Daily Archives

December 25, 2013

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Cotton market: trade activity slumps ahead of holiday

December 25, 2013 Trading activity came down on the cotton market on Tuesday as some leading buyers were on the sidelines ahead of birth anniversary of Quaid-e-Azam Mohammad Ali Jinnah, dealers said. The official spot rate was unchanged at Rs 6,650, they added. Prices of seed cotton in Sindh per 40 kg were inert at Rs 2500-3100, in Punjab rates were at Rs 2900-3400, dealers said. In the ready session, around 12,000 bales of cotton changed hands between Rs 5900-7000, dealers said. Prices…

Pakistan Poultry Market Updates 25,December 2013

25/12/2013 Wednesday. Pakistan Poultry Market Updates 25,December 2013 Egg Punjab: 3240 Rwp: 140(150)145 Lhr: 140(155)154=>150 Fsd: 140(152.5)151.5 Srg: 143 Guj: 140 Oka: 144 Swl: 147 Ccw: 147 Mul: 155 Ryk: 164 Kri: 180 Note Rates in Pak Rupee by Muhammad Ashfaq Ali Poultry Market 2013 Please note these are guidelines only… Copyright: Zaraimedia.com

SHC calls for comments on petition seeking fishing permission

December 25, 2013 Sindh High Court (SHC) has directed Karachi Fisheries Harbor, Customs Collector, Pakistan Maritime Security Agency and other official respondents to submit their comments on a petition of fishermen seeking fishing permits. As many as 14 fishermen petitioners, including Muhammad Bashir and Abdul Jabbar, approached the Sindh High Court citing Karachi Fisheries Harbor, Customs Collector, Pakistan Maritime Security Agency, Pakistan Coast Guards and Livestock & Fisheries…

ADB finances to assist replacing Khanki Headwork at Khanki Barrage: Agriculture

By Ijaz Kakakhel LAHORE: The replacement of 120 years old Khanki Headworks located at river Chenab in Tehsil Wazirabad of Gujranwala district will increase agriculture production by 10 percent in eight districts. The Asian Development Bank (ADB) has financed $270 million for New Khanki Barrage Construction Project. Primary beneficiaries of the project will be 568,000 farming families in the Lower Chenab Canal (LCC) command area who will be ensured of reliable irrigation supplies. Average…

Turkey, Pakistan to conclude PTA in 2014: Agriculture

ISLAMABAD: Pakistan and Turkey on Tuesday agreed to conclude the much-awaited preferential trade agreement (PTA) by the first half of 2014. Understanding to this effect was reached at the conclusion of the 6th round of official-level talks on Pak-Turk PTA here. Both countries started deliberations on closer trade ties in 2004, but failed to conclude PTA because Ankara was obligated by EU’s Customs Union not to offer duty reduction on industrial goods. Despite limited scope for Pakistani…

WTO Bali deal – What now?

December 25, 2013 Dr Kamal Monnoo Finally, in November 2013 at Bali, Indonesia, the World Trade Organization (WTO) struck its first global accord since coming into existence in 1995. Many times over the past 12 years the efforts to reach an agreement, in the “Doha Round” of world-wide negotiations, had seemed doomed. However, thankfully this time a deal, albeit a modest one, was reached after some hectic and nerve wracking deliberations. Why modest, because the agreement merely…