On December 8, violent clashes broke out between supporters of Pakistan’s ruling party “Muslim League (Sharif)” and the opposition party “Tehreek-e-Insaf” in Faisalabad, Pakistan’s cotton yarn production center, resulting in the suspension of a large number of local spinning mills Production, cotton prices fell rapidly to 4,700 rupees per morund (37.324 kg), the lowest in the past 3 years. The number of spinning mills in Faisalabad accounts for 70-75% of Pakistan’s total. The suspension of cotton yarn supply to other parts of the country has adversely affected Pakistan’s textile exports.
Violent clashes in Faisalabad lead to cotton mills suspending production
On December 8, violent clashes broke out between supporters of Pakistan’s ruling party “Muslim League (Sharif)” and the opposition party “Tehreek-e-Insaf” in Faisalabad, Pakistan&#…
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