July 28, 2002	Sunday	Jamadi-ul-Awwal 17,1423

KARACHI, July 27: The price evaluation committee of Trading Corporation of Pakistan (TCP) on Saturday accepted the bids of local mills for 30,500 bales and foreign bids for 6,000 bales against the counter offers.

According to TCP, the price evaluation committee has accepted local mills’ bids for 18,000 bales of PCSI grade box II 1-1/16” cotton at Rs2,000 per maund on Saturday while 4000 bales were sold out Friday.

Local mills also confirmed purchase of 8,500 bales of grade box III plus 1-1/16” at Rs1,960 per maund against the counter offer of TCP.

It may be noted that TCP had made counter offers for the sale of these cotton bales to local mills as well as foreign buyers on Friday against their bids which were lower than reserved prices.

The Corporation also accepted the bids of foreign buyers for 1000 bales of grade box II, 1-1/32” prime mic from Balochistan at 38 cents per pound fob against its counter offer.—APP