KARACHI (September 14, 2010): The rupee tended lower against dollar on the currency market owing higher demand for the US currency during the week ended on September 9, 2010. On the interbank market, the rupee shed five paisa versus dollar for buying and selling at 85.70 and 85.75.
Trading on cotton market sustains despite high prices; rates, volumes remain range bound in shortened week
KARACHI (September 14, 2010): Trading in cotton sustained despite firmer prices world-wide as spot rate indicated on the opening day at Rs 6400 per maund. Prices in ready business and the of take fluctuated moderately and sot rate remained pegged at Rs 6400. At Least for the next four days there would be no business activity, Happy Eid.
KARACHI (September 14, 2010): The country may face worst sugar crisis in coming days as the local sugar stocks, lying with mills across the country, has completely exhausted, it is reliably learnt. The Ministry of Industries and Production (MoI&P), the Ministry of Food and Agriculture (Minfa) and the Ministry of Commerce (MoC) have called an emergency meeting on September 16 for devising a strategy to meet crisis.