All
 

 

Just in:  

You are here: Home»Cotton & Textiles»Pakistan

Cotton and Textiles: Pakistan

Archive: 

Rates fell on the cotton market on Wednesday as leading millers kept on the sidelines in the process of trading, dealers said. The official spot rate was unchanged at Rs 5400, dealers said. In the ready session, over 2000 bales changed hands between Rs 3800-5600, they said. Seed cotton prices in Sindh were at Rs 2100-2700 and in Punjab at Rs 2500-3100, they said.

All Pakistan Textile Mills Association (APTMA) has termed Gas Infrastructure Development Cess (GIDC) Act 2015 an anti-business initiative, saying that the imposition of GIDC will lead to closure of export-oriented textile industry, which may result in law & order situation in the country.
Pakistan Apparel Forum on Wednesday asked the government to reverse its decision of placing Gas Infrastructure Development Cess to scale down the textiles' growing input cost, fearing the fresh levies would downsize the country's largest exporting sector.
Spot rate was down further on the cotton market on Tuesday amid modest trading as confusions rising over the issue of Gas Infrastructure Development Cess (GIDC), dealers said. The official spot rate continued downfall, losing more Rs 50 to Rs 5400, dealers said. In the ready session, only 3000 bales changed hands between Rs 5175-5700, they said. Seed cotton prices in Sindh were at Rs 2100-2700 and in Punjab at Rs 2500-3100, they said.
All Pakistan Textile Mills Association Chairman SM Tanveer has urged the government to use the growth potential of the textile industry for employment creation and not for revenue generation. "It should avoid burdening the textile industry with further taxation to achieve this target," he stressed.
Pakistan Textile Exporters Association (PTEA) has called for zero-rating sales tax facility on export oriented textile chain, as huge amounts stuck up in refund regime has squeezed the financial streams and are breading the cash flow jerks for textile exports.
Trading activity came down on the cotton market on Monday as leading participants were confused about the issue of Gas Infrastructure Development Cess (GIDC), dealers said. As a result of slow business, the official spot rate down by Rs 50 to Rs 5450, dealers said. In the ready session, only 700 bales changed hands between Rs 4500-5700, they said. Seed cotton prices in Sindh were at Rs 2100-2700 and in Punjab at Rs 2500-3100, they said.

 



 
IndexClosingChg%
ArrowDJIA 18,162.99 0.67
ArrowNasdaq 5,106.59 1.47
ArrowS&P 2,123.48 0.92
ArrowFTSE 7,033.33 1.21
ArrowDAX 11,771.13 1.26
ArrowCAC-40 5,182.53 1.95
ArrowNikkei 20,472.58 0.17
ArrowH.Seng 28,081.21 0.60
ArrowSensex 27,564.66 0.12





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln