Home / Knowledge / News / Textiles / PCF lauds APTMA for securing free market mechanism
PCF lauds APTMA for securing free market mechanism
10
Jan '11
Pakistan Cotton Forum (PCF) has appreciated the APTMA efforts in securing free market mechanism for cotton trade by seeking timely intervention from President of Pakistan and helping transfer of Rs200 billion to the farm sector representing cotton.

Chairman PCF Seth Muhammad Akber expressed the hope that this financial resource transfer to the farm sector would steer the cotton farmers out of devastating impact of recent floods, principally hitting the cotton growing areas.

According to him, the APTMA leadership also deserves appreciation from the cotton farmers for passing on international cotton price to the farm sector by actively pursuing the government on free market mechanism. In contrast, he said, the Indian cotton farmer is being hit hard due to suppressed cotton prices by 30 percent approximately amidst unwanted government intervention to free market mechanism there.

He said it is right time to learn lessons as how the free market mechanism can help fair transfer of resources to all sub-sectors without hurting any link of the textile chain in the country.

According to the PCF chairman, availability of free market mechanism in country is also a defeat to the certain vested interest elements seeking unjust government intervention in cotton trade against the larger interest of the cotton farmers.

Seth Akber expressed the hope that the cotton sector would increase acreage of next crop season with continuity of free market mechanism in the country by producing sufficient cotton to meet 30 percent shortage of cotton in domestic industry, which would add overall growth in the national GDP.

The Pakistan Cotton Forum is the largest body of stakeholders in the country representing All Pakistan Textile Mills Association to Farms Associate Pakistan, Pakistan Cotton Ginners Association and Karachi Cotton Association, with sole objective of promoting cotton economy.

All Pakistan Textile Mills Association

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

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

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
February 2017

February 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