The federal government has directed Trading Corporation of Pakistan to off-load 350,000 tonsof sugar stock to the market to end the artificial crisis. According to a spokesperson of federal government, crushing has been started in Sindh’s sugar mills; where as the sugar mills in other parts of the country have been asked to immediately start [...]

Profits at Japanese carmaker Toyota have continued to soar, with second quarter earnings nearly doubling to 98.7bn yen. The company raised its profit forecast again, predicting earnings of 380bn yen ($4.7bn, £2.9bn) for the full year. Executive vice president Satoshi Ozawa warned the strong yen was putting “production levels” in Japan at risk. Sales were [...]

Despite a steep decline of in cotton yield, i.e less than 40,000,00 bales, the commodity export has been initiated. So far, 2,78,000 bales have been exported. On the other hand, the Indian government refused to export more than 55,0000 bales despite profuse cotton generation. The textile industry needed a 60,71,000 cotton bales for its needs. [...]

Latest Update News About Cotton prices hit a record high both in global and local markets with Rs 8,800 per 40kg in Pakistan. According to Ginners Association Executive Member Ehsanul Haq, rise in cotton prices at international markets caused a Rs300 surge locally. In international markets, the prices rose to 149 cents per pounds with [...]

Latest Update News About Rs 246 cr CWG broadcast deal is transparent: DD DG.  Rejecting allegations of corruption, public broadcaster Doordarshan today claimed that the Rs 246 crore contract with a British firm to telecast Commonwealth Games was “transparent” and as per government rules. “The whole contract is very transparent. There is nothing wrong in [...]

Latest Update News About Most Asian stocks slipped Wednesday on fears of a slowdown in the Chinese economy after Beijing announced its first interest rate rise in three years. Traders grew concerned that any easing in the world’s second biggest economy could hurt the exports of other countries looking to China’s growth as the key [...]

Latest Update News About BlackBerry maker signs e-government deal in UAE.  After the near break-up over security issues, UAE?s Telecommunications Regulatory Authority (TRA) has now announced a new strategic partnership with Research In Motion (RIM) and telecom operators Etisalat and Du. “We are pleased to be working with the TRA, Etisalat and Du on this [...]

Latest Update News About India, the world leader in the export of cut and polished diamonds, is taking a major step towards becoming a global trading centre for the gemstone with a newly launched diamond exchange. The Bharat Diamond Bourse (BDB), touted as the world’s largest diamond trading centre, opens Sunday in India’s financial capital [...]

Latest Update News About Cotton prices hit a record high both in global and local markets with Rs.7,600 per 40kg in Pakistan and 125 cents per pounds internationally. Pakistani exporters have done the export deals of 200 tons at a rate of 120 pound per cent. Due to the recent devastating floods, cotton production in [...]

Latest Update News About Persistent all-round buying mainly in IT sector from operators and investors pushed up the BSE benchmark sensex to a fresh 33 month high of 20,808.44 in the early trade. The BSE benchmark sensex resumed higher at 20,700.42 and shot up further to 20,808.44 before quoting at 20,787.86 at 0915 hours, showing [...]