Related Keywords: declined, declined by hundred rupees per maund, domestic mills facing payments problems, import of cotton and yarn, KCA, local cotton markets in Pakistan, Pakistani millls form India, Plenary meeting of ICAC, price of better quality of lint, prices of lower grades of seed cotton, spot rate, textile circles, Trading activity slow
Trading activity on the local cotton markets in Pakistan has been slow as a tight money market in Pakistan with several domestic mills reported to be facing payments problems. Indeed imports of cotton and yarns by Pakistani mills, significantly from India, have also been reported. Textile circles reported that the industry has been in trouble since a long time now.
Inappropriate tax laws, delay in refund payments and continuing energy shortages like gas and power have been largely hampering the functioning of the Pakistan textile industry.
