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

Courtesy: Walmart

Apparel/Garments | On 23rd Mar 2017

Walmart acquires ModCloth

Walmart has acquired the assets and operations of ModCloth, one of...

Textiles | On 23rd Mar 2017

SIMA advises mills to avoid panic buying of cotton

The Southern India Mills' Association (SIMA) is advising mills to...

Apparel/Garments | On 23rd Mar 2017

Tulip Retail, True Fit personalise in-store shopping

Tulip Retail, a mobile application platform built exclusively for...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search