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Textile Mills Buy 938,000 Cotton Bales

Textile Mills Purchase 938,000 Bales as Cotton Arrivals Jump NationwidePakistan’s cotton arrivals increased by 25.48% to 1.114 million bales by August 15, compared with 887,401 bales during the same period last year, according to the Pakistan Cotton Ginners Association. Operational ginning factories rose nearly 10% to 268. Punjab recorded 2.61% growth, while Sindh and Balochistan posted a combined increase of 41.80%, led by Sanghar. Textile mills purchased approximately 938,000 bales, while current stocks stood at 162,696 bales.

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Local Affairs

August Inflation Hits 11.15%, Rising From 9.2% in July

Pakistan’s annual consumer price inflation surged to 11.15% in August 2026, up from 9.2% in July, according to the Pakistan Bureau of Statistics. Urban inflation accelerated to 10.4%, while rural inflation remained above both the national and urban rates. On a month-on-month basis, urban prices increased by 0.9%, signaling stronger inflationary pressure across the country.

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PM Shehbaz Arrives in Bishkek

Prime Minister Shehbaz Sharif has arrived in Bishkek for the SCO Council of Heads of State meeting and SCO Plus Summit. During his three-day official visit to Kyrgyzstan, Pakistan will assume the chairmanship of the SCO Council of Heads of State for 2026–2027. The prime minister will also hold bilateral meetings with participating leaders and is accompanied by senior cabinet members and government officials.

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Engro to Sell EPCL Stake for Rs19.7bn

Engro Corporation Limited has signed a share purchase agreement with Lotte Chemical Pakistan Limited to sell its entire 56.19% stake in Engro Polymer & Chemicals Limited. The transaction is valued at approximately Rs19.7 billion, equivalent to around $70.95 million. The agreement follows Engro’s 2025 restructuring, which established Engro Holdings as the conglomerate’s investment arm.

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