Archive · Business Recorder
Weekly Cotton Review: Spot prices fall by Rs300/maund amid fresh pressure
KARACHI: Cotton prices came under fresh pressure in the local market, with the spot rate falling by Rs300 per maund. Prices also weakened in New York. Pakistan’s textile industry remains in serious difficulty, and the power loom sector is in deep crisis, with industry sources saying 40 to 50 per cent of looms have shut down, leaving hundreds of thousands of workers jobless. Sajid Mahmood said the Pakistan Central Cotton Committee (PCCC) is neither defunct nor inactive and continues to operate. The real problem, he argued, is not its performance but a severe financial crisis hampering its work....
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →