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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.

As a result of sporadic rains in Sindh and Punjab arrivals of seed cotton stopped in the process of trading, dealers said on the cotton market on Monday. The official spot rate managed to hold overnight level at Rs 5,600, they added. In ready session, trading activity came down, as over 9,000 bales of cotton changed hands between Rs 5600 and Rs 5800, they said.
Brazil's area planted with cotton should increase by 8 percent this season from a year earlier as prices for the fibre remain more favourable than corn, local consultancy Agroconsult said. Agroconsult expects a 1.8 million tonne cotton lint crop in the 2014/15 season compared with 1.7 million tonnes a year earlier from Brazil, the world's No. 4 cotton producer.
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.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyJune
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WeeklyAugust 28, 2014
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