Cotton sale reduces by 17pc

Cotton production remained lower due to devastating floods and cotton sale witnessed 17 percent downfall this year. Only 42000 bales have been prepared till now in the ginning factories of the country which are lower than last years by 8.75 lakh bales.
Domestically, the recent floods have damaged around two million bales of cotton, prompting ginning mills to rush for purchase. Total consumption of cotton is around 16 million bales compared with the expected production of 12.6 million bales this season.
According to a report of Pakistan Cotton Ginners Association, textile mills have purchased 32 lakh bales.

Hockey team for CWG to be announced tomorrow

Playing 11 for the hockey team is scheduled to be announced tomorrow whereas Pakistans first batch of players would leave for Delhi on September 29.
Preparations of the Hockey Team are continued in National Hockey Stadium Lahore whereas the team would be announced tomorrow. According to sources, Zeeshan Ashraf, who got unfit during the Holland tour, has regained fitness and would lead the side in the upcoming mega event in Delhi.
On the other hand President Pakistan Olympic Association Arif Hassan told Dunya News that Security Liaison Officer Ahmed Mukarram is already in Delhi who until now has given a satisfactory report. After receiving his expected reports tomorrow, 61-member batch of players would leave for Delhi on September 29, 2010.

New Zealand rule out Pakistan trip

WELLINGTON: New Zealand cricket chiefs on Monday backed the idea of fund raising matches for flood-ravaged Pakistan but ruled out the prospect of the Black Caps travelling there.

Reports from Pakistan indicated New Zealand had offered to play there to raise funds for flood victims, but New Zealand Cricket chief executive Justin Vaughan said his message to the Pakistan Cricket Board had been misconstrued.

“At no point did we offer that the Black Caps would be touring as they certainly won’t be playing there this year,” Vaughan said.

“But it would be nice to think that in a cricket-loving country such as Pakistan that cricket could play a part in alleviating some of the suffering that is going on there.”

International cricket came to an abrupt end in Pakistan in March last year after a terror attack on the touring Sri Lankan team in

Rain forecast for Punjab, Kohat, Kashmir

Staff Report

ISLAMABAD: The Meteorological Department on Monday has predicted rain with lightening in some parts of Islamabad, Upper Punjab, Kohat, Hazara Division and Kashmir during next 24 hours.

According to Met office, hot and dry weather expected in various parts of country. Some parts of Upper Punjab and Kashmir had received rain with lightening during last 24 hours.

59 millimeter was the heaviest rain recorded on Sunday. SAMAA

Russia tests two intercontinental missiles

MOSCOW: Russia conducted Friday a successful test of two submarine-launched intercontinental ballistic missiles, a defence ministry spokesman was quoted as saying by the Interfax news agency.

The two Sineva (NATO identification: SS-N-23) missiles were launched by the nuclear submarine Tula from the Barents Sea towards the Kura test range on the Kamchatka peninsula in the Russian Far East.

“The warheads hit their targets at the expected time,” said the spokesman.

Sineva missiles are capable of carrying up to 10 nuclear warheads, according to the website GlobalSecurity.org, and were put into service by the Russian military in 2007.

Cotton price see heavy decline across country

KARACHI: Cotton price across the country witnessed a massive decline on reports of keeping regulatory duty imposed for one more month.

The cotton rates in Punjab slashed by Rs300 to Rs6500 per maund while in Sindh the price stood at Rs6100 per maund.

Member Pakistan Cotton Ginners Association Ahsanul Haq told Geo News that the price of cotton has seen a decline of Rs800 over the past one week while the supply of Phutti into the ginning factories has witnessed a 25 percent rise.

He said that NA Standing Committee on Textile has moved a proposal to extend imposition of 15 percent regulatory duty on yarn import till August 26. This has triggered massive decrease in the price of cotton in local market, he added.

Stock prices gain at KSE amid low volume

KARACHI: Price of stocks at Karachi Stock Exchange rose more than 0.50 percent on Friday as investors bought shares on lower levels after the main index fell 0.90 percent the previous day and on hopes of strong corporate results.

The Karachi Stock Exchange”s benchmark 100-share index, ended 0.57 percent, or 58.05 points, higher at 10,153.85, an almost two-and-a-half month high.

Volume fell to 55.81 million shares compared with 91.69million shares traded on Thursday.

Results for the year ending June 30 are due to be announced in the coming weeks. Dealers said volume is likely to improve after the expected reintroduction of margin buying.

The Karachi Stock Exchange authorities and the Securities and Exchange Commission of Pakistan (SECP) met last week to discuss the reintroduction of margin buying but it was not finalised in the meeting.

However, it was decided that a final document would be submitted to the SECP by next week.

New Chinese fighter jet expected by 2018: US

WASHINGTON: China is building an advanced combat jet that may rival within eight years Lockheed Martin Corp”s F-22 Raptor, the premier US fighter, a US intelligence official said.

The date cited for the expected deployment is years ahead of previous Pentagon public forecasts and may be a sign that China”s rapid military buildup is topping many experts” expectations.

“We”re anticipating China to have a fifth-generation fighter operational right around 2018,” Wayne Ulman of the National Air and Space Intelligence Center testified on Thursday to a congressionally mandated group that studies national security implications of US-China economic ties.

“Fifth-generation” fighters feature cutting-edge capabilities, including shapes, materials and propulsion systems designed to make them look as small as a swallow on enemy radar screens.

Ulman is China “issues manager” at the center that is the US military”s prime intelligence producer on foreign air and space forces, weapons and systems. He said China”s military was eyeing options for possible use of force against Taiwan, which Beijing deems a rogue province.

New jersey state of emergency snow

TrendPK.com Today in the Garden State, a slow-moving snowstorm is expected to create a wintry mess. Snowstorm is packed with strong winds and heavy moisture and many flights have been delayed due to this expected snowstorm while offices have also been closed. Emergency crews and hospital workers are standing alert while police [...]

Ipad Price

Ipad Price, After nearly a decade of rumors and speculation, Apple’s finally unveiled the iPad. It’s a half-inch thick and weighs just 1.5 pounds, with a 9.7-inch capacitive touchscreen IPS LCD display, and it’s running a custom 1GHz Apple “A4″ chip developed by the P.A. Semi team, with a 10-hour battery life and a month of standby. It’ll come in 16, 32, and 64GB sizes, and it’s got the expected connectivity: very little. There’s a 30-pin Dock connector, a speaker, a microphone, Bluetooth, 802.11n WiFi and optional 3G, as well as an accelerometer and a compass. There’s also a keyboard dock, which connects underneath in the portrait orientation, support for up to 1024

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