According to Amanullah Qureshi, Chairman of the Pakistan Cotton Ginners Association (PCGA), the Government should urge the Trading Corporation of Pakistan (TCP) to step in as a second player and procure cotton so as to protect the interest of 70 percent cotton producers, instead of just a few entities, else if the cotton growers incur losses this year, they would shift to other crops.
This may cause the Government to incur heavy cost in imports to fulfil domestic demand, he cautioned.
Mr Qureshi even disapproved the All Pakistan Textile Mills Association's (APTMA) Yasin Sadiq's statement that by directing the TCP to procure cotton as second player, the Government is trying to serve the interest of a few legislators. He said that farmers associations should step forward to ensure safety and security of the interests of the cotton growers.
The PCGA chief further said that rather than exploiting cotton farmers by maintaining cotton prices at lowest levels APTMA should try to have the taxes, levies and power tariffs reduced, so as to lower the production cost and thereby raise the global competitiveness of the domestic textile industry.
According to Mr Qureshi, the Government should ask TCP to start procuring cotton from farmers at the rates specified by the Government, while adhering to the stand taken by the members of the National Assembly of Standing Committee.
Fibre2fashion News Desk - India
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