Textile exports witness mild growth in October
The textile exports from the country witnessed positive growth of 0.59 percent during the month of October 2016 compared to the same month of last fiscal year. According to the latest data…
Indian cotton exports to Pakistan slump amid tensions: traders
Rising hostilities between India and Pakistan have brought their $822 million-a-year trade in cotton to a juddering halt, as traders who are worried about uncertainty over supplies and driven by patriotism hold…
APTMA slams increase in duty on cotton imports
The government has further increased the customs duty on cotton imports from 2 per cent to 3 per cent, while the industry has to pay a total of 4 per cent duty…
APTMA rejects Senate body’s recommendations on cotton imports
All Pakistan Textile Mills Association (APTMA) strongly rejected the recommendations of Senate Standing Committee on National Food Security and Research to impose Regulatory Duty on the import of cotton from India through…
Regulatory duty on cotton imports from India on the cards
After being told that All Pakistan Textile Mills Association (APTMA) was pressurising to allow duty free import of one million cotton bales from India through the Wagah border which could jeopardise the…
India’s state cotton purchases to plummet as Pakistan raises imports
Pakistan’s overall cotton imports are seen climbing to at least 4m bales in the year that started on Aug 1, from 1.2m bales in the previous year due to an estimated 25…
Sindh produces more cotton than Punjab this season
The Sindh province has surpassed Punjab in terms of cotton production as the economic observers see the flow of cotton arrivals having resumed with the arrival of Kharif season. According to data…
DS-CONCEPT – Intelligent Trade Finance
Pakistan is the world’s largest producer and consumer of cotton. The textile industry has been the main driver of the economy for the last 50 years in terms of foreign currency earnings.…
Cotton arrivals far below FY13 target
According to ginners, cotton arrivals till May 1, 2013 stood at 12.92 million bales against 14.81 million bales during the corresponding period last year. Initially the government had set the cotton production…
Stable cotton prices shrug off rainfall impact in Sindh, Punjab
Lower production of cotton was witnessed in the country caused by heavy rains. Despite this decline, lower international prices coupled with inventory backlog can be accredited for keeping cotton prices in the…
Rain, floods in Punjab and Sindh erode cotton output by 9pc
The cotton bales produced up to February 1 were counted at 12.38 million against 13.62 million arrived till the same date of last year. This, according to Pakistan Cotton Ginners Association (PCGA)…
Cotton exports declining due to unavailability of cotton seed
A parliamentary Panel on Thursday was informed that certified cotton seed is not available in the country therefore cotton exports of the country are declining. During a meeting of Senate Sub-committee on…
Private sector has PCCC’s power
The recently re-constituted Pakistan Central Cotton Committee’s (PCCC) powers have been given to private sector which may manipulate cotton date according to its own interests, say sources. “The reconstituting of Pakistan Central…
LCCI informs govt that they’re in low cotton
The Lahore Chamber of Commerce and Industry Thursday urged the government to announce a special package for ailing cottage industry to offset the financial losses it has suffered because of unprecedented and…
Textile industry in low cotton
Depression prevailed in the cotton market while Textile Sector would be benefited by receiving Rs 13 billion in the budget 2012-13. The Karachi Cotton Association kept the spot rate unchanged at Rs…
India to lift ban on cotton exports
Just after one week of imposing ban on export of cotton, the Indian Commerce Ministry is considering to take a U-turn by lifting the ban. According to the reports in Indian press,…
Cotton warehouse fire causes massive loss in Karachi
Cotton worth millions of rupees was burnt to ashes due a fire in a cotton warehouse, here on Wednesday. According to police, fire erupted in a cotton warehouse located in the Korangi…