Home / Knowledge / News / Textiles / PCGA urges govt to devise uniform national cotton policy
PCGA urges govt to devise uniform national cotton policy
22
Nov '12
The Pakistan Cotton Ginners Association (PCGA) has urged the Government to frame a uniform national cotton policy in view of the present-day realities. 
 
During a media briefing, PCGA Vice Chairman, together with Khawaja Riaz Hussain Siddiqui and Shehzad Ali Khan, said the ginners are facing too many difficulties due to improperly devised policies of the Government.
 
Alleging that the Government as well as All Pakistan Textile Mills Association (APTMA) have isolated the ginners, and that the farmers are also pressurizing them, the PCGA officials underscored the need for uniform treatment of ginners along with other stakeholders.
 
They said although the ginning industry pays higher revenues to the Government as compared to other sectors, it is being overlooked and troubled. 
 
As against the price of Pk Rs. 2,700-3,000 per maund that ginners originally paid for procuring cotton, private and public banks were extending loans based on procurement price of Pk Rs. 1,800-2,000 per maund, the PCGA officials said. They urged the Government to take note of the situation and direct banks and financial institutions to raise the loan limits for cotton procurement.
 
They further demanded that the Ministry of Finance and the State Bank of Pakistan should direct all commercial banks to bring down their mark-up and spread rates, which are the highest now, as such heavy charges are badly hitting the ginners.
 

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

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

Rupa Sood and Sharan Apparao
Nayaab

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 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