Home / Knowledge / News / Textiles / Govt all set to increase cotton cess
Govt all set to increase cotton cess
27
Apr '11
A rise of 150 percent is imminent in cotton cess, as the Pakistan Central Cotton Committee (PCCC) has already begun the process for raising the cess from Rs. 20 per bale to Rs 50 per bale.

The Pakistani government intends to increase cotton cess in order to intensify research and development activities to boost cotton output.

Rise in taxes during 2011-12 are expected to generate additional $8.14 million or Rs. 700 million, while the country's overall cotton output for 2011-12 season is expected at around 10.9 million or 480 lb bales.

Around 3.3 million hectares of area is believed to be under cotton cultivation for 2011-12 season, which is 25 percent more than last year. This rise in cotton cultivation acreage is mainly due to global cotton prices touching record high levels, which has inspired farmers to take up cotton production.

The country's consumption for 2011-12 is projected at 11.5 million bales, while its imports for the period are estimated at 1.6 million bales.

Pakistan is the fourth largest producer and third largest consumer of cotton across the world, with cotton being country's principal non-food cash crop, contributing 8.6 percent of the value addition in agriculture and 1.8 percent of country's GDP.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Textiles | On 9th Dec 2016

Heimtextil to host 230 exhibitors from 28 countries

Close to 230 exhibitors from over 28 countries are expected to...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Paolo Ocleppo
Sandvik Hyperion

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search