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Related Keywords: backbone of industry, direct and indirect exporters, discriminative policies, high input cost, imported yarn, indirect traders, Pakistan Weaving Mills Association, Pakistani weaving sector, shortage of cotton, suffering and on the verge of collapse, trading activity, who supply goods to exporters

Pakistani weaving sector, due to the discriminative policies of the government are suffering and almost on the verge of collapse, especially indirect traders who supply goods to the exporters.

According to Asif Siddiq, founding member and patron-in-chief of Pakistan Weaving Mills Association, exporters have been allowed to import yarn at zero percent duty and no income tax and sales tax while the indirect exporters have to pay 15 percent custom duty and one percent income tax.

Related Keywords: amid firm physical price, bargaining prices, Cotton market, Ginners, KCA. spot rate stood unchanged, majority buyers bought second grade lint, remains selective, textile sector, trading activity, trading session. cotton bales

Trading activity at the cotton market remains selective amid firm physical price. Floor brokers said that majority of buyers bought second grade lint on bargaining prices at around Rs 6,425 per maund during the trading session. Around 960 cotton bales changed hands.

The Karachi Cotton Association (KCA) spot rate stood unchanged at Rs 6,250 per maund.

A senior trader, Ghulam Rabbani said that leading buyers were ready to pay premium price for fine grades and the ginning units in Sindh and Punjab stations were maintaining quality on demand from textile made-up and yarn sector.

Related Keywords: considerable slow, diverted buying towards Indian cotton, fearing long delay in payments, ginners reluctant to enter into big deals, Holiday mood, leading spinning groups, local market under the grip, slow arrival of quality cotton, slowing down business, trading activity, world cotton market

As the holiday mood prevailed in world cotton markets, the local market have also come under the grip of general lethargy, slowing down business deals to a very low level, brokers added.

Due to Christmas and New Year holidays trading activity has slowed down in world leading cotton markets, this has also reflected on domestic market. Ahead of bank closing, ginners were reluctant to enter into big deals fearing long delay in payments against their deals Keeping trading activity considerable slow on Monday at cotton market in Pakistan.

Related Keywords: Cotton market, global trend, heavily overshadowed, heavy smog, influence of global trend, Karachi Cotton Association, large number of spinning units in China, sentiment at domestic market, slowed down, spot rates unchanged, temporary shutdown, trading activity

The global trend heavily overshadowed sentiment at the domestic market, particularly the temporary shutdown of a large number of spinning units in China due to heavy smog, Under the influence of global trend, trading activity on the cotton market on Wednesday slowed down. The Karachi Cotton Association spot rates also remain unchanged.

Spinners generally preferred to abstain owing to slow off-take of yarn and textile goods. Barring needy spinners who indulged in short covering, the market remained devoid of activity.

Related Keywords: buying spree, cotton bales, cotton imports from India, cotton yarn, exporters, KCA, Leading spinners, Pakistan cotton market, phyto sanitary certification, pushing prices higher, rising demand for quality cotton, spot rate rise, Textile Industry, trading activity

Trading activity at Pakistan cotton market witnessed rising demand for quality cotton pushing prices higher on Thursday where leading spinners and some exporters remained in the front of buying spree.

The Karachi Cotton Association’s spot rates saw rise by Rs50, to Rs6,300 per maund (around 37 kilograms).

Buyer remain under panic due to confusion over cotton imports from India and indirect ban based on reports that Indian cotton shipments failed to fulfil phyto-sanitary certification, threatening the $822 million-a-year trade.

Related Keywords: accumulate maximum stock, bullish, cheap Indian yarn, cotton imports from India, cotton prices remained higher, cotton yarn imports, gain momentum, Leading spinners, Pakistan cotton market, quality cotton, remove indirect ban, striking big lot deals, trading activity

Trading activity at Pakistan cotton market remained bullish with leading spinners indulged in striking big-lot deals to accumulate maximum stock of quality cotton which was still available in abundance though first picking is about to come to an end. As a result, cotton prices remained higher, brokers said.

Buyers were not ready to give up their buying drive in order to build up their stocks, although there were rumors in the trading ring that the government may remove indirect ban on cotton imports from India.

Related Keywords: Cotton market, helping rates to go up, higher rates, official spot rate gained further, other mills continued buying of fine quality, rates of phutti also inert, ready business, showed no change, Sindh seed cotton prices, some leading mills kept on the sideline, tight supply position, trading activity, witnessed a bullish trend persisting

Trading activity at cotton market witnessed a bullish trend persisting on Tuesday. The official spot rate gained further Rs 50 to Rs 6450 while, in Sindh seed cotton prices showed no change at Rs 3400 and 3500 per 40 kg, respectively, In Punjab, rates of phutti also inert at Rs 3400 and Rs 3600, dealers said.

In ready business, more or less 6,000 bales of cotton changed hands between Rs 6650 and Rs 6900, they said.

According to the market sources, some leading mills kept on the sideline due to higher rates, in the meantime, other mills continued buying of fine quality.

Related Keywords: Cotton market, cotton prices, expected rise in phutti supply, may pick up in coming days, official spot rate unchanged, participants busy exchanging Eid greetings, post holiday sesssion, rates may not move up sharply, remained firm, trading activity

Prices at the cotton market remained firm during the post holiday session on Saturday, dealers said. According to the market sources, holiday mood persisted as almost all participants were busy in exchanging Eid greetings.

The official spot rate was unchanged at Rs 5,800, while in Sindh and Punjab, prices of seed cotton were at Rs 2700-3100, per 40 kg, respectively.

In ready business, around 1000 bales of cotton changed hands between Rs 6050 and Rs 6100, dealers said.

Related Keywords: buyers and sellers entangled in price war, cotton bales, Cotton market, KCA, production of lint in ginneries of Sindh and Punjan, remained firm, remained moderate, strong spot rate amid higher demand for fine grades, trading activity

The trading activities remained firm in cotton market with strong spot rate amid higher demand for fine grades, traders at Karachi Cotton Association (KCA) said on Friday. The buyers and sellers were entangled in price war while deals for all grades changed hands on competitive prices in Sindh and Punjab stations at around Rs 5,000 per maund to Rs 5,400 per maund while production of the lint in the ginneries of Sindh and Punjab remained moderate, however around 3,960 bales were produced, floor brokers said.

Related Keywords: buyers reluctant to make sizeable deal, cotton bales, ginning units, KCA, Lint market, on grade issue, remained lean, Spinners, spot rate, textile sector, though price low, trading activity

Trading activity remained lean as buyers were reluctant to make any sizeable deal though price was low at the lint market on grade issue, floor brokers said. Some spinners finalized deals of fine type to meet immediate need and around 200 bales changed hands.

The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,300 per maund. The volumes were slow with traders purchased just 200 cotton bales in the ready market of Sindh and Punjab at Rs 4,950 per maund to Rs 5,450 per maund.