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KARACHI: Remittances by overseas Pakistanis increased 34 percent year-on-year to $2.5 billion in May, staying above the $2 billion mark for a year, the central bank’s data showed on...

Cotton stockpiling in factories falls 34pc Business February 19, 2021 KARACHI: Cotton arrivals in the factories of Pakistan have dropped by 2.93 million bales or 34 percent by February 15, a report released by Pakistan Cotton Ginners Association (PCGA) showed on Thursday. The PCGA said cotton stockpiling in factories was recorded at 5.61 million bales, down 34.29 percent from 8.54 million bales collected in the same period last year. Of these, 70,200 bales were exported, up 19.66 percent, against 58,666 bales exported last year. By this time, 5.23 million bales have been sold to mills, down...

KARACHI: Cotton arrivals hit a three-decade low level of 5.6 million bales due to farmers switching to other crops with the sliver fiber production sharply down 34 percent year-on-year till January...