KARACHI (March 01, 2010): As per Pakistan Cotton Ginners Association (PCGA), cotton arrivals reached 12.62mn bales as against the government's revised target of 12.7mn bales for the prevailing season. Despite such high levels of production, cotton prices at the local market touched an all-time high of Rs5,650/maund.

KARACHI (March 01, 2010): Rising price trend was marked on the cotton market additionally hit by price trend abroad - achieving a record high at Rs 5,500 on the opening day, while closing price was seen at Rs 5,750 and the spot rate at all time high Rs 5,600.

KARACHI (February 27, 2010): Falling trend in the unsold stock and persisting rise in the NY cotton futures pushed the rates further higher on the local cotton market on Friday, dealers said. The Karachi Cotton Association (KCA) official spot was shot up sharply by Rs 150 to Rs 5600, dealers said.

LAHORE (February 27, 2010): All Pakistan Textile Mills Association (Aptma) has expressed extreme dismay at further tightening of the quantitative restrictions on export of yarn at 35,000 tones per month from 50,000 tones effective from March 01 to June 30, 2010. It also condemned for the inability of the Ministry of Textile Industry to play a non-partisan and balanced part in the decision making.

KARACHI (February 27, 2010): Demanding quota-free export of cotton yarn, the spinning sector has urged the government not to disturb the free market mechanism, as it would hurt the value-added textile sector badly. Addressing a press conference here on Friday.

LAHORE (February 26, 2010): Cotton prices soared to new heights achieving peak performance on Thursday smashing all previous records as incessant increase in yarn prices, fast diminishing domestic supply of cotton and high levels of fibre values achieved by ICE cotton futures in New York all huddled together to impart bullish fervour to the commodity.

KARACHI (February 26, 2010): Rising trend persisted on the cotton market on Thursday as most of buyers were busy in forward purchasing, dealers said. The Karachi Cotton Association (KCA) official spot rate was up by Rs 100 to Rs 5450, dealers said. In the ready business over 2000 bales of cotton changed hands in the range of Rs 5500-5700. Phutti prices in both the Punjab and Sindh were at Rs 2400-2700, they added.

ISLAMABAD (February 26, 2010): The Ministry of Textile Industry has barred the State Bank of Pakistan from making payment under duty drawback of local taxes and levies scheme to any claimant of textile sector without permanent registration certificates. The Textile Ministry had issued notification for implementation of the policy on September 1, 2009 under duty drawback of local taxes levies order 2009, notification No 3 (1) TID/08-P-I.

LAHORE (February 26, 2010): Women workers comprise on average 20 percent of the workforce in the value-added textile sector, said a UNDP survey of 150 value-added textile units in Karachi, Lahore and Faisalabad. However, said the report, this is an over-estimate on account of purposive sampling to limit all make units to be no more than 20 percent.

ISLAMABAD (February 26, 2010): Government has decided to provide incentives to ensure availability of cotton yarn in the local market by reducing income tax rate and extending refinancing facility on import of yarn. The incentives will be provided for a period of four months till June 30, 2010, Business Recorder learnt reliably.