January 19, 2014

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January 19, 2014 WAQAR LILLAH Owing to the price differential between wholesale and retail markets, essential food items were sold at higher prices in the twin cities of Rawalpindi and Islamabad last week as compared to the preceding week, reveals a survey conducted by Business Recorder on Saturday. The survey noted that the Islamabad Capital Territory Administration (ICTA) and District Administration Rawalpindi have failed in establishing an affective price monitoring mechanism to…

January 19, 2014 SOHAIL SARFRAZ The Competition Commission of Pakistan (CCP) needs to examine whether or not joint fixation of urea price by the government and fertiliser companies from Rs 1,900 to Rs 1,786 per bag is an anti-competitive practices under Competition Act. Experts told Business Recorder here on Saturday that the collective fixation of prices (at a higher or lower level) is an anti-competitive practice under the competition law. The government involvement in price fixation…

Sunday, 19 January 2014 LAHORE: National economy is losing billions of dollars every year due to stagnant production of cotton despite having enormous potential for increasing it. Dr Zafar Hayat, senior member, Farmers Associates of Pakistan (FAP) said this while talking to APP here on Sunday. He said that there is vast scope for increasing per acre yield of cotton in the country. "Experiences of progressive farming have proved that the cotton production in Pakistan can easily be…

January 19, 2014 Prices moved up sharply on the cotton market on rising demand by mills and spinners, dealers said. The official spot rate was unchanged at Rs 7050, they added. Prices of seed cotton in Sindh per 40 kg were unchanged at Rs 3000 and Rs 3500, in Punjab rates followed same pattern, not a slight change at Rs 3000 and Rs 4000, dealers said. In the ready session, nearly, 18000 bales of cotton changed hands between Rs 6200-7600, dealers said. Cotton analyst, Naseem Usman, said…