FIA & ETPB action: KCA says not fixing cotton spot rates since Dec 13th

KARACHI: The Karachi Cotton Association is surprised to note that some quarters are quoting spot rates of cotton in various social media groups and other platforms in the name of the Karachi Cotton Association.

In this context, the Karachi Cotton Association clarifies that due to suspension of all its operations in the backdrop of sealing of the Cotton Exchange Building by the FIA and Evacuee Trust Property Board on 12-12-2025, the Karachi Cotton Association is not fixing daily spot rates of cotton since 13-12-2025.

The Karachi Cotton Association also clarifies that the Spot Rates of Cotton being quoted by some quarters in their vested interest in the name of the Karachi Cotton Association in various Social Media Groups and other platforms are illegal, uncalled for and leading to misguide the Cotton Traders, Banks and Insurance Companies.

The Karachi Cotton Association is not responsible for the Spot Rates of Cotton being quoted illegally by some quarters in the name of the Karachi Cotton Association in various Social Media Groups and other platforms.

The Karachi Cotton Association reserves a right to take legal action against the operators of Social Media Groups and others concerned with this illegal activity.

Copyright Business Recorder, 2026