Daily Archives

December 8, 2012

Cotton market: prices resist fall on strong mill buying

December 08, 2012 Prices showed firmness on the cotton market on Friday as some leading mills did finer type buying because rates were matching with their psychoological levels, dealers said Official spot rate was unchanged at Rs 5,900, they said. Over, 22,000 bales of cotton finalised between Rs 5300 and Rs 6000, they said. Prices of seedcotton (phutti) in Sindh were unchanged at Rs 2400-2650, in Punjab, rates were also unchanged at Rs 2600-2750, they said. Cotton analyst,…

Goods transporters” strike: DAP shortage may badly hit wheat output

December 08, 2012 Wheat sowing may suffer as goods transporters'' strike has badly disturbed the supply of fertiliser in the country. According to market sources the application of Di ammonium phosphate (DAP) is highly recommended at the time of sowing and the sowing of wheat crop may be delayed in major parts of the country, if DAP supplies are not restored immediately. Since December 4, 2012, goods transporters are on strike for an indefinite period against hijacking of trucks, detention…

Sindh Assembly passes four resolutions against Kalabagh Dam

December 08, 2012 The Sindh Assembly on Friday passed four resolutions unanimously against the construction of Kalabagh Dam, as lawmakers from both sides of the political aisle asked the federal government to shun the controversial project permanently that poses threats to the national unity. The house, however, witnessed chaotic scenes for the second day of the debate on KBD, as lawmakers continued to blame each others'' parties for supporting the dam''s construction in the past. Treasury…

Construction of Diamer-Bhasha Dam: US says ready to give $200 million annually

December 08, 2012 MUSHTAQ GHUMMAN The United States on Friday expressed its willingness to extend $200 million per year for Diamer-Bhasha Dam and financial assistance for international consultancy for import of Liquefied Natural Gas (LNG) but criticised Islamabad for not implementing power sector reform ageenda in letter and in spirit. This was the crux of a one-day Pakistan-US Energy Working Group meeting held in Islamabad. The US Special Envoy and Co-ordinator for International Energy…

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