PM vows to increase education budget – 10:45 AM – July 04, 2015
The Prime Minister Nawaz Sharif has written a column highlighting the importance of school education in an Arab newspaper.
The column which appeared in Arab News states that 6 million children in Pakistan remain out of school. Independent figures put the estimated figure at 25million out of school children.
The PM in his column said that among the plethora of problem that affects education in Pakistan terrorism tops the list.
“Perhaps worst of all, terrorists and extremists have been targeting schools, blowing up their buildings and threatening their teachers, particularly in the northern part of the country. In a particularly tragic incident last December, terrorists attacked young students and teachers at a school in Peshawar,” he wrote.
Series of monsoon rains likely to start from Sunday: – 12:25 PM – July 04, 2015
The weather in various part of the country remained dry and hot today and the Metrological Department has forecasted that a fresh series of monsoon rains in Lahore, Sahiwal, and Hazara is likely to start on Sunday.
The intensity of heat reduced after Thursday’s rain in several cities including Islamabad. The climate in Lahore remained cloudy.
Sindh and Balochistan, however, are covered in intense heatwave. The highest temperature was recorded in Nokandi at 46 degree Celsius. The Met Department has forecasted of rains in Lahore, Sahiwal, Hazara, Zob Division and Kashmir.
Thatta 2400 - 2450
Umer Kot 2330
Today KCA Spot Rate – 11:50 AM – July 04, 2015
Today Karachi Cotton Association (KCA) spot price unchanged at (New Crop 2015 -16) 4850 per maund Ex- Gin
Sindh Cotton Market Overnight Commentary – 11:50 AM – July 04, 2015
The Sindh cotton market was also down yesterday -03/07/2015. Cotton idea price (Crop 2014-15) was traded at Rs 4100 –5150 per maund, cotton idea price (New Crop 2015-16) was traded at Rs 4925 – 5000 per maund and Seed cotton (phutty) Crop 2014-15 at Rs.1900 – 2200 per maund while New crop 2015-16 at Rs.2200 – 2400 per maund.
Punjab Cotton Market Overnight Commentary – 11:30 AM – July 04, 2015
Yesterday – 03/07/2015: The Punjab Cotton market was a bit down. Cotton (Crop 2014-15) was traded at an idea price between the ranges of Rs.5200 -5300 per maund and Seed cotton (phutty) Crop 2014-15 @Rs.2100 – 2800 per maund. (phutty) new Crop 2015-16 @Rs.2400 – 2500 per maund.
NYBOT Cotton Future Contracts Closing – 09:35 AM – July 04, 2015
As on 03rd July 2015 Market Closed due to Public Holiday
LHC Orders to recover Govt -property from Hamza-Sugar – 01:50 PM – July 04, 2015
Lahore High Court (LHC) has termed Hamza Sugar Mills’ occupation of 800 kanal government property as illegal and ordered the Revenue Department to recover the held land, Dunya News reported.
According to details, a two-member bench of Lahore High Court heard the case in which it was submitted to the court that the government property was barren but was populated on own expenses.
The superior court, however, termed the occupation as illegal and ordered the Revenue Department to recover it.
Higher cost: Minister for control on sugar prices – 12:10 PM – July 04, 2015
Federal Minister for Commerce Khurram Dastgir chaired a meeting to discuss price movements in the sugar market and ensure its stabilisation.
The meeting was convened on the directives of the Economic Coordination Committee and was attended by representatives of the Ministry of Commerce, Ministry of Industries and Pakistan Sugar Mills Association (PSMA).
Government officials directed the PSMA to enhance the supply of sugar in the open market in order to ensure that prices stayed at a reasonable level.
LIFFE White Sugar# 5 Future Contracts Closing – 09:40 AM – July 04, 2015
As on 03rd July 2015 (1 USD = 101.70 PKR)
Month MYR/Ton PKR / KG
Aug-15 371.10 37.74
Oct-15 365.40 37.16
Dec-15 365.20 37.14
Mar-16 366.40 37.26
May-16 369.80 37.61