Pakistan has exported at least 125,000 bales of cotton this season and the volume is expected to improve further during the current crop season.
Don learns that the cotton consignments are being sent to China, Vietnam and Indonesia and importantly, all these export deals are with only one cotton spinner from Sindh, Dr. As are done by Mal.
It is expected that the same quantity of cotton bales will be exported during the rest of the season.
Cotton exports have not entered six figures since 2017-18, when exports stood at 207,424 bales.
The country exported only 4,900 bales in 2022-23, 16,000 bales in 2021-22 and 70,200 bales in 2020-21.
Ginners say better lint quality and booming international markets are attracting foreign buyers to Pakistani cotton.
Ihsanul Haq, president of the Cotton Ginners Forum, says the lack of rain in most cotton-growing areas has traditionally helped improve crop quality and has been supported by a record depreciation of the rupee, making local cotton cheaper in global markets. went
He says cotton exports would have set a record had it not been for the decline in lint yields due to a severe whitefly attack in Punjab, while there were negative effects of environmental pollution.
He urged the government to refrain from imposing heavy taxes on the textile sector under pressure from the International Monetary Fund as the sector is already grappling with unprecedented gas and electricity rates as well as mark-up rates.
He claims that about 60 percent of the textile mills in the country have become idle due to the issues and it is feared that the local industry will fail to consume even nine million bales of cotton.
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