The Chairman of Pakistan Cotton Ginners Association (PCGA), Amanullah Qureshi, has welcomed an agreement signed between a Turkish member of Board Agaglu, Atif Saeed Dada, and Federal Minister for Professional and Technical Training, Riaz Pirzada, for exporting cotton to Turkey, and said that this agreement would help in stabilising prices of cotton in Pakistan because Turkey requires at least 5 million bales cotton.
He said that Pakistan itself is a rich consumer of cotton, "but we would prefer Turkey, for exporting our surplus cotton, over other neighbouring states". He said that Turkey enjoys excellent relations in areas of trade, economy, defence, education, investment, energy and human resource development. Turkish people had donated food and financial assistance for the sufferers of quake and floods and Turkey is constructing hundreds of homes in southern Punjab for rehabilitation of flood stricken people.
Turkish member of Board Agaglu Atif Saeed Dada said Turkish Prime Minister Tayyib Urdgan urged the desire to settle their trade agreements with Pakistan government after trade break-up with Israel. In the first step, feasibility and capacity of Pakistan to export its cotton would be checked and from upcoming year cotton would be exported to Turkey. It is hoped that up to 5 million bales of cotton would be exported to Turkey.
Amanullah said that with this agreement, in the upcoming months the price of cotton would hike and farmers would earn sound benefits. He said after China, trade with Turkey would open new avenues for traders and it would help Pakistan to stabilise its economy.
Comments
Comments are closed for this article.