Low-priced cotton, yarn export hurts local industry

KARACHI: Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has accused local traders of exporting cotton and cotton yarn at lower than international prices, which it says hurts local industry. "We exported cotton yarn at $1.58 per pound and cotton at $1.14 per pound, while the price of cotton jumped to $1.92 per pound in the international market," said Saleem Parekh, central

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