With majority of textile mill-owners staying busy with year-end closing activities trade turnover of cotton remained at two months low at 3,200 bales (of 155 kilogram each), said dealers on Saturday.
The Karachi Cotton Association reported traders bought 3,200 bales at Rs4,900-5,500/maund (37.324 kilogram) as compared to 11,635 bales bought at Rs4,900-5,600/maund on the previous working day (Wednesday).
According to Naseem Usman, a broker at Karachi Cotton Exchange, the trade activities would remain close next week as well with textile mill-owners busy clearing {cotton} import payments of banks ahead the year-end closing on December 31. Increased buying may take place only next year {January 2016}.
In fact the outgoing week witnessed depressed buying due to additional holidays on accounts of 12th Rabi-ul-Awal and Quaid-e-Azam birth anniversary on Thursday and Friday, respectively
TJX Companies has decided to remove natural fur from its collections, including angora, which comes from rabbits, and mohair, which…
The government of Bangladesh has introduced a detailed and multi-level plan to increase jute production and improve its quality.
Eastman introduced Naia™ Lyte, a new cellulose acetate filament yarn, at the Intertextile Shanghai Apparel Fabrics Spring/Summer 2026 exhibition.
Ecco, Spinnova have introduced the Ecco BIOM 720 shoe. This product is unique as it uses leather by-products that are…
Xefco has deployed its Ausora system, marking the first time a waterless plasma textile dyeing machine has been deployed at…
trinamiX is helping manufacturers, recyclers, sorters, and brands improve material identification through its mobile near-infrared spectroscopy technology.