July 01, 2011: Wheat exports which are totally in the hands of private sector have come to a standstill due to a steep fall in international prices and questionable increase in the domestic market. According to leading wheat exporters, artificial increase in prices in the domestic market is due to the massive smuggling of wheat to Afghanistan with the connivance of government officials and security agencies.
Wheat exports by private sector, having touched approximately 1.8…
July 01, 2011: Trading Corporation Pakistan (TCP) has successfully established two Letters of Credit (LCs) worth $60 million for the import of 100,000 tons of urea. Sources told Business Recorder on Thursday that after opening of two LCs, bidders have submitted details of shipments, in which they have confirmed that imported urea will reach Pakistan in the first week of July.
Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, TCP through a…
July 01, 2011: Pakistan Flour Mills Association (PFMA) has demanded ban on the export of wheat, fixation of unified price of the commodity in all federating units and stoppage of the harassment of flour millers of Balochistan by National Accountability Bureau (NAB).
The demands were made during the meeting of the association held with Central Chairman, Asim Raza Ahmad in the chair. Chairman, PFMA, Khyber Pakhtunkhwa, Haji Sartaj Ali, Chairman Balochistan, Badruddin, chairman Sindh, Mian…