cotton prices rise
|

Cotton prices rise further across Pakistan

 

Cotton prices have continued their upward movement in Pakistan, with rates increasing by Rs500 per maund as the market remains firm amid changing supply and demand conditions.

According to Ehsan-ul-Haq, chairman of the Exchange Ginners Forum (EGF), the price of cotton in Punjab has risen to Rs19,300 per maund, while rates in Sindh have reached Rs18,400 per maund.

The latest increase highlights the continued volatility in the domestic cotton market, where prices have been fluctuating in response to market activity and the availability of quality cotton. Ginners and traders are closely monitoring the situation as changes in supply and buying interest continue to influence prices across major cotton-producing regions.

Punjab and Sindh remain key cotton-producing areas in the country, and movements in prices in these provinces often have a direct impact on the wider textile and agricultural sectors. The textile industry, one of Pakistan’s major economic sectors, relies heavily on a steady supply of locally produced cotton to meet the demand for yarn and other textile products.

Ehsan-ul-Haq said the market could experience further fluctuations in the coming days. He noted that cotton prices may remain sensitive to changes in supply, demand and overall trading activity.

Market participants are now watching developments closely to assess whether the recent rise will continue or whether prices will stabilise after the latest increase. Any significant change in cotton availability or buying trends could lead to further movement in rates, adding to uncertainty for growers, ginners, traders and textile manufacturers.

The latest price increase comes at a time when stakeholders across the cotton supply chain are keeping a close eye on market conditions. Further developments in domestic trading activity are expected to determine the direction of cotton prices in the near term.

Similar Posts

  • | |

    Turkey submits bill to parliament aimed at reinteg…

    Turkey’s governing coalition put forward a draft law before parliament on Wednesday designed to secure lasting peace with the Kurdistan Workers’ Party, offering legal protection from prosecution to many former fighters and suspending prison terms for others. The legislation represents a significant step toward closing out an insurgency that has claimed more than 40,000 lives since 1984, deepened political divisions inside Turkey and spilled violence into neighboring Iraq and Syria over four decades. The bill aims to bring the long running conflict to a close in part by clearing the way for potentially thousands of former PKK fighters and civilians to return to Turkey from hideouts in northern Iraq. The measure carries support from a majority of lawmakers and is expected to clear parliament later this week, though public opinion polls suggest many Turks remain doubtful it will deliver a durable peace. Under the bill, Turkey’s national security council would confirm the group’s disarmament, while a dedicated committee, including the vice president, several cabinet ministers and the head of the MIT intelligence service, would supervise the surrender and disarmament of militants. That committee would then report on the process to a parliamentary oversight commission. According to the text of the legislation, the bill would suspend prison sentences for individuals convicted of PKK membership or of assisting the organization. It would also extend legal protection to fighters who were not involved in killings, provided they return to Turkey within six months of the law taking effect. PKK figures convicted of more serious offenses, including leading a terrorist organization or sentenced to aggravated life terms before 2005, would fall outside the scope of these protections and would not receive suspended sentences. That exclusion means PKK founder Abdullah Ocalan, who has been imprisoned since 1999 under an aggravated life sentence, would remain behind bars even as the broader peace process moves forward. Ocalan called on the PKK to lay down its weapons and dissolve last year, a call the group’s leadership accepted. President Tayyip Erdogan’s governing AK Party secured backing for the bill, formally titled the national solidarity and social integration law, from its nationalist ally the MHP as well as the pro Kurdish DEM Party. Most other parties in parliament, including the main opposition, have also expressed support for the legislation. DEM co chair Tuncer Bakirhan described the vote as an important first step, saying he hopes the process continues forward in a constructive direction. The peace initiative between Turkey, which fields NATO’s second largest army, and the PKK first got underway in late 2024. It nearly stalled earlier this year, however, as the war involving Iran raised fears of wider regional instability and diverted attention from the domestic peace effort. Turkey, along with the United States and the European Union, classifies the PKK as a terrorist organization. The group launched its armed campaign in 1984, initially demanding an independent Kurdish state in southeastern Turkey before later shifting its goals toward greater autonomy and expanded political rights for Kurdish communities within Turkey. The legislation now heads toward a parliamentary vote expected within days, marking one of the most consequential efforts yet to formally end a conflict that has shaped Turkish domestic politics and regional security dynamics for more than a generation.

  • | |

    MQM-P rivals move toward reconciliation 

    KARACHI: Signs of reconciliation have begun to emerge within the Muttahida Qaumi Movement-Pakistan (MQM-P) after a violent confrontation at the party’s Bahadurabad headquarters, with senior leaders initiating behind-the-scenes contacts to ease tensions and restore unity. Two days after the clash, senior party figures, including Federal Health Minister Syed Mustafa Kamal and Anees Qaimkhani, visited the party’s central office to discuss organizational affairs. Speaking to reporters, Mustafa Kamal rejected speculation of an internal power struggle, insisting that the party remained united despite recent events. According to sources, communication has been established between the two rival camps—one led by Mustafa Kamal and the other by Khalid Maqbool Siddiqui—in an effort to defuse tensions. A joint press conference is reportedly being considered as part of efforts to present a united front, although party leaders have neither confirmed nor denied the possibility. Notably, close associates of Siddiqui, who also serves as the party’s convener, did not attend the meeting at the headquarters. Despite the passage of two days since the confrontation, which reportedly involved a physical altercation and aerial firing, police have yet to register a First Information Report (FIR). Officials said no faction of the party has formally approached law enforcement to lodge a complaint. If neither side files a case, authorities are expected to register one on behalf of the state. Police sources said a draft FIR has already been prepared and is awaiting approval from senior officials before being formally registered. Meanwhile, law enforcement agencies have carried out raids and detained several MQM-P office-bearers and workers suspected of involvement in the violence. Officials said those currently in custody could face formal arrest once the FIR is registered, as investigations into the incident continue.

  • | |

    Pakistan intensifies efforts to secure release of …

      Deputy Prime Minister and Foreign Minister Ishaq Dar on Thursday chaired a high-level meeting to assess Pakistan’s ongoing efforts to secure the safe and early release of 10 Pakistani nationals being held hostage aboard the oil tanker MT Honour 25 after it was hijacked by pirates off the coast of Somalia. The tanker, which was operating under the Somali flag, was travelling from Oman to Somalia when it was seized by pirates on April 21. A total of 17 crew members were on board the vessel, including 10 Pakistani citizens. Since the incident, the families of the Pakistani hostages have repeatedly appealed to the government to intensify efforts for their loved ones’ safe recovery. During the meeting, officials briefed the deputy prime minister on the latest developments surrounding the hostage situation and the measures being taken to secure the release of the Pakistani nationals. Dar directed all relevant authorities and stakeholders to maintain close and regular coordination while further strengthening diplomatic efforts with both national and international partners. The foreign minister placed particular emphasis on continued communication with Somali authorities and relevant international organisations. He said sustained diplomatic engagement was essential to creating conditions that could facilitate the safe recovery and repatriation of the hostages. Dar also expressed solidarity with the families of the detained Pakistanis and assured them that the government was closely monitoring the situation. He stressed that all possible efforts were being made to achieve a positive outcome and expressed hope that ongoing diplomatic contacts would ultimately result in the safe return of all 10 Pakistani citizens. Last month, Dar spoke by telephone with his Somali counterpart, Abdisalam Abdi Ali, to convey Pakistan’s serious concern over the hostage situation. During the conversation, Dar emphasised the need to protect the health and safety of the hostages, secure their early release and ensure their safe return to Pakistan. The Somali foreign minister assured Dar that his government was continuing sincere efforts to help secure the hostages’ release as soon as possible. The latest meeting in Islamabad comes amid growing concerns about the deteriorating conditions reportedly being faced by the Pakistani nationals aboard the vessel. In video and audio messages, some of the hostages have described severe shortages of essential supplies. They said food and medicines had run out and claimed that they were receiving only one serving of boiled rice each day. They also reported that clean drinking water was no longer available, forcing them to consume contaminated water. According to the hostages, the lack of safe water has already caused illnesses among several crew members, further increasing concerns about their health. One hostage said their lives remained under constant threat and that gunfire could be heard almost every day in the surrounding area. The situation has renewed attention on piracy along Somalia’s coastline and its potential threat to international shipping. Somali pirate attacks reached their highest level in 2011, when armed groups operated as far as 3,655 kilometres from Somalia’s coastline. At its peak, Somali piracy posed a major threat to one of the world’s busiest maritime trade routes, disrupting commercial shipping and placing hundreds of seafarers at risk. Pakistan’s government is now seeking to strengthen diplomatic and international cooperation to ensure the safe release of the 10 Pakistani nationals. Authorities remain engaged with Somalia and other relevant stakeholders as efforts continue to bring the hostages home safely.

  • | | | | |

    Iran warns countries helping US they could also be…

    TEHRAN/BISHKEK: Iran has issued a stern warning to countries that may support any future US military action against the Islamic Republic, saying states that assist or facilitate such operations could also face consequences and be held responsible under international law. The warning came as Iranian officials claimed that a US missile strike targeted a naval headquarters belonging to the Islamic Revolutionary Guard Corps (IRGC) in the country’s northern Gilan province, although the allegation has not been independently verified. Speaking at a regional meeting in Bishkek, Iranian Foreign Minister Abbas Araghchi said any country participating in, assisting or enabling military aggression against Iran would bear legal and political responsibility under international law. “Those who cooperate with or facilitate any act of aggression against Iran will be held accountable,” Araghchi said, adding that Tehran reserves the right to take all necessary measures to defend its sovereignty and national security. His remarks underscore the increasingly confrontational rhetoric between Tehran and Washington amid heightened regional tensions and fears of further military escalation. Meanwhile, Iran’s state news agency IRNA quoted Gilan Deputy Governor Ali Bagheri as saying that US missiles struck an IRGC Navy headquarters located in the coastal area of Zibakenar early Friday morning. According to Iranian officials, the attack damaged equipment inside the military installation. However, authorities said there were no immediate reports of casualties and did not provide additional operational details about the extent of the damage. The United States has not officially responded to Iran’s allegations, and no independent sources have confirmed that such a strike took place. The competing claims come as tensions between the two longtime rivals continue to intensify following a series of military confrontations and accusations exchanged in recent weeks. Regional security analysts warn that increasingly aggressive statements from both Tehran and Washington could further complicate the security environment across the Middle East, particularly if neighboring countries become involved in the dispute. Experts say Iran’s latest warning appears aimed at discouraging regional allies from providing logistical, intelligence or military support to any potential US operation. Such statements also signal Tehran’s intention to broaden accountability beyond direct military participants should hostilities escalate. Diplomatic efforts to reduce tensions have so far produced little visible progress, while both sides continue to exchange sharp warnings and accusations. With neither Washington nor Tehran showing signs of softening their positions, concerns remain that the already fragile regional security landscape could deteriorate further, increasing the risk of a broader confrontation involving additional regional actors.

  • | |

    AKMCCC Hyderabad organizes health camp on World He…

    HYDERABAD,— In observance of World Hepatitis Day, the Aga Khan Maternal and Child Care Centre (AKMCCC), Hyderabad, organized a one-day health camp aimed at improving access to preventive healthcare and promoting early detection of liver disease. Held under the global theme “Hepatitis Elimination Starts with You,” the camp offered discounted specialist consultations and complimentary diagnostic services to residents from across Hyderabad. The health camp provided expert consultations with Family Medicine and Internal Medicine specialists at subsidized rates. To encourage timely diagnosis, participants received free rapid screening tests for Hepatitis B and C, along with complimentary assessments of blood pressure, pulse rate, height, and weight. The program also included health education and awareness sessions on hepatitis prevention, transmission, and treatment, as well as discounted laboratory and radiology services for further evaluation and follow-up. “Hepatitis remains a significant public health challenge, yet early detection and timely intervention can drastically alter patient outcomes,” said Syed Muhammad Sohail, Chief Operating Officer for Outreach Services and Off-Campus Hospitals at Aga Khan University Hospital (AKUH). “Through today’s camp, AKMCCC is helping remove financial and geographic barriers to specialized care, empowering individuals across Hyderabad to take proactive steps toward their health,” he added. Health officials and AKMCCC representatives stated that such community outreach initiatives are essential to achieving the World Health Organization’s goal of hepatitis elimination by 2030. They reaffirmed the centre’s commitment to continuing similar programs in underserved areas to strengthen public health and foster a more informed community.The successful execution of the camp underscores AKMCCC’s ongoing dedication to preventive healthcare and community well-being.

  • | |

    English Football to trial new rule to eliminate go…

    English football will implement a trial this season aimed at eradicating the increasingly common practice of goalkeepers feigning injury to secure tactical timeouts, with teams required to temporarily remove an outfield player if their keeper receives treatment . The Football Association, Premier League, English Football League, National League, and Women’s Super League have agreed on the measure, with permission granted by the International Football Association Board (IFAB) . The first game to feature the trial will be the Carabao Cup preliminary round tie between Tranmere and Rochdale on Saturday . Under the new protocol, if a referee signals for a physio to treat a goalkeeper, the team’s coach will have 10 seconds to nominate an outfield player to leave the pitch for one minute after play restarts, informing the fourth official of their choice . If no player is selected within 10 seconds, the captain must leave the field . The tactic of goalkeepers going down for treatment allowing coaches to deliver instructions to outfield players gathered on the touchline has become increasingly controversial in recent seasons . Leeds United fans regularly booed opposing goalkeepers for such delays last season, and the practice has been used to disrupt momentum when opponents are on top . Pro Ref, led by chief refereeing officer Howard Webb, had been in discussions with the leagues to address the issue . English football opted for this trial because it follows the logic already applied to outfield players, who must leave the field for one minute if the physio comes on . The measure is intended as a proactive deterrent rather than a reactive punishment . There are several exemptions: no player will have to leave if the goalkeeper says they do not need treatment and have not stopped play, if the goalkeeper and an outfield player have collided, if the goalkeeper is fouled and needs immediate treatment, if the goalkeeper is bleeding, or if there is a serious injury requiring substitution or concussion . Match of the Day pundit Danny Murphy had previously suggested this exact solution, saying: “If a keeper goes down injured, instead of him having to go off, one of the outfield players should go off then it’s fair all round. It’s a little change that makes a world of difference.” The Australian A-League will trial a variation where the captain must always leave the field . The results of the trials will be assessed by IFAB throughout the season, potentially leading to a permanent global law change from the 2027-28 season .

Leave a Reply

Your email address will not be published. Required fields are marked *