Related Keywords: cotton tender, domestic market, failed to attract single bid, impose of ten percent advance tax, offload cotton stock, reluctant to procure cotton, scrap the tender, textile mills and traders, Trading Corporation of Pakistan
Trading Corporation of Pakistan (TCP) once again at its sixth cotton tender announced to offload cotton stock procured from the domestic market to facilitate the farmers did not fetch a single bid. It failed to attract textile mills and trader for cotton procurement, textile mills were reluctant to procure cotton from the state-run grain trader. Previously , TCP not received a single bid in the fifth cotton tender too, which was opened on September 14, 2015.
