Browsing Tag

commodity price

Basmati exports plunge by 38pc in 1HFY21

Aamir Shafaat • Overall rice exports fall by 10pc in July-December • Rival’s low prices, costly freight key reasons KARACHI: Pakistan’s rice exports remained subdued in the first half of the current fiscal year (1HFY21) due to low prices offered by India for non-basmati and issues of higher freight and shipments from October 2020 amid the Covid-19 pandemic. The country’s overall rice export plunged by 10 per cent in quantity to 1.824 million tonnes and 6.74pc in value to $963m in…

Extortion in wholesale markets: no relief in sight for tea consumers

November 17, 2012 MOHAMMAD BILAL TAHIR There is no relief for consumers despite a substantial decline in tax rate on tea import because of a high incidence of extortion, market sources said here on Friday. According to major tea traders, the prevailing law and order situation is not only making the lives of the business community miserable, it is also creating problems for the common man. According to market sources, extortionists were collecting Rs 1,500 'protection…

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