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Related Keywords: badly affected, buyers remained selective on grade issue, during trading at lint market, fibre traders, illegal dumping of cloth by India, Karachi cotton exchange, prices remained firm, spot rates remained unchanged, textile market, trading activity remain dull on Wednesday

At the Karachi Cotton Exchange, trading activity remain dull on Wednesday as buyers remained selective on grade issue during trading at lint market while prices remained firm, fibre traders said.

The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Cotton crop production targets during the season were fixed at 14.40 million bales as against the production targets of 14.1 million bales of last year.

Related Keywords: Acting Chairman, announce the remaining part of the textile package, APTMA, badly affected, by surge in import of man made fobre yarn, competitors of Pakistan textile industry, fabrics, Pakistan is facing highest energy cost, Pakistan local textile industry, producing at comparatively lower energy cost, safeguar domestic industry, Shahid Mazhar

Pakistan local textile industry badly affected by the surge in import of man-made fibre (MMF) yarns, including polyester, acrylic and fabric, in the domestic commerce. The import of MMF yarns has surged to 72,300 tonnes in 2014-15 against 47,700 tonnes in 2012-13. Similarly, the import of fabric made from MMF yarns has also reached to 562,000 square metres in 2014-15 against 180,000 square metres in 2012-13, according to the Acting Chairman Shahid Mazhar of All Pakistan Textile Mills Association (APTMA) Acting Chairman Shahid Mazhar.

Related Keywords: associated with silk farming business, badly affected, mulling to give up trade, nexus between sericulture department, production of silk, rates set by national trend, rearing silkworms, sharp plummet in rates of silk worms, silk reelers, South Kashmir people

South Kashmir people associated with the business of silk farming, that is rearing of silkworms for production of silk are badly affected due to sharp plummet in the rates of silk worms. The annual production cost has sharply dropped due to the “nexus’’ between the sericulture department and the silk reelers.