Home / Knowledge / News / Textiles / PCGA meeting with textile ministry turns out unfruitful
PCGA meeting with textile ministry turns out unfruitful
08
Aug '08
The joint meeting of textile and agriculture ministries and excise department which was held on August 6 to resolve the issue of ginning license and related matters, did not bear any fruitful outcome.

An indifferent attitude of the textile secretary, who refrained from being a party to the meeting, forced the Pakistan Cotton Ginners Association (PCGA) to stand firm in its decision to continue the strike unless their demands weree met.

A total of 1100 member factories of PCGA are on complete shut down from August 1, 2008, due to failure of the Textile Ministry to resolve the issues facing ginners.

Mr Ghulam Rabbani, Director, Board of Karachi Cotton Association told Fibre2fashion, “Ginners have demanded grant of trade license, withdrawal of newly imposed 3 percent tax on gross turnover, removal of 15 percent subsidy of GST on electricity bills and elimination of tax of Rs5 per bale in Punjab and Sindh.”

Although the textile commissioner did assure ginners of the issuance of ginning license by September 15 this year, urging them to reopen ginning factories, the excise department did not ascertain any amendment in the Rs5 per bale tax policy.

However, what the authorities fail to realize is that the newly imposed taxs will only burden the ginning sector forcing them to bear a financial burden of around Rs55 million in a quarter. As a matter of fact, the major sufferers would be the growers and suppliers of cotton seed because as long as the shut down continues, the cotton seed stock will lose its quality incurring heavy losses.

A total of 881 units were operating in Punjab while the numbers were near 205 in Sindh, all under the umbrella of PCGA.

However, it has been reported that, under the burgeoning pressure of financial crisis and stagnant business, some 23 ginning factories in Sindh area have reported to start functioning from today and more will do so in the next few days.
Related news

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kai Poehler
Voith Paper GmbH & Co. KG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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