Home / Knowledge / News / Textiles / PCGA seeks bailout package for cotton ginners
PCGA seeks bailout package for cotton ginners
07
Mar '12
Pakistan Cotton Ginners Association (PCGA) has urged the Government to sanction a bailout package for the cotton ginners who have suffered a loss of over Rs. 225 billion due to lobbying by textile millers.

PCGA also demanded that the Government should direct the Trading Corporation of Pakistan (TCP) to purchase a minimum of 500,000 bales of cotton from the stock lying unsold with the ginners.

Taking undue advantage of free-trade mechanism, some elements are exploiting the cotton cultivators, PCGA Chairman Amanullah Qureshi said, while speaking at a media meet along with Haji Mukhtar Ahmed Baloch and Haji Muhammad Akram.

Mr. Qureshi contended that while not following the instructions of Prime Minister Syed Yousuf Raza Gilani regarding procurement of cotton through TCP, the Government machinery including the bureaucracy as well as the Textile Ministry, were employing delaying tactics to serve the purpose of APTMA.

He suggested that the Prime Minister should make sure that TCP procures a minimum of half a million bales of cotton, so as to bring stability in the domestic market.

He questioned the TCP's disinclination towards buying cotton, particularly when it bought 350,000 tons of sugar from the sugar mills.

He said Pakistan's cotton production for the next season is likely to come to 17.5 million bales, but if the Government continues to show apathy, the sector might fail to meet its production targets, as farmers may shift to other cash crops.

Fibre2fashion News Desk - India


Must ReadView All

India’s e-commerce policy framework in 6 months: official

Apparel/Garments | On 26th Apr 2018

India’s e-commerce policy framework in 6 months: official

In the next six months, India will come out with a framework for a...

MSME secretary Arun Kumar Panda presenting 'friend of India' plaque to a delegate from Malawi at the first International SME Convention. Courtesy: PIB

Apparel/Garments | On 26th Apr 2018

India to set up Digital Trade Desk for SME collaboration

India’s ministry of micro, small and medium enterprises (MSMEs) has...

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sunil Rathore
Lacoste India

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

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

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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