• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Pakistan’s Trading Corporation Enters Cotton Market, Aims to Buy 1 Million Bales

by Irsa
August 9, 2023
in Business
Reading Time: 1 min read
Pakistan's Trading Corporation Enters Cotton Market, Aims to Buy 1 Million Bales
Share on FacebookShare on Twitter

The Trading Corporation of Pakistan (TCP) has taken proactive measures to restore stability to the white lint cotton market, which has recently fallen below the prescribed intervention threshold.

In its endeavor to uphold its commitment, the TCP is embarking on the purchase of one million bales of lint. The primary goal is to establish equilibrium within the market, ensuring that cotton growers can secure the promised minimum rate of Rs8,500 per maund, a pledge made by the government at the commencement of the sowing season. This initiative seeks to incentivize farmers to re-engage with cotton cultivation.

Reliable sources indicate that the TCP plans to procure one million bales from various regions across the country. Requests for proposals have been issued, inviting bids from cotton procurement agents, the cotton procurement firm, and labor contractors.

The recent upswing in cotton prices within the open market has instilled a renewed sense of optimism among cotton growers. The federal government’s predetermined intervention price of Rs8,500 per maund serves as a benchmark, indicating that if cotton prices dip below this threshold, the TCP will proactively initiate purchasing from ginners, thereby working to stabilise prices.

Tags: Cotton MarketlatestTCP
Irsa

Irsa

Related Posts

PM Kakar meets British investors to discuss investment opportunities in Pakistan

PM Kakar meets British investors to discuss investment opportunities in Pakistan

Anwaar-ul-Haq Kakar, the caretaker prime minister, met with British investors in London on Monday to discuss investment potential in Pakistan's...

Suzuki's Irresistible Offer: Get up to Rs 150,000 Trade-In Bonus on Wagon-R and Swift GL CVT

Suzuki’s Irresistible Offer: Get up to Rs 150,000 Trade-In Bonus on Wagon-R and Swift GL CVT

Suzuki WagonR and Swift GL CVT stand out with the affordable trade-in bonus offer in today's auto market when every...

SBP Offers Interest-free Loans to Women For Starting Business

SBP Offers Interest-free Loans to Women For Starting Business

The State Bank of Pakistan (SBP) is offering interest-free loans to unemployed women to start their large-scale businesses to ensure...

Work on PIA restructuring plan expedited

Work on PIA restructuring plan expedited

Work on Pakistan International Airlines (PIA) reorganisation plan for privatization has been accelerated. According to reports, the PIA administration has...

Fertiliser industry: Govt mulling ending cheaper gas facility

Fertiliser industry: Govt mulling ending cheaper gas facility

According to sources close to the Energy Minister, the caretaker government is expected to fix fertilisers industry feed petrol costs...

World Bank report reveals Pakistan's poverty rate inrease to 39.4%

World Bank report reveals Pakistan’s poverty rate inrease to 39.4%

Pakistan is facing a major challenge poverty rates are growing and have reached an all-time high of 39.4%! It was...

Next Post
Intraday Update: Rupee Shows Signs of Strengthening Against US Dollar

Intraday Update: Rupee Shows Signs of Strengthening Against US Dollar

Recent Posts

  • PM Kakar meets British investors to discuss investment opportunities in Pakistan
  • Nadra resumes registration of transgender persons
  • Pakistan team finally issued visas for World Cup in India
  • Suzuki’s Irresistible Offer: Get up to Rs 150,000 Trade-In Bonus on Wagon-R and Swift GL CVT
  • iPhone X price, PTA tax 2023 in Pakistan

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk