• AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees
Monday, April 13, 2026
  • Login
No Result
View All Result
Economy.pk
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
No Result
View All Result
Economy.pk
No Result
View All Result

Cotton production surges to over 5 million bales

by Web Desk
October 4, 2023
in Business
0
Cotton production surges to over 5 million bales
333
SHARES
4.2k
VIEWS
Share on FacebookX

Pakistan’s cotton production has significantly increased in comparison to the previous season, reaching an all-time high at the end of September. However, there are discrepancies between the crop statistics reported by Pakistan Cotton Ginners (PCGA) and those reported by the Punjab agriculture authorities.

According to PCGA data, cotton arrivals at ginning factories across the country reached 5.025 million bales by September 30, marking a remarkable 71.15 percent increase compared to the 2.936 million bales recorded for the same period the previous year. This figure even exceeded the total lint output of 5 million bales from the previous year.

Textile mills have been active buyers, purchasing 4.179 million bales, an 80.2 percent increase from the 2.319 million bales bought the previous year. Additionally, exporters have procured over 0.248 million bales, a substantial increase from just 4,900 bales in the previous year, with Fast Trade Commodities Services playing a prominent role among the exporters.

The fortnightly flow of cotton recorded at 1.091 million bales during the period of September 15-30 exceeded the 0.749 million bales recorded during the same fortnight the previous year.

Ihsanul Haq, Chairman of the Cotton Ginners Forum, attributes the higher-than-expected (cottonseed) arrivals at ginning units to growers rushing to pick cotton due to concerns about a whitefly attack. However, he notes that the quality of cotton has been affected by pest attacks and weather conditions, particularly in Punjab, where 2.069 million bales have arrived at ginning factories, marking a 34 percent increase over the same period last year.

In Sindh, lint production has reached 2.956 million bales, a substantial 113 percent increase compared to the same period last year.

Notably, there is a significant disparity in output data between the PCGA and Punjab Crop Reporting Services (CRS). Punjab CRS claims that, as of September 30, the province produced 3.366 million bales, a 64 percent increase over the 2.047 million bales produced during the same period the previous year. However, Mr. Haq raises concerns about this claim, suggesting that a difference of around 1.2 million bales between the PCGA and Punjab CRS data is unlikely.

He believes that some ginners may be involved in underreporting cotton arrivals to evade taxes. Moreover, discrepancies between the Punjab Agriculture Department’s cotton cultivation data and the Suparco report have also raised questions about accuracy and transparency in reporting.

Tags: latestPakistan Cotton Gin­ners Association (PCGA).
Web Desk

Web Desk

Related Posts

Fitch affirms Pakistan’s credit rating at ‘B-’

Fitch affirms Pakistan’s credit rating at ‘B-’

by Web Desk
April 13, 2026
0

ISLAMABAD: Fitch Ratings has affirmed Pakistan’s long-term foreign currency Issuer Default Rating (IDR) at ‘B-’ with a stable outlook, citing...

Aurangzeb arrives in Washington for IMF, World Bank spring meetings

Aurangzeb arrives in Washington for IMF, World Bank spring meetings

by Web Desk
April 13, 2026
0

Finance Minister Muhammad Aurangzeb arrived in Washington on Monday to participate in the World Bank Group and International Monetary Fund...

Pak-Turkiye relations rapidly moving towards economic partnership: PM

Pak-Turkiye relations rapidly moving towards economic partnership: PM

by Web Desk
April 7, 2026
0

Prime Minister Muhammad Shehbaz Sharif has said the centuries-old brotherly relations between Pakistan and Turkiye are rapidly moving towards a...

Pakistan to repay $4.8bn in external obligations, UAE payments part of plan: sources

Pakistan to repay $4.8bn in external obligations, UAE payments part of plan: sources

by Web Desk
April 6, 2026
0

Islamabad: Pakistan has finalized arrangements to repay $4.8 billion in external obligations by the end of June 2026, with $3.5...

Govt assures IMF of timely power tariff hikes, subsidy cap agreed under $7bn EFF

Govt assures IMF of timely power tariff hikes, subsidy cap agreed under $7bn EFF

by Web Desk
April 4, 2026
0

Pakistan has assured the International Monetary Fund (IMF) that it will implement timely electricity tariff adjustments and limit power sector...

Govt committed to facilitating global investors, especially in IT sector: PM

Govt committed to facilitating global investors, especially in IT sector: PM

by Web Desk
April 1, 2026
0

Prime Minister Shehbaz Sharif has reiterated the government’s commitment to facilitating international investors, particularly in the Information Technology sector, as...

Next Post
Pakistan launches health card mobile app

Pakistan launches health card mobile app

Ads

  • AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees

© 2026 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates

© 2026 All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.