[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]During the current season, Pakistan has effectively shipped a minimum of 125,000 cotton bales, predominantly bound for China, Vietnam, and Indonesia.
As per a national daily report, all transactions were secured by a sole cotton ginner from Sindh, Dr. Jasso Mal. The present season’s export volume marks a substantial improvement, fostering optimism for maintaining a similar quantity in the upcoming period.
The positive shift observed today is credited by ginners to the combination of improved lint quality and favorable conditions in international markets, attracting foreign buyers to Pakistani cotton.
Ihsanul Haq, Chairman of the Cotton Ginners Forum, emphasized the enhanced crop quality due to the absence of traditional rains in most cotton-growing regions. Simultaneously, the devaluation of the rupee has heightened the competitiveness of local cotton.
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While cotton exports may have achieved a record, challenges persist in Punjab, including a severe whitefly infestation causing a decline in lint yield and environmental pollution, impacting overall potential.
The Chairman urged the government to reconsider imposing heavy taxes on the textile sector, citing the industry’s struggle with unprecedented gas and electricity tariffs, as well as high mark-up rates. He expressed concern over the operational status of 60% of textile mills and fears that the local industry may struggle to consume even nine million bales of cotton.
In contrast, the previous seasons were lackluster, with only 4,900 bales in 2022-23, 16,000 bales in 2021-22, and 70,200 bales in 2020-21.[/vc_column_text][/vc_column][/vc_row]
