
Mills reluctant in making big deals on cotton market
Cotton Analyst Naseem Usman told Business Recorder that the rate of new cotton in Sindh is in between Rs 15,900 to Rs 16,400 per maund and the rate of cotton in Punjab is in between Rs 16,700 to Rs 17,200 per maund. He also told that the rate of Phutti is increasing a little bit.
The rate of Phutti in Punjab is in between Rs 6,800 to Rs 7,200 per 40 kg and the rate of Phutti in Sindh is in between Rs 6,500 to Rs 7,100 per 40 kg. The rate of cotton in Balochistan is in between Rs 16,300 to Rs 16,400 per maund. The rate of Phutti in Balochistan is in between Rs 6,800 to Rs 7,200 per maund.
Approximately, 600 bales of Tando Adam were sold in between Rs 16,100 to Rs 16,200 per maund, 200 bales of Sanghar were sold were sold at Rs 16,150 per maund, 400 bales of Shahdad Pur were sold at Rs 16,300 per maund, 600 bales of Vehari, 400 bales of Chichawatni, 200 bales of Khanewal, 200 bales of Gojra, 200 bales of Dera Ghazi Khan and 200 bales of Mongi Bangla were sold at Rs 16,600 per maund.
The Spot Rate remained unchanged at Rs 16,300 per maund. Polyester Fiber was available at Rs 338 per kg.
Copyright Business Recorder, 2025

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
2 hours ago
- Business Recorder
‘Agri development, farmer prosperity are top priorities of CM'
LAHORE: Minister for Agriculture Punjab, Syed Ashiq Hussain Kirmani, has stated that agricultural development and farmer prosperity are among the foremost priorities of the Chief Minister Punjab. The present government is implementing revolutionary programs aimed at uplifting the agriculture sector and ensuring farmer welfare, which have already begun yielding positive outcomes across the province. However, some elements are attempting to distort the facts and spread misconceptions regarding these historic initiatives of the Punjab government. Minister Syed Ashiq Hussain Kirmani highlighted that within just one month of taking office, the Chief Minister Punjab initiated multiple agricultural development programs worth Rs. 400 billion — f or the first time in the history of Province. These programs included interest-free loans worth of billions of rupees through Kisan Card, provision of thousands of tractors on subsidy under the Green Tractors Program, and provision of modern agricultural machinery with up to 60% subsidy and many other initiatives. He added that this is the only Government in Pakistan's history during which no fertilizer shortage has been witnessed. Fertilizer is available in abundance in the market at prices even lower than those fixed by the manufacturers. Artificial shortages, profiteering, and hoarding of fertilizers have been completely eradicated from the province. He clarified that, during the current season, all provincial governments ceased official wheat procurement under the IMF agreement; however, Punjab remains the only province that extended direct financial support of Rs. 14 billion to small wheat farmers. During just a short period of two months, more than Rs. 85 billion in interest-free loans have been disbursed to farmers across Punjab for the purchase of fertilizers, seeds, and pesticides for Kharif crops. Of this amount, farmers have already utilized over Rs. 45 billion for the purchase of fertilizers, pesticides, and diesel. Syed Ashiq Hussain Kirmani further elaborated on the landmark programs launched during the current fiscal year for the welfare of farmers and agricultural advancement. These include Rs. 200 billion in interest-free loans through the Kisan Card, subsidized provision of 20,000 tractors, solarization of over 10,000 agricultural tube wells, establishment of 10 model agriculture malls, recruitment of 2,000 young agriculture graduates to provide technical support in the field, improvement and lining of watercourses, and a Rs. 30 billion program for the distribution of modern agricultural machinery. Copyright Business Recorder, 2025


Business Recorder
3 hours ago
- Business Recorder
SAU Syndicate approves academic, financial, governance reforms
HYDERABAD: The Syndicate of Sindh Agriculture University (SAU) Tandojam, chaired by Vice Chancellor Engr. Prof. Dr. Altaf Ali Siyal, convened a high-level meeting to review and approve a wide range of academic, financial, and administrative matters of institutional importance. The meeting commenced with unanimous confirmation of the minutes and approval of the implementation of decisions made during the 117th Syndicate meeting held on October 25, 2024. The Syndicate also endorsed various academic initiatives taken by the Vice Chancellor in recent months, aimed at enhancing academic continuity, strengthening educational delivery, and improving administrative efficiency. The Syndicate formally approved the university's annual accounts for the fiscal year 2023–24, along with the revised budget for 2024–25 and the budget estimates for 2025–26. These financial matters had previously been reviewed and recommended by the Finance and Planning Committee (FPC) in its meeting held on June 30, 2025. In accordance with the directives of the Government of Sindh, the forum ratified the implementation of the Ad-Hoc Relief Allowance 2025 and the increase in pensions for retired employees of the university. Additionally, the Third-Party Audit Report for the financial year 2023–24 was presented and formally approved. In support of staff welfare, the Syndicate approved an increase in the minimum wage for contingent and daily-wage workers in line with the provincial minimum wage policy. It also sanctioned an enhancement in impress and contingent allocations to sectional heads, with the objective of ensuring smooth and efficient functioning at the departmental level. Copyright Business Recorder, 2025


Business Recorder
3 hours ago
- Business Recorder
Working in silos will not do
EDITORIAL: The energy sector's complex web is becoming increasingly difficult to manage as authorities continue to attempt to solve issues in silos, an approach that only complicates the problems. Currently, the Energy Task Force (ETF) and the Power and Petroleum Divisions are developing their own solutions without considering their interconnectivity and interdependence. With the power sector's push, backed by the IMF, captive power plants are being subjected to hefty levies on gas consumption. The objective is to transition industrial consumers to the grid, which is being partially achieved. The logical consequence should have been a higher off-take of RLNG by the power sector, but that is not happening, leaving expensive gas unused, which contributes to the circular debt of gas, excessive pressure on the pipelines, and lower off-take of cheap domestic gas. Reportedly, when the Petroleum Division urged the Power Division to increase its intake of RLNG, the minister replied that it would not commit a grave sin (gunnah-e-kabeera) by violating the economic merit order (EMO). The minister was behaving like a principled man, but such discipline was regrettably found lacking when the levy imposed (at peak rates for the entire day) was even higher than what the IMF had prescribed. The Discos (working under the Power Division) are being blamed for Rs 240 billion of overbilling to poor consumers, who are already paying for the inefficiencies of the government. The minister is silent on this issue that is beginning to become increasingly conspicuous. This selective amnesia does not stop here. The power minister is pushing his petroleum counterpart to review RLNG buying contracts with Qatar, asking to emulate what the Power Division has done with the IPPs. How naïve is it to even suggest this remedy. First, it would be tantamount to openly disregarding the sanctity of sovereign contracts. Second, it tends to advocate and normalise coercive actions that were employed against local IPP owners, a stance that has severely undermined investor confidence. Third, it demands breaking contractual commitments with international investors, despite the Power Division and ETF's own failures — even they could not persuade Chinese IPPs to waive the late payment interest (LPI) on outstanding dues, casting uncertainty over the Rs 1.3 trillion circular debt reduction plan. And the cherry on the top is that EMO that is being termed 'holy' while others are being advised to violate (or revise) sovereign contracts. Not only is buying RLNG from Qatar a necessity, but running RLNG plants to a specific limit is also necessary. It is a problem of double standards and a lack of understanding of the core issues. What the government is required to focus on is why the power demand is falling, as the off-take from the grid is still 11 percent shy of its peak in FY22. The need is to address the issue of solar net metering — where rates should be revised by adjusting solar pricing for new net metering contracts (with no change in existing rates) — has been identified, yet the necessary action has not been taken. The power ministry fears a public backlash over solar net metering, while the public is being cheated by entities under its domain by engaging in overbilling at the same time. Suffice it to say that the direly needed clarity of thought and objectivity in the solutions being proposed are simply missing. Copyright Business Recorder, 2025