Tag: Cotton

The widespread adoption of biotech cotton in Pakistan is expected to reduce the usage of insecticides sprays, exposure of farm laborers to insecticides, ensure...

Pakistan became the eighth largest cultivator of genetically modified cotton planting on 2.4 million hectares in 2010. The year saw approximately 600,000 cotton farmers...

Pakistan loses cotton crop worth $8 billion every year and wastes some 30 million acre foot (MAF) of water because of poor farming practices...

Sindh province has so far achieved 28 percent of proposed cotton cultivation targets while cotton sowing has increased by 164 percent compared to same...

The Securities and Exchange Commission of Pakistan (SECP) on Friday approved introduction of futures contract in cotton to the Pakistan Mercantile Exchange Limited (PMEX)....

The Securities and Exchange Commission of Pakistan (SECP) on Friday approved introduction of futures contract in cotton to the Pakistan Mercantile Exchange Limited (PMEX)....

ISLAMABAD - The government plans to explore rain fed (Barani) areas for enhancing cotton cultivation as the All Pakistan Textile Mills Association (APTMA) has offered complete financial support for boosting the cotton production to 20 million bales during the next few years. According to an official source, the offer was made by the conglomerate of textile exporters at the meeting of the specially formed committee to enhance cotton production. APTMA representatives stressed enhancing

KARACHI - The second half of the financial year bodes well for both Nishat Mills Limited (NML) and Nishat Chunian Limited (NCL) as cotton prices are likely to grow robustly in the local and international market. According to the Cotlook A Index and Karachi Cotton Association, cotton prices are currently hovering around $2.28 per pound and Rs 12,500 per maund, respectively.
Timely investment in cotton during the buying period (September-December) for both companies has allowed

FAISALABAD - A security guard was killed by the dacoits who forced an entry into a cotton yarn warehouse of in Dost Street at Maqbool Road in the jurisdiction of Batala Colony police at midnight.
Reportedly, 20 dacoits entered the warehouse and took the staff hostage at gunpoint, took their mobiles and wallets and detained them in a room. During the robbery, one of the watchmen, Mati Ullah son of Khushi Muhammad attempted to shout for help, but he was overpowered by the

KARACHI - Despite the PM's visit to India, the expected benefits of cricket diplomacy for the textile sector have not yet materialised. India has refused to support Pakistan's claim to an EU-sponsored package for additional trade quotas for 75 textile products in the WTO (World Trade Organisation).
The ongoing cotton rally witnessed in the past year exceeded expectations globally, reaching a high of $2.44 per pound (Cotlook-A) and Rs 13,932 per maund (KCA), although the

ISLAMABAD - Pakistan is eyeing record cotton production of over 15 million bales in the 2011/12 crop year as farmers sow a wider area after domestic prices more than doubled from a year ago, government and industry officials said on Tuesday.
Cotton and textile account for about two-thirds of the country's exports and a healthy cotton crop is vital to economic growth, which is expected to slip to around 2.75 percent in the current financial year to June, because of flood

ISLAMABAD - The government is considering setting up an autonomous body, the Pakistan Cotton Board, on the basis of public private partnership in a bid to double domestic cotton output within the next few years. An official source revealed that the committee on cotton constituted by President Asif Ali Zardari met under the former Agriculture Minister Nazar Mohammad Gondal. The meeting was attended by Federal Ministers, Mir Israrullah Zehri and Makhdom Shahabuddin and representatives

LAHORE - After concerted effort on the part of Prime Minister Yusuf Raza Gilani, the Uzbeki government has agreed to provide one million cotton bales to Pakistan up to June 30, 2011.
All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz noted that the Uzbeki government has agreed Pakistan government to provide up to one million cotton bales to Pakistan on purely business terms. According to him, no such import of cotton has ever taken place from Uzbekistan to

KARACHI - Cotton output, up till March 15, has declined by an annual 8.7 percent, standing at 11.57 million bales compared to 12.68 million bales in the corresponding period last year, figures released by the Pakistan Cotton Ginners Association (PCGA) revealed. Cotton output increased by an annual 165 percent and reached 72,000 bales. Punjab has contributed 67 percent (7.78 million bales) in total cotton arrived so far, while Sindh has contributed 33 percent (3.79 million bales)

LAHORE - The prices of garments have doubled in the last year on the back of soaring cotton prices giving an edge to national exports, the stakeholders of textile and agriculture sector told Pakistan Today on Wednesday. The price of cotton in the course of a single year doubled and resulted in an increase of production costs for all types of garments including denim, shirts, socks and other items. The price of cotton stood at Rs 12,620 per 37.32 kg with one kg cotton costing around Rs

LAHORE - Pakistan should look to approach Central Asian (CA) states if India does not export one million cotton bales to Pakistan. Pakistan can touch exports of $70 billion if needs of the textile sector are properly addressed. This was stated during an interaction session between APTMA, Trade Development Authority Pakistan (TDAP) Chairman Tariq Puri and Federal Secretary Commerce Zafar Mehmood, held at the head office of the All Pakistan Textile Mills Association (APTMA) on

LAHORE - Efforts will be made to bring more land under cotton cultivation this year for which unprecedented prices are being offered to farmers, Punjab Agriculture Secretary Arif Nadeem said on Saturday. He was chairing a meeting on cotton crop 2011 at the Central Cotton Research Institute, Multan. Nadeem said that the Punjab Agriculture Department has finalised a plan to increase cotton production this year. The secretary said that there will be a special focus on the pre-sowing and