Home / Knowledge / News / Textiles / Pakistan govt urged to review cotton policy
Pakistan govt urged to review cotton policy
30
Jul '11
In view of the record cotton production expected this year, Syed Fakhar Imam, former Speaker of Pakistan's National Assembly has urged the Government to undertake review of cotton policy, taking all stakeholders on board, including cotton cultivators.

The former Speaker said that the cotton production this year is expected to break the 2004 record of 14.2 million bales. He said that the area under cotton cultivation has increased this year due to it fetching a high price in the local and global markets last year.

He said that this year too, cotton farmers should receive a fair price for their efforts, especially in view of the rise in prices of inputs like seeds, pesticides, fertilizers, and diesel and electricity charges.

He further suggested that the Trading Corporation of Pakistan (TCP) should be directed to buy up to two million bales of cotton from the market. This, he said, would bring about a competition between the TCP and the textile mills for purchasing cotton, and thus ensure good return to cultivators.

He said that the estimated area under cotton cultivation this year is 6 million acres in the province of Punjab, 1.7 million acres in Sindh, and 100,000 acres in Balochistan. The first picking of the crop has been good so far and Phutti was selling at PKR 2000-2500 per 40 kg, he added.

He stated that cotton and cotton goods accounted for US$ 15 billion worth of exports last year, contributing 62 percent to the country's total exports. Cotton seed accounts for about 70 percent of the country's edible oil production. Also, nearly 40 percent of the country's total industrial labour is employed by the cotton industry.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X