Karachi Cotton Association Withdraws Building Plea The Karachi Cotton Association has formally withdrawn a petition in the Sindh High Court challenging the evacuation of its building on I.I. Chundrigar Road. This decision follows a period of significant uncertainty that affected the national cotton and textile sector. On December 12, the association issued a press release … Read more
Something truly unprecedented has just rocked Pakistans vital cotton sector! For the first time in 52 years, the daily cotton spot rates have been suspended, creating shockwaves across the industry and beyond.
The Karachi Metropolitan Corporation (KMC) has asserted ownership of the historic Cotton Exchange Building, challenging a recent joint operation by the FIA and ETPB. Mayor Barrister Murtaza Wahab stated the KMC owns the building, deeming the federal bodies’ actions unjustified. KMC Declares Ownership of Cotton Exchange Building Mayor Wahab explicitly rejected the claim that the … Read more