Related Keywords: Gas Infrastructure Deve¬lop¬ment Cess, KCA, lack of buying, moved lower, Pakistan cotton prices, reduced activity, second consecutive session, second straight session, spinners disappointed, spot rates reduced, textile processing industry
Pakistan cotton prices for the second consecutive session moved lower. On Tuesday, cotton prices came under pressure due to lack of buying interest. The Karachi Cotton Association (KCA) also reduced its spot rates for second straight session by Rs50, to Rs5,400 per maund.
Disappointed over the Gas Infrastructure Deve¬lop¬ment Cess (GIDC) Act, 2015, spinners reduced their activity.
