Dull trading was seen at the Karachi Cotton Exchange on Saturday, while spot rates continued to remain unchanged at Rs7,500/maund (37.324kg) and Rs8,038/40kg.
Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.
A total of four transactions were recorded of around 2,500 bales only at a price of Rs6,900 to Rs7,800/maund. Of these, 1,000 bales each were recorded from Rahimyar Khan and Haroonabad, 440 bales from Mianwali and 800 bales were traded from DG Khan.
Naseem Usman, chairman of the Karachi Cotton Brokers Association, said that after issuance of an SRO regarding cut in the sales tax and Customs duty on cotton imports, buyers remained on the sidelines themselves from buying local cotton. Prices of cotton and yarn in the local market have dropped.
Xefco has successfully secured US$6.9m in funding to advance the commercialization of its groundbreaking water-free textile dyeing and finishing solution.
Researchers are exploring mushroom roots, mycelium, as a sustainable alternative to synthetic fibers in various products, including clothing and car…
Coachtopia has partnered with upcycle designers worldwide to give a fresh look to its popular Ergo bag, highlighting sustainability through…
France announced that the G7 will focus on tackling the environmental and climate effects of the fashion and textiles sector…
Hologenix and DAGi are teaming up to introduce a new line of eco-friendly sleepwear featuring CELLIANT® Viscose fabric that helps…
Stratasys has unveiled a direct-to-garment printing solution to revolutionize consumer clothing, enabling colorful, 3D-printed designs onto existing garments.