Pakistan And India Agree On Cotton Trade
KARACHI PAKISTAN: Cotton Association of India (CAI) and Karachi Cotton Association (KCA) have reached an agreement to abolish all existing barriers in way of cotton trade between two neighbours.
President CAI Dheran N Seth visited KCA here on Saturday wherein he called on President KCA Sohail Naseem.
During the sitting, the heads of two cotton associations resolved to mutually resolve disputed issues instead of taking them up before International Cotton Advisory (ICA).
The meeting also decided to hold visits of members cotton associations from two sides on regular basis.
SBP Provides Rs 60.05 Billion To Commercial Banks
The State Bank of Pakistan has provided Rs 60.05 billion to the commercial banks to inject liquidity into the Money Market.
The central bank had received offers of Rs 102.70 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted offers of Rs 60.05 billion. The central bank bought back PIBs and T-bills under 7-day reverse-repo at interest rate of 12.04 percent.
