Related Keywords: APTMA going on strike, delay in announcement of relief package by the government, forward buying, mills and spinners, moderat trading activity witnessed, Pakistan cotton market, price fall
The Pakistan cotton market on Tuesday witnessed moderate trading activities as the members of the All Pakistan Textile Mills Association (APTMA) are going on strike against delay in announcement of relief package by the government.
The official spot rate remained unchanged at Rs 5200 while in the ready business, over 16,000 bales of cotton changed hands between Rs 4600 and Rs 5400, dealers said. In Sindh, seed cotton prices were unchanged at Rs 2500 and Rs 2700 and in Punjab prices were at Rs 2500 and Rs 2800.
