Cotton price blossoms to Rs19,500 per maund

By: News Desk
Published: 12:48 PM, 11 Jan, 2022
Cotton price blossoms to Rs19,500 per maund
Caption: File photo.
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The authorities have imposed 17 percent GST on cotton seed and oil which spurred the price per maund phonemically as per the mini-budget proposal, reported 24NewsHD TV channel on Tuesday.

The cotton per maund has been increased by Rs500 and the new price of cotton  is Rs19,500.

Heavy taxes have been imposed in the mini-budget recently presented by Finance Minister Shaukat Tarin.

The industrialists while reacting to the price hike news said that the increase in cotton price per maund will severely affect the industrial sector.

Reporter Sheraz Butt