LAHORE: Pakistan remained the largest buyer of US cotton for the second consecutive week, even as domestic cotton prices continued to decline amid weak market conditions and growing challenges for the textile sector.
Cotton and phutti prices fell significantly in both Punjab and Sindh, with industry experts warning of further downward pressure due to declining international cotton rates. Despite lower local prices, textile mills continue to rely heavily on imported cotton because of limited domestic supplies.
Industry representatives have urged the government to provide relief in the upcoming budget by reducing taxes, electricity and gas tariffs, and financing costs. They warned that high production expenses and tax burdens are hurting the competitiveness of the cotton and textile sectors.
The industry also highlighted increasing regional competition, noting that neighboring countries have introduced measures to support textile exports and ensure affordable access to raw materials. Business leaders stressed that policy reforms and targeted incentives are essential to revive Pakistan’s textile industry, boost exports, and protect jobs.
