Pakistan is the world’s fourth-largest producer of cotton with an annual production of about 1.5 million bales. The country has a well-developed infrastructure for the textile industry and is the world’s second-largest exporter of textile products. Textiles play a vital role in Pakistan’s economy, accounting for over 60% of the country’s exports. The sector employs around 15 million people, making it one of the largest employers in Pakistan. The textile industry has been a key driver of Pakistan’s economic growth, contributing significantly to employment, foreign exchange earnings and value addition. The sector has also contributed to the development of ancillary industries such as transportation, packaging and banking. The Government of Pakistan is committed to supporting the textile industry and has implemented a number of initiatives to promote its growth. These include the establishment of special economic zones, duty free import of textile machinery, and preferential access to markets for Pakistani textiles. The textile industry is an important source of revenue for the government and plays a significant role in the country’s economy. The Pakistani textile industry is facing some challenges at present, due to rising input costs and competition from other countries such as Bangladesh and Vietnam. However, the industry continues to grow and is expected to reach a value of $28 billion by 2025. Yarn prices in Pakistan have been rising in recent months due to increases in the price of cotton. However, overall yarn prices remain relatively stable when compared to other countries such as India and China. As Pakistan’s first and only company working on data trends for Yarn, we had seen a major shift in Cotton Yarn, PC and CVC prices at the start of the year. This upward trend continued deep into April, with some Yarn’s touching their highest prices ever. Naturally, this slowed down transactions and trading. Many mills have procured Yarn on a year-on-year supply, and this resulted in heavy losses. Currently however, since the last 4 week, Yarn prices are slowly aligning towards normality, with PC, CVC and Cotton Yarn’s experiencing stability as we head into June. On a whole, this should revive some trading and increase Procurement for Yarn.