In the latest report of the Pakistan Cotton Gins Association (PCGA), it was revealed that cotton imported into Pakistan reached 8.39 million bales as on March 1, 2024.
This number reflects a significant shortfall of approximately 32 percent compared to the season’s goal.
A slight increase of 0.11 percent was seen in cotton arrivals from February 15 data when a total of 8.38 million bales was recorded.
However, on a year-on-year basis, there was a significant increase of 72.16 percent, indicating a substantial increase compared to the 4.88 million arrivals recorded in the same period last year (SPLY).
By disaggregating the data, it was found that cotton coming from Sindh province saw a year-on-year decline of 15.6 percent to 4.11 million bales as of March 1.
In contrast, cotton arrivals from Punjab province, another key cotton-producing region, witnessed a significant year-on-year increase of 42.79 percent, totaling 4.28 million bales.
Compared to the previous fortnight, arrivals via Sindh and Punjab increased marginally by 0.03 per cent and 0.32 per cent respectively during the period under review.
The chairman of the Cotton Ginners Forum highlighted the challenges faced by textile mills, including closures.
He attributed these difficulties mainly to the record high electricity tariffs. The textile industry, a vital part of Pakistan’s economy, is currently going through a challenging phase.
Pakistan occupies a prominent position among the top ten cotton producing countries worldwide, with cotton and textile products being the major contributors to the country’s exports.
Despite this, output remains below expectations, raising concerns about the future of the industry.
