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Created on Friday, 20 January 2012 15:52
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Written by Syed Shahid Husain
According to a report the government has finally decided to import one million tonnes of wheat. Flip-flop on the part of the government does not reflect well on the quality of decision-making. Each passing day reinforces an impression of a confused government completely confounded. It has been left to the Ministry of Food and Agriculture to choose between Trading Corporation of Pakistan (TCP) or P
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Created on Friday, 20 January 2012 15:34
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Written by Business Recorder
KARACHI (May 31 2004): Cotton planting has almost been completed in Lower Sindh, while it is in progress in Upper Sindh and Punjab. Previously, there was no shortage of canal water, sowing in one area was simultaneously, but now due to shortage of canal waters, cotton growers get water on turn resulting delay in sowing. If previously, sowing was completed in one fortnight, now it is completed in t
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Created on Friday, 20 January 2012 15:29
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Written by Business Recorder
LAHORE (June 11 2004): Lint prices dipped at least another Rs 50 per maund (37.32kg) this week following the general decrease in New York cotton futures prices since last week and also because mills in Pakistan have booked more imported cotton recently and are thus adequately covered. Spinners here are said to have bought another 10,000 tonnes of imported cotton from sundry origins, which has incr
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Created on Friday, 20 January 2012 15:24
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Written by Business Recorder
LAHORE (June 18 2004): Further free fall in New York cotton futures prices has depressed domestic lint values so that little activity is being reported in the market. In fact, agents for international merchants in Karachi have reported that domestic spinners are booking more imported cottons ranging from early delivery till the next 12 months on both fixed and unfixed basis from several origins. C
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Created on Friday, 20 January 2012 15:15
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Written by Business Recorder
LAHORE (June 25 2004): Massive investment is continuing in the textile industry, which is moving ahead at galloping speed. According to various reports, another 1.5 million to 2 million state-of-the-art spindles are being installed during the current 12 months which is unprecedented in the history of Pakistan. Downstream, the different sub-sectors and the textile auxiliary industries are also bein
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Created on Thursday, 19 January 2012 08:00
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Written by The Dawn
LAHORE (July 02 2004): Cotton prices in Pakistan plunged sharply during last fortnight and lost anywhere from Rs 100 to Rs 200 per maund (37.32 kgs) with tendency to concede further ground. The perception that new crop (2004-2005) which is around the corner will provide abundant lint from several origins including the USA, China and India, and domestic crop having started to trickle in has put cott
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Created on Thursday, 19 January 2012 07:49
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Written by Business Recorder
LAHORE (July 09 2004): Cotton prices fell precipitously and recorded a large fall of Rs200 to Rs300 per maund (37.32kgs) over the past one month or so. While the Karachi Cotton Association (KCA) pulled down its ex-gin price for grade 3 cotton in 10 days time by Rs225 per maund, market sources said that cotton prices have gone down by about Rs100 per maund since the beginning of this week alone. Glo
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Created on Thursday, 19 January 2012 07:45
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Written by Business Recorder
KARACHI (July 12 2004): About 80 percent of cotton sowing is reported to have been completed and only some late sowing areas, or where supply of irrigation water is still awaited, remain. It is hoped that sowing would be completed by the end of this month. Interestingly, in some of the areas of Upper Sindh or eastern or southern parts of Punjab cotton is yet to be sown, while in other areas of Lowe
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Created on Thursday, 19 January 2012 07:41
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Written by The Dawn
At last the government, which has been claiming of having sufficient wheat stocks for the current year (2004-05), despite reservation of independent analysts, has decided to import one million tonnes of the commodity to meet the estimated requirement of the country during the year. The high hopes of the government for having good wheat crop this season have dashed to the ground due to early and a
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