overnight gains on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The December vaida closed at Rs 1308.00 and opened with 30 paisa gain at Rs 1308.30 in the early session, dealers said. The J
Modest trading activity was witnessed on the grain market on Tuesday as leading buyers kept on the sidelines due to less buying interest, dealers said. On the cereals side, wheat new Bardan posted fresh gain Rs 25 to Rs 3425, other commodities maintained
ICE cotton rose on Tuesday, extending substantial gains from the prior session to hit its highest level in more than two weeks on concerns that flooding and rains in the US Southeast would damage crop quality, and also on support from a broader rally in t
On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,998 million. The number of lots traded was 28.96 million. PMEX Commodity Index increased by 0.49 percent and closed at 2,551. Major business was contributed by gold amounting to PKR
The Central Shoora of the Jamaat e Islami, Pakistan, has called upon the government to build a self reliant economy by freeing the country from foreign loans, retrieving the public money lying abroad and improving the taxations system. A resolution adopte
The Federal Board of Revenue (FBR) has raised duty drawback rates on export of hosiery garments and woven Garments. The rates are worked out by the Input-Output Co-efficient Organization (IOCO) of the Customs. Pakistan Hosiery Manufacturers & Exporters As
Some 30 percent of the textile industry capacity in all six major sub-sectors is almost closed due to multiple reasons, including energy supply mismanagement, comparatively high cost of energy, losing market access, no investment, country perception, poli
As many as 22 leading trade bodies of Faisalabad have announced to form two separate committees to start immediate negotiations with the government and its institutions for the facilitation of local and export traders. A joint declaration has made it clea
A well-planned Satellite Remote Sensing (SRS) data and Geographic Information System (GIS) for the agriculture will help farming community to know about the status and future prospects of crops that is need of the hour to ensure food security, said Univer
A poor response from textile millers and traders forced the Trading Corporation of Pakistan (TCP) to issue multiple tenders for sale of cotton. Sources told Business Recorder Monday that after scrapping four tenders, the TCP has decided to invite f
On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 9,539 million. The number of lots traded was 55.65 million. PMEX Commodity Index closed at 2,539. Major business was contributed by gold amounting to PKR 8,610 million. This was follo
Prices moved both ways on the local grain market on Monday in the process of moderate trading activity, dealers said. On the grams side, Grams Australia No 1 was down by Rs 100 to Rs 9500, Australia Dall No 2 lost Rs 200 to Rs 11000, grams 50x50, however,
Rates showed further rise on the cotton market on Monday following the persistent demand by local mills and foreign demand, dealers said. The official spot rate on the back of rising demand, picked up more Rs 100 to Rs 4,950, dealers said. In Sindh, seed
Deliveries were higher on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The December vaida closed at Rs 1307.50 and opened with 50 paisa gain at Rs 1308.00 in the early session, dealers said. The January vaida c
ICE cotton jumped to a two-week high on Monday as historic rains in South Carolina, which flooded streets and left nine people dead, also inundated cotton fields in the region, potentially damaging yields and crop quality. "It's a veritable disaster," sai