By Naseem Usman
KARACHI: The cotton market has shown overall stability in prices, with an improvement in trade volume recorded. However, recent rains in Punjab have disrupted cotton trade. Meanwhile, the market awaits the government鈥檚 notification regarding the Export Facilitation Scheme (EFS).
Experts report that Pakistan鈥檚 cotton production has sharply declined due to unfavorable weather conditions and government policies, dropping from a record 15 million bales to just 5.5 million bales.
Chairman Pakistan Cotton Ginners Forum Forum Ahsan ul Haq expressed concern over the situation, stating that this decline is severely impacting the country鈥檚 foreign exchange reserves.
Amid these developments, the Pakistan Central Cotton Committee Cotton Committee (PCCC) and the All Pakistan Textile Mills Association (APTMA) have reached an agreement on the issue of cotton crop residues. Additionally, the Punjab government has set an ambitious target for cotton production this season, aiming to produce 6 million bales.
The lo