Cotton Prices Hit The Roof In Pakistan
Cotton price hit record high of Rs6,950 per maund due to shortage of the commodity and sluggish trading on the cotton market today. Dealers at the Karachi Cotton Exchange (KCA) said 400 bales of Haroonabad were sold at the historic high of Rs6,925/Rs6,950 per maund on credit, and 4,700 bales of Rahim Yar Khan changed [...]
US Dollars In Short Supply In Pakistan
Short supply of US dollars led to further depreciation of Pakistan rupees Tuesday. In active forex trade Pak rupee lost 11 paisas against the dollar to close at 84.10 rupees to a dollar in the open market from the last week’s trading day close of 83.99. Trading activity was thin in the currency market during [...]
UN Should Settle Pakistan-India Water Dispute
Pakistan has decided to move the International Court of Arbitration (ICA) against the construction of the controversial Kishanganga Hydropower Project by India over Jhelum river in violation of 1960 Indus Waters Treaty. The decision comes when Indians have completed the 22-km tunnel to divert Kishanganga (Neelum) waters to Wullar Lake and the work on the [...]
Pakistan Foreign Exchange Reserves Slightly Decline
Due slowing remittences from overseas and weakening of rupee, Pakistan foreign exchange reserves declined to $14.48 billion in the week ending on Feb. 6 from $14.52 billion the previous week, State Bank of Pakistan official was quoted saying today. Earlier this week State Bank had reported remittances were declining every month since October 2009 and [...]
Cotton Prices In Pakistan Breaking Previous Records
Cotton prices continued to climb Thursday in Pakistan breaking all previous records for better quality crop. On previous day spot rate at the Karachi Cotton Association (KCA) increased by Rs 75 to Rs 4,700, breaking all previous records. More than 17000 bales of cotton sold within the range of 4600-5500. One contract from Khanpur was [...]
Ibrahim Sajid Malick is a Pakistani-American writer, technologist, and social entrepreneur. He has been writing on Pakistani society and politics since 1986. He has held several media, communications, and technology positions for organizations large and small. Mr. Malick graduated from New School for Social Research with a master’s degree in anthropology. He holds several technology and management certifications. He works for a leading technology firm and blogs at www.ibrahimsajidmalick.com