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Cotton and Textiles: Pakistan

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Punjab Agriculture Department (PAD) has advised the cotton growers to take all necessary steps for saving their crop from damages may be caused by the rains at this important juncture.

Chairman APTMA Punjab S M Tanveer has urged the government to end the mismatch in electricity and gas supply to the Punjab-based textile industry for the continuity of production activities. He said the production activities are badly affected due to the prolonged mismatch in energy supplies.
Monsoon slight rains in Sindh and Punjab caused temporary fall in seed cotton arrivals on the cotton market on Saturday, dealers said. The official spot rate managed to hold overnight level at Rs 5,600, they added. In ready session, trading activity came down, as over 12,000 bales of cotton changed hands between Rs 5600 and Rs 5800, they said.
Pakistan Textile Exporters Association (PTEA) has expressed deep concerns over drop of 7.89 percent in exports in July 2014 despite the availability of GSP Plus benefit. Unprecedented energy shortage was the prime reason behind the substantial drop in exports.
Training workshop of Energy Managers of Industry concluded at a local hotel on Saturday. APTMA Punjab and GIZ organised the workshop, which continued for a week, August 25-30. Certificates were also distributed among the participants at the end of the workshop.
Slow arrivals of phutti pushed rates up on the cotton market on Friday in the process of trading, dealers said. The official spot rate maintained overnight level at Rs 5,600, they added. In ready session, over 16,000 bales of cotton changed hands between Rs 5650 and Rs 5775, they said.
Prices moved higher modestly on the cotton market on Thursday following the fresh monsoon rains in the Punjab, dealers said. The official spot rate maintained overnight level at Rs 5,600, they added. In ready session, over 18,000 bales of cotton changed hands between Rs 5600 and Rs 5650, they said. In late evening, rates went up at Rs 5700 and Rs 5750 as a result of tight supplies in Punjab, dealer said.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln