Karachi : No transaction was recorded at the Karachi Cotton Exchange on Wednesday, while spot rates remained firm.
The spot rates stood firm at Rs7,500/maund (37.324kg) and Rs8,038/40kg. Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
An analyst said trade activity remained nil in the market, as almost all quality lint had already been sold in the market. “Big mills have been importing three million bales this year,” he said. “Trade activity might remain low in the coming days, as well,” he added.
Pakistan has recorded exports transactions of 202,739 bales from August 1, 2017 till May 7, 2018. During this period, a total of 125,347 bales have also been shipped.
Systems Limited, IT and IT-enabled services provider, hosted US Ambassador to Pakistan Donald Blome on May 3, 2024....
The logo of the Telenor Microfinance Bank . — temenos websiteKARACHI: Telenor Microfinance Bank reported a strong...
Chief Executive TDAP Mr. Zubair Motiwala met with HE Dr. Bakheet Ateeq Al-Remaiti, Consul General of UAE, in Karachi...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,400 per...
A person walks by a sign advertising employment at a fast-food restaurant in New York City. — AFP FileWASHINGTON:...
This picture taken on January 30, 2023 shows residents buying vegetable at a market in Karachi. — AFP/FileLAHORE:...