Daily Archives

September 1, 2012

Wisdom Korea exploring investment opportunities

ISLAMABAD, September 01, 2012: A seven-member delegation of Wisdom Korea, a joint venture company, is visiting Pakistan to explore the investment opportunities in agriculture and food sectors of the country. They called on Minister of State and Board of Investment Chairman Saleem H Mandviwalla. The delegation has interest in agriculture and food sectors and also the cultivation of mangoes and pre-cooked rice. G-Food Korea CEO Lee Jae Ho informed the BoI chairman that the Korean government…

Current Temperature & Weather Condition

Current Temperature & Weather Condition at  06 PM (PST) Dated: Saturday, September 01, 2012 Faisalabad   35 oC Partly Cloudy Gawadar   30 oC Haze Gilgit   35 oC Partly Cloudy Hyderabad   37 oC Partly Cloudy Jhelum   33 oC Cloudy Karachi A/P   32 oC Partly Cloudy Khuzdar   37 oC Partly Cloudy Lahore   34 oC Partly Cloudy Mangla   33 oC Partly Cloudy Multan   37 oC Partly Cloudy Pasni   30…

Not walking out of Diamer Bhasha dam project, says ADB

ISLAMABAD, September 01, 2012: The Asian Development Bank (ADB) has not walked away from the construction of 4500MW Diamer-Bhasha Dam project, Country Director of the bank Werner E Liepach said here on Friday.“We have not walked away and ADB has always been there to help Pakistan in rain and shine,” Werner E Liepach told media persons. He was accompanied by Director General Private Sector Operations Department (PSOD), Philip C. Erquiaga, who is visiting the country to help enhance private…

China’s sugar futures almost limit-up

September 01, 2012:  China's sugar futures traded almost limit-up on the Zhengzhou Commodity Exchange in the country's central region on Thursday, fuelled by fresh talk of a possible purchase by the government. Zhengzhou white sugar futures nearly hit the 4 percent limit up soon after the opening bell of the afternoon session, after having traded in a tight range in the morning. The contract closed at 5,390 yuan per tonne, up 2.14 percent from Wednesday. Talk that the government might buy…

Soyabeans hit record high

September 01, 2012:  US soyabeans rose to a record high on Thursday on a round of technical buying and concerns that harvest of the drought-ravaged crop will not meet lowered expectations, traders said. Corn and wheat closed lower on some mild profit taking on strong gains earlier this week. But the declines were limited as few investors were eager to stake new positions ahead of the US Labour Day weekend. Soyabeans' move to a new high of $17.80-3/4 during Thursday's session showed the…

New York cotton remains higher

September 01, 2012:  Cotton futures in New York rose for a second straight day on Thursday, bucking the weak trend in other major commodities, after strong US consumer spending data in July indicated more demand ahead for the industrial commodity. Short-covering prior to the longer weekend, extended by Monday's Labour Day holiday, also provided support, traders said. "Cotton was ... moving in defiance against lower oil and stock prices, as the US consumer spending data and the Labour Day…

Urea import operation: TCP seeks Rs 25 billion in urgent financing

RIZWAN BHATTI September 01, 2012:  The Trading Corporation of Pakistan (TCP) requires an immediate financing of some Rs 25 billion from federal government to open letter of credit (LCs) for import of urea. Sources told Business Recorder on Friday that growing commodity operation may create some financial difficulties for TCP, which credit limit has almost exhausted and its billions of rupees payments have been pending with federal government, Utility Stores Corporation (USC) and other…

Dry Kenya weather to hit tea consumption in Pakistan

 MOHAMMAD BILAL TAHIR September 01, 2012: Tea consumption in Pakistan is likely to be affected by a considerable decrease in Kenya's output because of excessively dry weather in that country, importers and packers told Business Recorder on Friday. Price of Kenya tea varieties are rising in the international market on the back of an acute shortage of rainfall in Kenya which is affecting its tea yield in the current season. Packers and blenders said that Kenyan tea prices increased by…

Health minister concerned over Phuleli Canal water’s intrusion

September 01, 2012:  Sindh Minister for Health Dr Sagheer Ahmed has expressed his apprehensions over intrusion of Phuleli canal water into Liaquat Colony Hyderabad City and hurdles in the supply of safe drinking water to the citizens, not removal of encroachments and heaps of garbage due to shortage of funds to the institution concerned. Addressing the Press conference after presiding over a meeting with the officers of District Administration, Wasa, Irrigation and other lined departments…

Agricultural Farm Machinery

Agricultural Farm Machinery news and updates. Find articles on farm machinery, new products, technology, tractors, implements, harvesters, irrigation equipment, pumps, antique tractors and machinery, tillage equipment, planters and more...

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