Cotton fates rose to their largest amount in over five weeks on Monday in the wake of penetrating a key specialized level, furthermore got a help from a weaker US dollar and situating in front of alternatives expiry. The front-month May cotton contract on ICE Futures US increased 1.65 pennies, or 2.6 percent, to settle
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Costs amplified overnight picks up on the cotton showcase on Thursday as ginners were not prepared to oblige factories and spinners, expecting further ascent in the impending days, merchants said. The authority spot rate was higher by Rs 50 to Rs 5200, merchants said. In the prepared session, around 6,000 parcels of cotton changed hands
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Pakistan Yarn Merchants Association (PYMA) has condemned the increment in petrol and diesel costs. PYMA Central Chairman Qaisar Shamas Guccha, Zonal Chairman Muhammad Akram Pasha and Zonal Vice Chairman Adnan Zahid Butt while conversing with newsmen said that petroleum items were the rudiments of monetary exercises, industry, exchange and business. Vacillation in petroleum items’ costs
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All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has mourned over postponement in the issuance of warning for the innovation upgradation store plan (TUFS), upsetting the business from undertaking BMR and new speculation activities for the textile business. He said the central government had withheld the warnings of activities under the Textile Policy
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