Cotton seed companies allege that unregistered players in the market are selling unprocessed and spurious seed in Sindh and coupled with other factors this is damaging crop yield in the province. “Almost 80 per cent of cotton seed requirements of Sindh are being met by mostly unregistered companies, which collect rapeseed from ginning factories in Punjab and sell it in Sindh without processing
The Customs Department has notified regulations that will govern cross-border trade under the Pakistan Single Window (PSW) system. The regulations were notified through a customs notification SRO98 of 2023, which will come into effect immediately. These regulations will apply to all users from individuals to commercial and non-commercial entities engaged in cross-border trade. All persons wi
Foreign exchange reserves held by the State Bank fell by $170 million to $2.916 billion during the week ending on Feb 3, but the rupee gained despite this piece of bad news on Thursday. According to the State Bank, the decline in reserves was due to external debt repayments. Experts believe that the country’s reserves are enough for only 16 or 17 days of imports. The biggest threat is the di
Amid claims of adequate availability and the government warning of stern action against hoarders, the shortage of petrol persists across Punjab disrupting the routine life of the public at large. The situation is worst in remote areas where the pumps have had no supplies for the last over a month, Dawn has learnt. On the other hand, the Pakistan Petroleum Dealer Association (PPDA) has held a
While expressing their strong resentment toward the justification for pushing up prices to unprecedented levels of up to Rs303,500 per tonne, builders and developers have suspended the purchase of steel bars for seven days. Association of Builders and Developers (ABAD) Chairman Altaf Tai said no steel bars would be unloaded at the construction sites of the association’s members from Friday.