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Cotton prices stabilizing with renewed buying interest

Related Keywords: Cotton market, cotton prices, fairly moderate activity, Ginners, import options, Karachi Cotton Association, replenished stocks at lower level, revival of buying interest, Spinners, spot rates unchanged, substantial export orders, trading ring

Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

Pakistan textile industry cannot celebrate announcement of textile policy with energy issue unaddressed

Related Keywords: APTMA, energy supply, Heimtextile exhibition, imposed regulatory duty, new textile policy, Pakistan announced, Punjab based textile industry, SNGPL restricted gas supply, substantial export orders, textile export

With the new textile policy 2014-19 being announced, according to All Pakistan Textile Mills Association chairman S M Tanveer taking the textile exports to $26 billion in next five years would remain a dream in case the energy supply remained situation dismal, particularly in Punjab and hence the proposal to make availability of electricity at 8 cents per unit for feasibility of textile industry in Pakistan has been put forward.

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