Pakistan textile traders end strike
Commodity traders in Pakistan were slightly relieved Monday after All Pakistan Textile Mills Association called off spinning industry’s strike to protest against 15% regulatory duty on the export of yarn. Strike was called off after APTMA leadership met with Prime Minister of Pakistan Syed Yousuf Raza Gilani. Declaring the end of strike, APTMA Chairman Ejaz [...]
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 [...]
Pakistan Buys Sugar Below Market Price
A Dubai based trading firm sold sugar to Pakistan at 18 percent lower than global benchmark but could not supply the entire quantity demanded in the recently issued tender, reports indicate Friday. Through the government managed Trading Corporation of Pakistan, Islamabad had issued a tender to purchase 200,000 tons of sugar. But the country purchased [...]
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