Join our Whatsapp channel LAHORE: A nearly 10 per cent increase in phutti( raw cotton) arrivals in

This has led to a sharp decline in the prices of local cotton and un-ginned cotton( phutti

Join our Whatsapp channel LAHORE: Despite the early commencement of the new cotton ginning season in the second week of May — a first in the country’s history — concerns are mounting that the cotton industry could face its worst economic crisis ever. This apprehension stems from the tax-free import of raw cotton and yarn, which threatens the viability of the local industry. Industry insiders fear that during the crop year 2025-26, cotton ginning and textile sectors may operate at less than 50 pe

As the textile industry worldwide, and Pakistan in particular, starts reviving after surviving the peak of the Covid-19 crisis, the cotton crop seems to be on a revival course as well.... The ever-dwindling value of the rupee not only doubled the impact of import for Pakistani millers but also made it next to impossible to calculate the final cost of production, rendering import commercially non-feasible for the industry.... It takes more than 120 days to ship cotton to Pakistan these days, ag