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Denmark experts to upgrade PSC seed processing plants
Cotton

Denmark experts to upgrade PSC seed processing plants

Seed processing plants of Punjab Seed Corporation will be upgraded for better processing of wheat, rice, cotton, potato, maize and other seeds. The processing plants were purchased in 1983 from Denmark, official sources told APP here on Sunday.
Published 18 May, 2015 12:00am
Rivers Kabul, Jhelum in low flood
Cotton

Rivers Kabul, Jhelum in low flood

As the Meteorological department has predicted more rains during next two days, the rivers Kabul and Jhelum are already in low flood at Nowshera and Mangla with respective flow of 71,300 cusecs and 75,000 cusecs of water on Sunday.
Published 18 May, 2015 12:00am
Tax laws may be amended: FBR seeks to boost ST, WHT collection
Cotton

Tax laws may be amended: FBR seeks to boost ST, WHT collection

The Federal Board of Revenue (FBR) is likely to amend tax laws in budget (2015-16) for proper collection of sales tax and withholding tax at the import stage with accurate applicability of concessionary rate of sales tax on import of raw materials for tex
Published 17 May, 2015 12:00am
Tax laws may be amended: FBR seeks to boost ST, WHT collection
Cotton

Tax laws may be amended: FBR seeks to boost ST, WHT collection

The Federal Board of Revenue (FBR) is likely to amend tax laws in budget (2015-16) for proper collection of sales tax and withholding tax at the import stage with accurate applicability of concessionary rate of sales tax on import of raw materials for tex
Published 17 May, 2015 12:00am
PFD, PASSCO accused of stopping issuance of gunny bags
Cotton

PFD, PASSCO accused of stopping issuance of gunny bags

Pakistan Mutthida Kisan Mahaz (PMKM) Chief Ayub Khan Mayo has accused the Punjab Food Department (PFD) and the Pakistan Agricultural Storage and Services Corporation (PASSCO) of stopping the issuance of gunny bags and in some areas slowing its pace creati
Published 17 May, 2015 12:00am
Cotton market: Ginners prefer to wait on sidelines
Cotton

Cotton market: Ginners prefer to wait on sidelines

Volume of business dropped on the cotton market on Saturday as ginners preferred to be sidelined due to depleted stock with them and likely delay in new crop, dealers said. The official spot rate was unchanged at Rs 5450, dealers said. In the ready sessio
Published 17 May, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

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 1751.80 on Thursday and it commenced with a fall of 70 paisa at Rs 1751.10 in the morning session, they sai
Published 17 May, 2015 12:00am
Downward trend on grain market
Cotton

Downward trend on grain market

Most of commodities fell on the wholesale grain market on Saturday in the process of trading, dealers said. On the grams side, grams Australia No 1 lost Rs 500 to Rs 6700, grams Australia Dall No 2 shed Rs 200 to Rs 7400, grams 50x50 also dropped by Rs 35
Published 17 May, 2015 12:00am
Tax laws may be amended: FBR seeks to boost ST, WHT collection
Cotton

Tax laws may be amended: FBR seeks to boost ST, WHT collection

The Federal Board of Revenue (FBR) is likely to amend tax laws in budget (2015-16) for proper collection of sales tax and withholding tax at the import stage with accurate applicability of concessionary rate of sales tax on import of raw materials for tex
Published 17 May, 2015 12:00am
Credit to private sector: YoY growth of 6.0 percent recorded
Cotton

Credit to private sector: YoY growth of 6.0 percent recorded

Credit to private sector recorded a YoY growth of 6.0 percent during H1-FY15 compared with 9.6 percent during the same period last year. According to State Bank of Pakistan's second quarterly report a sharp fall in commodity prices has also impacted bank
Published 16 May, 2015 12:00am
Credit to private sector: YoY growth of 6.0 percent recorded
Cotton

Credit to private sector: YoY growth of 6.0 percent recorded

Credit to private sector recorded a YoY growth of 6.0 percent during H1-FY15 compared with 9.6 percent during the same period last year. According to State Bank of Pakistan's second quarterly report a sharp fall in commodity prices has also impacted bank
Published 16 May, 2015 12:00am
Credit to private sector: YoY growth of 6.0 percent recorded
Cotton

Credit to private sector: YoY growth of 6.0 percent recorded

Credit to private sector recorded a YoY growth of 6.0 percent during H1-FY15 compared with 9.6 percent during the same period last year. According to State Bank of Pakistan''s second quarterly report a sharp fall in commodity prices has also impacted bank
Published 16 May, 2015 12:00am
Credit to private sector: YoY growth of 6.0 percent recorded
Cotton

Credit to private sector: YoY growth of 6.0 percent recorded

Credit to private sector recorded a YoY growth of 6.0 percent during H1-FY15 compared with 9.6 percent during the same period last year. According to State Bank of Pakistan''''s second quarterly report a sharp fall in commodity prices has also impacted ba
Published 16 May, 2015 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 May, 2015 12:00am
Cotton gains in light volume on weaker dollar, lack of selling
Cotton

Cotton gains in light volume on weaker dollar, lack of selling

ICE cotton futures rose in light volume to their highest levels in more a week and a half on Friday, as a weaker dollar discouraged speculators from getting out of long positions amid an absence of commercial selling. "The longs are sitting tight at the m
Published 16 May, 2015 12:00am