Pakistan – Cotton: business volume satisfactory
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The local cotton market on Friday remained steady, and the trading volume remained satisfactory.
A cotton analyst told Business Recorder that the rate of cotton in Sindh is between Rs 18,000 and Rs 18,500 per maund, while Phutti in the province is trading between Rs 8,300 and Rs 9,000 per 40 kilograms.
In Punjab, cotton rates stand between Rs 18,300 and Rs 18,700 per maund, with Phutti fetching between Rs 8,500 and Rs 9,300 per 40 kilograms.
The rate of cotton in Balochistan is between Rs 18,300 and Rs 18,400 per maund. The rate of Phutti is Rs 8,300 to Rs 9,200 per 40 kg. The rate of Polyester Fiber is Rs 445 per kg.
The Spot Rate remained unchanged at Rs 18, 400 per maund.
Reference Link:- https://www.brecorder.com/news/40443498
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
