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Formulation of Cotton Policy: government urged to involve PCGA, other stakeholders

Pakistan Cotton Ginners Association (PCGA) Chairman, Mahesh Kumar has demanded of the government to involve the PCGA and other stakeholders to formulate "National Cotton Policy" which should cover all aspects of cotton trade, including fixation of support price, target of production and grant of permission for the import of cotton.

He said this while addressing a press conference here on Wednesday along with ex-chairmen Haji Muhammad Akram, Haji Muhammad Ibrahim, Amanullah Qureshi, ex-vice chairmen Mian Mehmood Ahmed, Shehzad Ali Khan who is also Chairman of FPCCI's Committee on Cotton and Zaid Ali Khan. The Pakistan Cotton Ginners Association (PCGA) chairman said all government measures, regarding the protection of interest of growers proved ineffective, when a large volume of cotton, under the guise of free trade, was imported by textile millers without any record, which caused dumping of cotton stock in the ginning factories and caused financial loss to ginners and growers both.

Ramesh Kumar said that government should take notice of dwindling cotton production and unjust taxes and levies. He said that increase in petroleum products had brought a tsunami of price hike. Everything had gone beyond the reach of common man, he added.

He suggested that registration of all export contracts with the Export Development Board (EDB) should be mandatory and figures of cotton imports must be delivered to the PCGA and the Textile Ministry so that it could be incorporated in crop data issued on the first and 15th of every month. Kumar suggested that a scheme must be formulated to ensure soft loans for up-gradation of ginning industry to meet the challenges of the World Trade Organisation (WTO) and to enhance the standard of Pakistani cotton.

This loan, he suggested, must be refunded in next five years, which must be adjustable against production limit of each ginner and loans should be advanced to only the Pakistan Cotton Ginners Association (PCGA) members. Ramesh Kumar said that with the increase in power tariff and petroleum products, the cost of production has increased by 70 percent and margin of profit had decreased to zero level. He reiterated his demand for uninterrupted power supply to the ginning industry.

Copyright Business Recorder, 2013



 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln