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Karachi

PMEX daily trading report

KARACHI: On Monday at Pakistan Mercantile Exchange Limited, the total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.646 billion and the number of lots traded...

Tax bias against industry must end

A Business Recorder exclusive sourced to officials of the Federal Board of Revenue (FBR) has revealed that thousands of sales tax deregistration applications remain pending with the Board due...

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 227,423 tonnes of cargo comprising 205,828 tonnes of import cargo and 21,595 tonnes of export cargo including 7,489 loaded and empty containers during the...

MoU inked to strengthen Pakistan-Mauritius trade

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and Mauritius Chamber of Commerce and Industry (KCCI) have signed a memorandum of understanding (MoU) according to which both chambers...

Buyers consolidate long positions during trading at lint market

KARACHI: Buyers strengthened their long positions during trading session at lint market. Physical prices remained favourable for buyers to obtain their deals matured. Around 1,260 cotton bales changed hands...

‘Emergent steps needed to address dismal state of textile exports’

KARACHI: The All Pakistan Textile Mills Association (APTMA), commenting on the statement made by Commerce Secretary Muhammad Younus Dagha in the meeting held last week at Pakistan Hosiery Manufacturers...

7.1pc UFG allowance for gas companies proposed

ISLAMABAD: The independent consultants have finally suggested allowing up to 7.1 per cent unaccounted-for gas (UFG losses) allowance to gas utilities in the consumer tariff for the next five...

US urged to include textile, leather in GSP scheme

KARACHI: Pakistan and the United States need to focus on improving bilateral relation particularly in areas of economy and trade as there exists a lot of scope and opportunities...

Cotton prices move lower amid moderate trading

KARACHI: Cotton prices moved lower on Wednesday, in line with New York cotton market. The fading out of two major hurricanes Harvey and Irma without much damage to standing cotton...

Textiles ministry to receive Rs40b claims till April 2018

ISLAMABAD - The Ministry of Textiles will receive Rs40 billion worth claims of January 16, 2017 to June 30, 2017 till April 2018 under the prime minister package.   In a...

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