Cotton arrivals drop 32pc, alarming textile sector
LAHORE: Pakistan’s cotton crop is facing a serious crisis, with latest figures showing a sharp 32 per cent drop in arrivals at ginning factories nationwide compared to the same period last year, raising alarms for the economy and the crucial textile sector.
According to data released by the Pakistan Cotton Ginners Association (PCGA) on Friday, only 297,751 cotton bales had reached ginning factories by July 15, down from 442,041 bales during the corresponding period last year.
The report presents a mixed........
© Dawn Business
