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

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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