Dull trading was witnessed at cotton market on Tuesday by Karachi Cotton Exchange, the spot rates continued to remain unchanged. According to traders, the activity remained slow in the market, waiting the government to announce textile package on Tuesday.
The spot rates stood firm at Rs6,350/ maund (37.324kg) and Rs6,805/40kg while the Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
KCE recorded domestic transactions of around 3,000 bales in between Rs6,150/maund to Rs6,625/maund.
Transactions were recorded from Mirpurkhas in Sindh and Mianwali, Khanewal, Kachiwala, Fort Abbas, Ahmedpur and Vehari in Punjab.
In the textile package announced by the federal government, four percent Customs duty was removed on import of raw cotton, while sales tax on import of textile machinery was also taken back.
Tokyo-based Teijin Frontier has developed a new multi-functional textile for sports and outdoor clothing that offers improved comfort and cooling…
In a major step towards reviving Telangana’s handloom traditions and environmentally responsible fashion, BRS Working President launched Singidi Collective.
The latest Mini models make wide use of recycled knitted fabrics in their interiors, combining simplicity, sustainability, and modern aesthetics.
BRM, a leader in the design and manufacturing of engineered woven fabrics, has highlighted its advanced webbing solutions developed for…
Himachal Pradesh has announced a new policy to encourage regulated cultivation of industrial hemp, promoting plans for sustainable textiles products.
Zhejiang Yanpai Filter Technology has placed a new order with Andritz for two additional high-performance needlepunch production lines.