Karachi
Normal trading was witnessed at the Karachi Cotton Exchange on Friday, while spot rates remained unchanged.
The spot rates remained unchanged at Rs6,800/maund (37.324kg) and Rs7,288/40kg. Ex-Karachi rates also stood firm at Rs6,935/maund and Rs7,433/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
An analyst said the season is almost over, while preparations continued for the new crop. Cotton sowing continued partially in lower Sindh, where harvest of wheat had started, he added. “Some early sowing of cotton was damaged, as well because of unfriendly weather,” he said. “Sowing will start in Punjab after April 15, as the government has banned early sowing because of its being vulnerability against the pest attack.”
KCE recorded three transactions of 5,000 bales from Shahdadpur, Daharki and Rahimyar Khan at the rate of Rs5,935 to Rs7,050/maund.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
