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Cotton and Textiles: Pakistan

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While the current cotton season (August 2014 / July 2015) gradually peters out, the prices for both seedcotton (Kapas/Phutti) and for the meager floating stocks of lint in the market have risen. Seed cotton prices for the better quality have risen by Rs 100 per 40 Kgs this week, while lint prices have risen by Rs 100 per maund (37.32 Kgs). Even though yarn prices have not risen commensurately and some mills find yarn activity to be slow, lint prices are said to have firmed up domestically and in the foreign markets.

Falling stock of fine cotton, kept mills and spinners under pressure, causing increase in the rates on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 5100, dealers said. In the ready session, over 4,000 bales of cotton changed hands between Rs 4900 and Rs 5340, they said.
Rejecting the National Electric Power Regulatory Authority's (Nepra) decision of refunding a meager amount of Re 0.81, per unit, to the consumers of K-Electric on account of fuel price adjustment charges for January, 2015, Chairman of All-Pakistan Textile Mills Association (APTMA), Sindh-Balochistan Zone, Tariq Saud has urged the government to consider consumers of K-Electric at par with consumers of other power utilities of the country.
Prices improved on the cotton market on Wednesday as the ginners showed reluctance in selling of little unsold stock of fine quality, dealers said. The official spot rate picked up by Rs 50 to Rs 5100, dealers said. In the ready session, around 6,000 bales of cotton changed hands between Rs 4400 and Rs 5300, they said.
Pakistan Textile Exporters Association (PTEA) has expressed grave concern over 12.9 percent drop in exports in last month and demanded of the government to take immediate remedial measures to arrest this shortfall.
BASF presented a broad-range of innovative solutions for leather processing and footwear customers at the recent Pakistan Mega Leather Show held in March 2015 at Lahore. The solutions were focused on better protection of the environment, efficient use of resources and improved consumer protection.
The Superintendent Engineer Rohri Canal, Circle Hyderabad Saeed Ahmed Jagirani presiding over a meeting of all Executive Engineers of Rohri Canal Circle has directed the officers to ensure the imposition of a ban on Paddy Crops sowing along the Rohri Canal.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln