Pakistan Muslim League-Q (PML) senior central leader and former Deputy Prime Minister Chaudhry Pervez Elahi have said the PML-N government has ruined agriculture sector and financially crippled the farming community. "As the farmers had already suffered h
Small business activity was seen on the wholesale grain market on Monday in the process of trading, dealers said. On the cereals side, Khandsari was higher by Rs 500 to Rs 8500, other commodities maintained week-end levels, they said. On the seeds side, c
Trading activity came down on the cotton market on Monday as leading participants were confused about the issue of Gas Infrastructure Development Cess (GIDC), dealers said. As a result of slow business, the official spot rate down by Rs 50 to Rs 5450, dea
The State Bank of Pakistan has reduced its policy rate by one percent or 100 bps; it has, however, protected the small saver by keeping the floor at five percent and slashing the rate only by half (0.5 percent). Priority, this move will primarily impact l
Thousands of people hit the streets in cities across the world Saturday to protest against the American biotechnology giant Monsanto and its genetically modified crops and pesticides. The third annual March Against Monsanto - begun by the Occupy movement
Prices held the overnight firmness on the cotton market on Saturday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 2400 bales changed hands between Rs 4500-5300,
Both the futures were down on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The May vaida closed at Rs 1749.80 on Thursday and it commenced with a decline of 30 paisa at Rs 1749.50 in the morning session, they
Modest trading was seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Masoor Canada was lower by Rs 700 to Rs 9400 and Rs 9800, Masoor Dall Canada followed suit, low type lost Rs 1400 to Rs 11000 a
The Met Office has warned the farmers of pest and viral attacks on sugarcane crop following the recent rains, and urged them for timely precautionary measures. "Pest/viral attacks are expected after recent rains on sugarcane crop," Met Office said here on
ICE cotton futures fell for the fifth straight session, ending their worst week in more than six months as a stronger dollar continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. "We're back at t
Steady trend prevailed on the cotton market on Friday as millers were ready to pay above the psychological levels, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 2800 bales changed hands between R
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.279 billion as compared to PKR 1.88 billion reported on Wednesday, an increase of 21 percent. The number of lots traded also increased by 70 percent to 12,536 from 7,375. PMEX Commo
Several changes were witnessed on the wholesale grain market on Thursday in the process of moderate trading, dealers said. On the cereals side, wheat new Bardan gained Rs 50 to Rs 3150, Moong Punjab lost Rs 750 to Rs 10,000, Urad Burma followed same trend
With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
Prices moved higher on the cotton market on Thursday on persistent demand mills and spinners, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 7000 bales changed hands between Rs 5400-5800, they sai