Trading activity failed to pick up even after the government’s move to withdraw five percent duty exemption on import of cotton yarn. Cotton trade remained low at the local markets which were against the trader’s expectation as they hoped to see to boost after imposition duty on import of cotton yarn.
The Karachi Cotton Association (KCA) reported few deals exchanging hands, 500 bales of cotton from Akri (Khairpur) at Rs 5300, 300 bales from Korandi (Khairpur) at Rs 5500 and 708 bales from Lodhran at Rs 6350. In the session, around 1500 bales of cotton changed hands between Rs 5300-6350 per maund as compared to 2,300 bales traded at Rs5,200 to Rs6,400 per maund on Saturday
Meanwhile, the KCA continued to keep its cotton spot (benchmark) rate unchanged for the fifth working day at Rs6,400 per maund.
There were several expectations that business will improve after the Economic Co-ordination Committee (ECC) decision, but it failed to improve business sentiment as was expected.
CARBIOS, a leader in biological technologies for textiles, celebrated the start of construction for the world's first PET biorecycling plant…
Research team at Vienna University is investigating the application of filters crafted from cellulosic waste to eliminate harmful dyes from…
The LYCRA Company has joined forces with Qore, a collaboration between Cargill and HELM, to make the world’s first large-scale…
Pakistani denim manufacturer Soorty has partnered with zero-waste designer Decode to create a modern and sustainable version of the jumpsuit…
Puma released its new Re: Suede 2.0 sneaker after a successful trial study which showed that the footwear could be…
A new supply chain rule, endorsed by the European Parliament, is set to enhance labor and environmental standards in the…