Daily Archives

September 15, 2012

Substandard tea being sold

MOHAMMAD BILAL TAHIR September 15, 2012: Since the number of tea-addicts saw a steep rise in recent years, the elements involved in the business have started capitalising on its demand and are now selling substandard tea coated with artificial color and lentils' skin, thus making it extremely difficult for consumers to distinguish between the counterfeit and the actual tea, it has been learnt. Millions of tea lovers are genuinely unaware of the fact that their addiction is being…

Fishermen call for upgrading harbour’s fire-fighting system

September 15, 2012: Fishermen on Friday urged the government to install a modern fire fighting system at fish harbour to assuage their fears after a recent inferno devastated a factory in the city in which over 250 labourers were burnt to death. Patron-in-Chief of Sindh Trawler Owners and Fishermen Association (Stofa) Sarwar Siddiqui said: "There is an urgent need to install a modern fire fighting system at the harbour." He said that there was always a potential of such a mishap occurring…

Prices come down on cotton market

September 15, 2012: A slight improvement was seen in phutti arrivals, which caused a modest fall in rates on the cotton market on Friday, dealers said. Official spot rate was unchanged at Rs 5650, they said. In the ready business, over 5000 bales of cotton changed hands between Rs 5600-5725, they said. Prices of seedcotton in Sindh held the overnight level at Rs 1800-2400 and in the Punjab rates were at Rs 2000-2400, they added. Some experts said that phutti arrivals may improve further…

Imported saplings of olive, grapes, citrus distributed in Chakwal

September 15, 2012: Punjab Minister for Agriculture and Forests Malik Ahmad Ali has distributed more than 19,000 precious saplings of olive, grapes and citrus imported from Spain, Turkey and other developed countries among more than 64 registered nursery owners of district Chakwal. At the saplings plantation ceremony, the Minister said Punjab government was fully aware of the problems of farmers and nursery owners which included increasing prices of diesel, electricity and fertilisers. He…

Prices of second-hand clothing rise manifold

N H ZUBERI September 15, 2012: Prices of second-hand clothes in the city have increased manifold because of an increase in transportation charges and depreciation of rupee against US dollar. A large number of people, mostly belonging to low-income groups, rely on second-hand clothes and other such items. Vendors and dealers are making lot of money, because of an increase in the sale of their products. "We are doing good business these days, as the demand (for second-hand)…

PFD decides not to export wheat till next estimates of crop

ZAHID BAIG September 15, 2012: Punjab Food Department (PFD) has decided not to export wheat till compilation the definite estimates of next wheat crop. Sources in the provincial food department said that the department has at present around 4.3 million tons of stocks it would review the next wheat crop situation in December or January and might take final decision of exporting wheat or not. Sources said although the department has ample stocks of wheat and opportunities of exporting…

TCP opens four LCs for urea import

By Imaduddin KARACHI, Saturday, 15 September 2012: Trading Corporation of Pakistan (TCP) has opened four Letters of Credit (LCs) worth $132 million for importing 300,000 tons of urea. Sources told Business Recorder on Friday that these LCs had been opened after the deposit of 10 percent performance guarantees by four successful bidders, adding that after the opening of LCs, suppliers had also submitted details of shipments, confirming all imported consignments would reach Pakistan by…

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