Related Keywords: budget, cotton bales, exports of textile sector, incentives announced to textile sector, mills continue to buy, Pakistan cotton market, prices showed modest recovery, ready session, revival of zero-rating regime, seed cotton prices, show visible improvement, spot rate recovered
At Pakistan cotton market on Saturday prices showed modest recovery with mills continuing to buy following the incentives to the textile sector, announced in the budget 2016-17, dealers said. In ready session, around 1000 bales of cotton changed hands between Rs 5400-5600.
The official spot rate recovered by Rs 50 to Rs 5,600, dealers said. While, in Sindh, seed-cotton prices were at Rs 3000-3100, per 40 kg.
