• Download the Constitution of Pakistan
  • Advertise
Sunday, July 13, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

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

by News Publishing
August 9, 2023
in Business
Reading Time: 1 min read
0
Pakistan's Trading Corporation Enters Cotton Market, Aims to Buy 1 Million Bales
Share on FacebookShare on TwitterLinkedinWhatsapp

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
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

Next Post
US Dollar to PKR Today – 10 January 2024

Intraday Update: Rupee Shows Signs of Strengthening Against US Dollar

About Us

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

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

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
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters