Home / Knowledge / News / Textiles / FPCCI shows reaction on cotton export
FPCCI shows reaction on cotton export
01
Aug '08
Mr. Tanvir A. Sheikh, President, Federation of Pakistan Chambers of Commerce and Industry has strongly reacted on the news that Pakistan would export 50,000 short staple cotton bales in 2008-09.

He said that country would earn only Rs. 1 billion by export of 50,000 cotton bales, but we can earn more than Rs. 6 billion by using this cotton to make intermediate textile product - yarn and grey fabrics. These earning can be increased more than Rs. 20 billion by making finished textile products.

Mr. Tanvir A. Sheikh mentioned that Pakistan's annual production of cotton is about 11.5 million bales and country's annual requirement stands at 16 million bales leaving a shortfall of over 4 million bales. It is also notable that about 1.6 million bales were imported from India last year.

He demanded that the government must immediately impose ban on export otherwise textile industry of Pakistan will face severe problems. In the last fiscal year, we observed decreasing trend in the textile sectors. One of the major reasons of this declining was shortage of raw cotton in the country.

If government does not take this matter seriously then it will become very difficult for us to achieve export target of $22.1 billion in this year. The permission to allow export of cotton is not at all in the interest of the country, as the local price of cotton which used to be available at Rs 2,700 to Rs 3,000 per maund has surged to a price of Rs 4,200 per maund.

Mr. Tanvir A. Sheikh said that we were hoping that government would impose ban on export of cotton in the trade policy 2008-09 but trade policy was silent on this issue. It indicates that government is not interested to provide safeguard to textile sector, which is the backbone of the country and has potential to reduce the gap of trade deficit.

Despite of various problems like high utility charges, energy shortage, high cost of capital and lack of infrastructure, textile sector is still contributing more than 60 percent in the country's total export. The export of cotton from Pakistan at this stage is tantamount to destruction of textile industry. Instead of providing relief to textile sector, government policies are continuously creating more problems.

Federation of Pakistan Chambers of Commerce and Industry


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

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

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

August 2017

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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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