NEW DELHI/ISLAMABAD: Seasonal floods across South Asia have largely spared summer crops this year, helping meet output targets for key rice and cane harvests, but Pakistan could import more cotton after losing about two million bales of the fibre to rains.
KARACHI: Cotton rates decreased over cautious trading mode adopted by the mills and spinners on Thursday as buyers indulged in range bound activities to observe the latest developments in the market.
KARACHI: Pakistan cotton prices increased with improved volumes during trading session on Tuesday. Rates are expected to stay firm at current levels due to decline in unsold stock. In case of further increase in demand, rates may go up.
KARACHI: Traders participated in active trading on Monday over the news that State Bank of Pakistan has reduced policy rate by 150 basis points to 12 percent.