KARACHI: The local cotton market on Thursday remained bullish and trading volume remained satisfactory. The rate of cotton in Sindh is in between Rs 12000 to Rs 15000 per maund and the rate of cotton in Punjab is in between Rs 14500 to Rs 15200 per maund.
The Spot Rate remained unchanged at Rs 14700 per maund. The polyester fiber was available at Rs 242 per kg.
Cotton Analyst Naseem Usman told that the rate of the new crop of Phutti in Sindh was in between Rs 4000 to Rs 6300 per 40 kg. The rate of Phutti in Punjab is in between Rs 5800 to Rs 6700 per 40 kg. The rate of Banola in Sindh is in between Rs 14000 to Rs 2000 per maund. The rate of Banola in Punjab is in between Rs 14000 to Rs 2200 per maund. The rate of cotton in Balochistan is in between Rs 14000- 14800 per maund. The rate of Phutti in Balochistan is Rs 6000- 7300 per maund.
1200 bales of Dherki were sold at Rs 15000 to Rs 15200 per maund, 400 bales of Ghotki were sold at Rs 15000 per maund, 600 bales of Mir Pur Mathelo were sold at Rs 15200 per maund, 400 bales of Khan Pur Mehar, 800 bales of Sadiqabad were sold at Rs 15000 per maund, 1200 bales of Saleh Pat were sold at Rs 14300 to Rs 14500 per maund, 1600 bales of Khan Pur were sold at Rs 13900 to Rs 14500 per maund, 800 bales of Rohri were sold at Rs 14200 to Rs 14500 per maund, 2800 bales of Rahim Yar Khan were sold at Rs 15000 to Rs 15100 per maund, 400 bales of Khan Pur were sold at Rs 15100 per maund, 1400 bales of Yazman Mandi were sold at Rs 14800 per maund, 800 bales of Mian Wali were sold at Rs 14600 to Rs 14700 per maund, 1200 bales of Fort Abbas were sold at Rs 14600 per maund, 800 bales of Haroonabad were sold at Rs 14500 to Rs 14600 per maund, 400 bales of Faqeer Wali were sold at Rs 14600 per maund, 200 bales of Hasil Pur were sold at Rs 14600 per maund.
Pakistan's textile industry is lagging behind in the adoption of digitization compared to other sectors which is driving inefficiency and low productivity among units, said Employers' Federation of Pakistan (EFP) former president Majyd Aziz.
Addressing a session on the textile industry on Wednesday, he stressed that the textile sector must embrace digital transformation to channelise its potential.
"To be digital or not to be digital is no longer an option," he said.
According to him, some of the reasons hindering digitisation in the textile sector included the nebulous nature of the industry, lack of awareness of digital tools and absence of a proper business environment to enable the digital transformation.
He was of the view that modern technologies not only aid the establishment of new business models by responding to changing customers' needs but also enhance working conditions and production processes. "They ensure better management of hazardous stock, safer working environment, better workforce coordination and improved equipment monitoring," he said.
Copyright Business Recorder, 2021