AGL 23.81 Decreased By ▼ -0.54 (-2.22%)
AIRLINK 103.60 Increased By ▲ 0.60 (0.58%)
BOP 5.66 Decreased By ▼ -0.05 (-0.88%)
CNERGY 3.93 Decreased By ▼ -0.03 (-0.76%)
DCL 8.36 Decreased By ▼ -0.14 (-1.65%)
DFML 41.70 Decreased By ▼ -1.29 (-3%)
DGKC 88.30 Decreased By ▼ -0.60 (-0.67%)
FCCL 22.70 No Change ▼ 0.00 (0%)
FFBL 40.88 Increased By ▲ 2.68 (7.02%)
FFL 8.96 Decreased By ▼ -0.15 (-1.65%)
HUBC 160.49 Decreased By ▼ -3.21 (-1.96%)
HUMNL 11.46 Decreased By ▼ -0.34 (-2.88%)
KEL 4.82 Decreased By ▼ -0.03 (-0.62%)
KOSM 4.09 Decreased By ▼ -0.04 (-0.97%)
MLCF 38.60 Increased By ▲ 0.19 (0.49%)
NBP 53.60 Increased By ▲ 0.75 (1.42%)
OGDC 130.60 Decreased By ▼ -2.29 (-1.72%)
PAEL 25.36 Decreased By ▼ -0.29 (-1.13%)
PIBTL 6.25 Decreased By ▼ -0.13 (-2.04%)
PPL 118.90 Decreased By ▼ -0.60 (-0.5%)
PRL 23.95 Decreased By ▼ -0.65 (-2.64%)
PTC 12.92 Increased By ▲ 0.28 (2.22%)
SEARL 59.11 Decreased By ▼ -0.49 (-0.82%)
TELE 7.43 Decreased By ▼ -0.06 (-0.8%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 8.72 Decreased By ▼ -0.13 (-1.47%)
TREET 15.90 Increased By ▲ 0.10 (0.63%)
TRG 55.95 Decreased By ▼ -1.95 (-3.37%)
UNITY 34.95 Increased By ▲ 0.06 (0.17%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 8,536 Decreased By -8.5 (-0.1%)
BR30 27,187 Decreased By -204 (-0.74%)
KSE100 79,944 Decreased By -48.3 (-0.06%)
KSE30 25,500 Decreased By -43.9 (-0.17%)

Cotton arrival in Pakistan increased 54% year-on-year, showed the latest fortnightly data released by the Pakistan Cotton Ginner's Association (PCGA) on Friday.

As per the report, total cotton arrivals surged to 7.168 million bales as of December 1, 2021, compared to 4.648 million bales in the same period last year, a difference of 2.52 million bales.

Textile sector accounts for 3.4pc of GDP: ADB

Cotton is crucial for Pakistan's textile sector that accounts for 3.4% of the Gross Domestic Product (GDP) compared to 7.5% for Bangladesh, 5.1% for Sri Lanka, 12% for Cambodia and 3.5% for Turkey, stated the Asian Development Bank (ADB) in its report, “Global Value Chain, Development Report 2021, Beyond Production.”

Meanwhile, as per the PCGA data, cotton arrivals reported a substantial increase in Punjab and Sindh — the major cotton-producing provinces of the country.

Over 6.8mn bales of cotton reach ginneries, up 70 YoY: PCGA

As of December 1, cotton arrival in Punjab was 3.679 million bales compared to 2.634 million bales in the same period last year, an increase of 1.045 million bales or 40%. On a monthly basis, cotton arrival recorded an increase of 25% as compared to 2.935 million bales on November 1.

Similarly, cotton arrival in Sindh reached 3.489 million bales as compared to 2.014 million bales reported in the same period last year, an increase of 1.475 million bales or 73%. On a monthly basis, cotton arrival recorded an increase of 5% as compared to 3.321 million bales on November 1.

Comments

Comments are closed.