Cotton export on despite shortage
Despite a steep decline of in cotton generation, i.e less than 40,000 bales, the commodity export has been initiated instead of its import.
The textile industry needed a 1,600,0000 bales of cotton for its needs, while according to a rough estimate around 1,200,0000 bales would be generated. Due to rise of cotton prices in the international market, exporters have turned to Pakistan for purchase.
Gold prices down as bears rule internationally
Gold prices went down in Pakistani Sarafa markets after a severe bearish trend was witnessed in the international markets, Dunya News reported on Wednesday.
Per tola price of Gold reached Rs. 43000. Selling pressure was witnessed in the international market resulting in profiteering and short-selling.
Markets in Karachi remained closed however price of 10 gram Gold reached Rs. 37000 in Rawalpindi. Per tola price was reduced by Rs. 800.
Cotton prices soar on strong demand
Cotton prices soar to all-time high as rates in the international market with a 25 % surge.
Per maund prices of cotton has been risen over $1.22 in New York markets. In Pakistan too the cotton is up; in Punjab it is up by Rs7,400 per maund while in Sindh it stands at Rs7,500.
Bullish spell prevails at Asian stocks
Bulls ruled the roost at Asian stocks on Monday while silver hits 30-year high rates in the international markets.
MSCI Index closed at 1 percent, while Japans Nikkei Index gained 1.39percent.
Hang Seng gained 1.28 points while Topix added 1.3 percent. Silver prices crossed 21.60 cents in the international markets.
Bullish spell prevails at Asian stocks
Bulls ruled the roost at Asian stocks on Monday while silver hits 30-year high rates in the international markets.
MSCI Index closed at 1 percent, while Japans Nikkei Index gained 1.39percent.
Hang Seng gained 1.28 points while Topix added 1.3 percent. Silver prices crossed 21.60 cents in the international markets.
10 NATO soldiers killed on deadly Afghan day
June 7, 2010 by Trend PK
Filed under Breaking News
KABUL: Bombs and bullets killed 10 NATO soldiers, including seven Americans, in a wave of violence in Afghanistan on Monday the deadliest day this year for the international forces.
Continued here:
10 NATO soldiers killed on deadly Afghan day
Hearing of Naved, Malik appeals adjourned
Hearing of appeals of Pakistan former captain Shoaib Malik and all-rounder Rana Naved against one-year suspensions and fines has been adjourned.
Pakistan Cricket Board lawyer Talib Rizvi said that Maliks appeal has been adjourned until May 29 while Naveds appeal will be heard on June 19.
Maliks laywer presented his arguments in the last hearing on May 15, but Rizvi said the PCB needed time to discuss it.PCB chairman Ijaz Butt was out of the country and only returned home Friday so we will discuss all the legal matters with him before giving our reply in the next hearing, a website quoted Rizvi as saying. Naveds lawyer wanted to make some amendments in the appeal and needed some time, Rizvi said.
The PCB suspended both players for one year and fined them two million rupees ($23,500) each for poor performance and ill discipline during the tour of Australia earlier this year. Six players filed appeals against suspensions and fines except for former captain Mohammad Yousuf, who has retired from international cricket.
Arbitrator Irfan Qadir said he wanted to wrap up the proceedings as quickly as possible in all the six appeals and wanted it to be transparent. Video recordings of all our proceedings will be done so as to bring transparency, Qadir told reporters.
The PCB imposed fines and suspensions on the recommendations of an inquiry committee formed to evaluate Pakistans performance during the winless tour of Australia. Players launched accusations at each other in a leaked video recording of the PCB inquirys proceedings.
In the videos, former coaches Intikhab Alam and Aqib Javed questioned wicketkeeper Kamran Akmals poor performance in the Sydney test. Alam told the inquiry committee he was flabbergasted when Akmal missed an easy run out of Shane Watson and later said he had heard stories about match fixing.
Gold prices plunge in local, intl markets
Gold price plunged in local and international gold markets on Saturday.
Gold prices decreased to Rs 37,350 per tola, down by Rs 100 whereas the price of 10 grams lowered to Rs 32,014, down by Rs 86.
In the international market, gold price reached to $1179 per ounce, down by $5.
Refuge to militants in North Waziristan abandoned
A peace committee in North Waziristan Agency (NWA) has announced not to give refuge to foreigners and militants.
It is said in a pamphlet distributed in WANA bazaar that WANA peace pact would remain intact and as per accord, foreigners and militants would not be allowed to stay in the area. According to peace committee, in case of pacts violation, fine of 10 lakh rupees would be imposed and violators house would be destroyed.
Gold price slips
Gold price plunged in local and international gold markets on Thursday.
Gold prices decreased to Rs 37,500 per tola, down by Rs 300 whereas the price of 10 grams lowered to Rs 32,142, down by Rs 258.
In the international market, gold price reached to $1185 per ounce, down by $19.
