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Sinking oil prices lead to inventory losses amongst OMCs
Due to falling global oil prices, oil marketing companies in Pakistan are facing the grim prospect of huge inventory losses,…
Bank borrowings rise again
WITH the banking system reportedly facing liquidity shortages, the central bank injected funds into the system on December 1, the…
Frustrated cotton and rice growers switching to other crops
The monthly report of the International Cotton Advisory Committee has pointed out a 6pc loss in cotton consumption because of…
‘Buckwheat panic’ grips Russia as economic sanctions bite
Hard-hit by falling oil prices and Western economic sanctions imposed over the Kremlin’s role in the Ukrainian crisis, Russia is…
Cotton prices continue to fall
The Price fall in the cotton market continued unabated yesterday as well amid higher arrivals of phutti (seed cotton) and…
Commitee being set up to check drop in rice exports
Sindh Chief Minister Syed Qaim Ali Shah has formed a committee to look into problems being faced by rice growers…
Govt committed to gas pipeline project with Iran
President Mamnoon Hussain said that the government is committed to completing the Iran-Pakistan Gas Pipeline project at any cost. “Pakistan…
Maximum banking access for visualy handicapped: SCB directive
The State Bank of Pakistan yesterday issued directives to banks for printing cheque books and other documents in braille script…
Federation, Sindh in row over sugarcane price
The federal and Sindh governments are in a row over the issue of fixing sugarcane support price as the latter…