*PAKISTAN COTTON MARKET UPDATE*
*Official spot rate hits all-time high*
*The rate of Prime Mark Cotton of Sindh reached at Rs 17000 per maund highest in the history of the country.* *The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 100 per maund and closed it at Rs 16000 per maund.*
*The Spot Rate Committee of the Karachi Cotton Association increased the spot rate by Rs 100 per maund and closed it at Rs 16000 per maund. The polyester fiber was available at Rs 247 per kg.*
*Cotton Analyst Naseem Usman told that the local cotton market remained bullish and trading volume remained satisfactory.*
*The rate of cotton in Sindh remained between Rs 12500 to Rs 16,500 per maund and the rate of cotton in Punjab was registered at Rs 14,200 to Rs 16,500 per maund.* *The rate of the new crop of Phutti in Sindh was remained between Rs 5000 to Rs 7,000 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 7,300 per 40 kg.*
*Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,200 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 79,00 per maund, said Naseem Usman.*
*The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,100 per maund. 1800 bales of Khair Pur were sold at Rs 15200 to Rs 15500 per maund, 2000 bales of Khan Pur were sold at Rs 16100 to Rs 16500 per maund, 400 bales of Kot Sabzal, 400 bales of Lodhran, 1600 bales of Sadiqabad, 200 bales of Chichawatni were sold at Rs 16500 per maund, 400 bales of Gilawala were sold at Rs 16200 per maund, 800 bales of Faqeer Wali were sold at Rs 15500 to Rs 16000 per maund, 200 bales of Mian Wali were sold at Rs 15850 per maund, 1600 bales of Fort Abbas were sold at Rs 15600 to Rs 15700 per maund, 800 bales of Hasil Pur were sold at Rs 14700 to Rs 15500 per maund, 800 bales of Hasil Pur were sold at Rs 14700 to Rs 15500 per maund, 1400 bales of Haroonabad were sold at Rs 15000 to Rs 15200 per maund, 2200 bales of Rahim Yar Khan were sold at Rs 16000 to Rs 16500 per maund,*
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