No fungus threat to wheat crop
MULTAN, March 14: Officials, farm experts and farmers in South Punjab have denied any attack of fungus Ug99 on wheat crop in Pakistan....
Dollar heading for record high against rupee
KARACHI, March 14: The Pakistani currency has almost lost whatever it gained against the dollar just after the general elections on February 18....
KSE index settles below session’s high on profit-selling
KARACHI, March 14: The KSE 100-share index ended the week above the barrier of 15,000 points but well below the session’s highs owing to late weekend profit-selling, signaling that its next...
Pakistani brands gaining popularity in India
NEW DELHI, March 14: Pakistani brands are gaining popularity in the upbeat Indian market. There is a huge scope for Pakistani entrepreneurs to cater to the developing interest of Indian consumers in Pakistani products....
Plan to bring 2.5m acres under cultivation
KARACHI, March 14: The Sindh ministry of agriculture is to buy a fleet of 35 bulldozers at an estimated cost of Rs246.9 million to bring 2.5...
23 cold storages to be set up for veg, fruits
ISLAMABAD, March 14: The government has decided to set up 23 cold storages at airports, seaports and across the national trade corridor in order to preserve vegetables and fruits meant for export purposes....
JPMorgan Chase, Fed move to rescue market
NEW YORK, March 14: In an unprecedented move JPMorgan Chase & Co (JPM) and the Federal Reserve Bank of New York stepped in with emergency funds to keep beleaguered investment bank...
Power crisis shakes confidence of industry
KARACHI, March 14: Frequent and unscheduled power outages for longer periods have forced many industries to avoid entering into fresh export orders, fearing huge losses, if deadlines are not met....
Euro, gold chart fresh highs
LONDON, March 14: The dollar tumbled to fresh all-time lows against the eauro on Friday and gold jumped to record highs after topping $1,000 for the first time ever as more US economic woes roiled the markets....
Wheat buying begins in Sindh
KARACHI, March 14: The Sindh Food Department is officially beginning on Saturday the wheat procurement from farmers in Mirpurkhas and some other places in lower Sindh at the officially fixed price...
Completion of Indus Refinery delayed
KARACHI, March 14: The completion of Indus Refinery Ltd has been delayed by about two years, mainly because of political instability, a top company official said on Friday....
Karachi Port operations
KARACHI, March 14: Five ships carrying wheat, DAP fertilisers and general cargo are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
Cotton market shows firm trend
KARACHI, March 14: Cotton market on Friday showed a firm trend as spinners and mills continued to cover their forward positions against forward sales of textiles....
15 withheld CNG buses released
ISLAMABAD, March 14: The government has decided to release the CNG buses imported from Sharjah that were withheld on the charges of their Indian origin....
Oil slips
LONDON, March 14: Oil slipped on Friday as investors took profits from a record rally that pushed prices to a record $111 in the previous session....
Asian stocks close mostly down
HONG KONG, March 14: Asian stocks closed mostly down on Friday due to concerns about the US economy, a sliding greenback, near record high oil prices and the debilitating global credit crunch....
Palm oil 3 per cent lower
KUALA LUMPUR, March 14: Malaysian palm oil futures ended nearly 3 per cent lower on Friday as investors booked profits while waiting to see if China would import more vegetable oils to arrest inflation, traders said....
Karachi market rates
KARACHI, March 14: The following were Friday’s commodity market rates in rupees....