The price of cotton in Sindh is 16,500 to 18,200 rupees per maund according to the quality, and the price of cotton is 7,000 to 8,600 rupees per 40 kg.
Saturday 16 November 2024
KARACHI (News International Newspaper Latest - NNI. November 16, 2024) In the local cotton market, the price of cotton overall increased during the last week. There was a mixed trend. The New York cotton market was bearish. Standard cotton is decreasing day by day, although there is a tendency to increase the price of standard cotton, but because the price of generic cotton is increasing. Mixing of standard and non-standard cotton is making the standard cotton lighter due to which the spinners have reduced the purchase. As a result, the business is getting relatively low, which is one reason why a large group of spinners have increased their interest in imported cotton.
Due to the decrease in the arrival of phati day by day, genners are making and selling miss cotton while they are interested in stock by making it from quality phati. They hope that the price of standard cotton is expected to increase in the future, but on the other hand, the price of imported cotton is decreasing due to which Large groups of textile spinners are shifting towards imported cotton.
According to the sources, the increase in non-standard phti does not mean that there is no backward phti in the fields. Factories are closing down. Many mills are buying cotton on credit basis due to severe financial crisis in the market. On the other hand. The crisis in the textile sector continues, especially the energy problem is not resolved. Cotton yarn is also being imported in large quantities.
New York cotton prices are cold market due to increase in US dollar price, cotton prices are high. Pakistan is the largest importer of American cotton. On the other hand, PCCC has been continuously complaining that APTMA has not paid Cotton Cess for many years. PCCC Vice President Yousaf Zafar has complained to the National Assembly Standing Committee on MNFSR.
The price of cotton in Sindh province was Rs 16,500 to Rs 18,200 per maund according to the quality, while the price of 40 kg of cotton was Rs 7,000 to Rs 8,600 in Punjab province. The price was Rs 17,800 to Rs 18,200 and the price of cotton was Rs 7,300 to Rs 8,800. In Balochistan, the price of cotton was Rs 17,300 to Rs 18,500 and the price of cotton was Rs 7,800 9000 rupees. The spot rate committee of Karachi Cotton Association reduced the spot rate by 200 rupees and closed the spot rate at the price of 17800 rupees per maund. Naseem Usman, chairman of Karachi Cotton Brokers Forum, said that the price of New York cotton was down, and the price of cotton was down. Running from 69 to 70 American St. According to the USDA's weekly export and sales report, 153 thousand 300 bales were sold for the year 2024-25.
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Access to financial resources should be made easier for women entrepreneurs, Mian Abuzar Shad
Saturday 16 November 2024
Lahore (News International Newspaper Latest - APP. November 16, 2024) The government and financial institutions should create special policies for women associated with the business sector and facilitate their access to financial resources so that they can play their full role in economic development. He expressed these views while addressing a seminar organized in connection with Women Entrepreneurship Day which was organized by Lahore Chamber in collaboration with United Bank.
Amina Randhawa and Firdous Nisar, executive committee members of Lahore Chamber, made special efforts to organize this event. The chief guest of the seminar was Mian Abuzar Shad, President of Lahore Chamber, while District Head of United Bank Syed Amir Abbas, Khawaja Waqas, Amina Mohsin, Tayyab Masood and others also spoke.
A large number of women entrepreneurs and business leaders participated in the seminar and discussed the challenges and opportunities faced by women-led businesses.
In his address, Mian Abuzar Shad appreciated the efforts of Amna Randhawa and Firdous Nisar and said that women entrepreneurs play an important role in the economic development of Pakistan. He emphasized that empowerment of women is essential for sustainable development and Lahore Chamber is taking all possible steps to make women successful. Obstacles must be removed.
He emphasized the need to provide solutions that would ensure their faster development. Firdous Nisar said that all stakeholders should work together to create a supportive environment for women entrepreneurs. He said that the efforts of Lahore Chamber are not only limited to access financial resources but also aim to empower women to lead and play an important role in the economy. United Bank representatives gave a detailed briefing on financial products for women entrepreneurs.
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