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 Cotton & Textiles[1-3 of 3 stories]  
 Pakistan   |   World  

Official cotton spot rate cut to Rs 6,500 on improving weather

KARACHI (September 02, 2010): Official spot rate was lowered on the cotton market on Wednesday as floodwater is going into the sea, dealers said. The Karachi Cotton Association (KCA) official spot rate was dropped by Rs 50 to Rs 6,500, they said. In the ready business over 10,000 bales of cotton changed hands between Rs 6300-6800, they said.




Electrofair 2010 begins from August 21
KARACHI (September 02, 2010): Many exhibitions are being held now-a-days which cater to products ranging from consumer goods to textile and other leading industry. However, it has long been felt that no platform exists in the country, which effectively projects the latest developments in the field of electrical and electronic engineering industry.



Leather industry facing persistent decline in exports: Agha
LAHORE (September 02, 2010): The National Environmental Quality Standards (NEQS) which were fixed at level of 150 mg/liter chemical oxygen demand (COD) are unachievable for the leather industry thus the government should immediately provide interim relief and reduce the NEQ standards to rational level.



Active buying by mills keeps prices firm on cotton market

KARACHI (September 01, 2010): Steady trend was seen on the cotton market on Tuesday as mills were active to cover the near-term demand, but it looks prices may come down due to improvement in weather condition, dealers said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 6,550, they said. In the ready business over 12,000 bales of cotton changed between Rs 6550-6850, they said.




APTMA Punjab issues final list of candidates
LAHORE (September 01, 2010): All Pakistan Textile Mills Association (APTMA) Punjab has issued final list of candidates for annual election, scheduled for September 6, where 182 members would vote for the office of Senior Vice Chairman and nine members of Zonal Managing Committee for the year 2010-11.



Minister appeals to textile workers to donate one-day salary
KARACHI (September 01, 2010): Federal Textile Industry Minister Rana Farooq Saeed Khan on Tuesday appealed to the nation-wide textile workers and manufacturers of other sectors to donate one-day salary for the relief and rehabilitation of flood affectees.



Khyber Pakhtunkhwa textile sector included in Prime Minister's fiscal relief package
KARACHI (September 01, 2010): The federal government has announced to include the entire textile sector of Khyber Pakhtunkhwa (KP) in Prime Minister's fiscal relief package to rehabilitate economy in FATA/PATA/KP. According to SBP SMEFD Circular Letter No 13, issued on Tuesday, the federal government has made some amendment in its fiscal relief for Khyber Pakhtunkhwa, FATA and PATA and now Textile Sector would also be eligible for payment of mark-up rate subsidy on business loans for the period from Jan1, 2010 to June 30, 2010.



Gohar Ejaz inaugurates APTMA Faisalabad office
LAHORE (September 01, 2010): Chairman All Pakistan Textile Mills Association (APTMA) Punjab Gohar Ejaz inaugurated APTMA Faisalabad office with a hope that the member mills would take benefit of securing synergies of operations and economies of scale.



Steady trend prevails on cotton market

KARACHI (August 31, 2010): Firmness prevailed on the cotton market on Monday as mills continued buying to keep themselves away from future losses, dealers said. The Karachi Cotton Association (KCA) official spot rate was moved up by 100 at Rs 6,550, they said. In the ready business more than 11,000 bales of cotton changed between Rs 6500-6800, they said. Seed cotton prices in Sindh were at Rs 2900-3000 and in Punjab prices were unchanged at Rs 3000-3200, they added.




Ahsan Bashir elected Chairman Aptma Punjab unopposed
LAHORE (August 31, 2010): Businessmen Council bagged sweeping victory in All Pakistan Textile Mills Association (Aptma) Punjab elections for 2010-11, as its nominee Ahsan Bashir was announced as elected unopposed after withdrawal of papers from the opposition.


  

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The Rupee
Interbank closing rates for dollar on Wednesday.
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SellingRs 85.65
Dollar marginally up
7567.16  9.72
Sectoral Indices 
Market at Close
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KSE-100 Index 9,762.89
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Gold Per 10gm 33,942.00
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World Indices
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Nasdaq 2,176.84 2.97
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Economic Indicators
Annual2009/10
Foreign Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
MonthlyJuly
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Exports $1.78 bln
Imports $3.24 bln
WeeklyAugust 26, 2010
Reserves $16.1087 bln
 









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