*PAKISTAN COTTON MARKET UPDATE*
*Cotton market remains stable*
*The local cotton market on Tuesday remained stable and trading volume remained satisfactory.*
*The rate of cotton in Sindh is in between Rs 12,000 to Rs 14,700 per maund and the rate of cotton in Punjab is in between Rs 14,300 to Rs 14,700 per maund.*
*The rate of the new crop of Phutti in Sindh was in between Rs 4,000 to Rs 6,200 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5,500 to Rs 6,500 per 40 Kg. The rate of Banola in Sindh is in between Rs 1500 to Rs 1800 per maund. The rate of Banola in Punjab is in between Rs 1700 to Rs 2000 per maund. The rate of cotton in Balochistan is in between Rs 13800 to 14200 per maund. The rate of Phutti in Balochistan is Rs 5,900- 7,100 per maund.*
*600 bales of Ghotki were sold at Rs 14,600 per maund, 600 bales of Saleh Pat were sold at Rs 14,200 per maund, 2600 bales of Khair Pur were sold at Rs 14,000 to Rs 14,100 per maund, 1200 bales of Sanghar were sold at Rs 12,000 per maund, 200 bales of Nawab Shah were sold at Rs 13,200 per maund, 400 bales of Bagho Bahar were sold at Rs 14,700 to Rs 14,800 per maund, 1800 bales of Rahim Yar Khan, 2200 bales of Sadiqabad, 400 bales of Feroza were sold at Rs 14,700 per maund, 400 bales of Shehar Sultan were sold at Rs 14,400 per maund, 1200 bales of Haroonabad were sold at Rs 14,200 to Rs 14,400 per maund, 200 bales of Mianwali were sold at Rs 14,500 per maund, 2000 bales of Fort Abbas were sold at Rs 14,300 to Rs 14,500 per maund, 200 bales of Chichawatni were sold at Rs 13,250 per maund and 1000 bales of Layyah were sold at Rs 14,200 per maund.*
*Cotton Analyst Naseem Usman told Business Recorder that last week, APTMA - the mother ship of textile industry associations - endorsed GoPs' export target of $21 billion for the ongoing fiscal year.*
*Achieving the target would be no small feat, considering it would require 36 percent growth over last year. Can it happen?*
*The Spot Rate remained unchanged at RS 14,400 per maund. The Polyester Fiber was available at Rs 225 per Kg.*
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