Cotton arrival in Pakistan witnessed a significant increase of 29.3% as of September 15 compared to August 31, according to PCGA on Monday.
As per the report, cotton arrival in Pakistan rose to 3.933 million bales compared to 3.041 million bales recorded on August 31, 2023, an increase of 0.892 million bales.
On a year-on-year basis, cotton arrival surged by nearly 80%, compared to 2.187 million bales registered on September 15, 2022.
Last year, flash floods in Pakistan devastated large swathes of agricultural land in the country, especially in Sindh and Balochistan, impacting cotton crops.
The improvement in cotton arrivals, an essential raw material for the textile sector, is a welcome development for cash-strapped Pakistan.