Decision on short staple cotton import via Wagha, coming soon

11 Dec '07

3 min read

The Economic Coordination Committee of the Cabinet, in its next meeting, is likely to take decision for import of short staple cotton from India via Wahga.

Caretaker Commerce Minister Shahzada Alam Monnoo, addressing the members of the business community of Pakistan at Headquarters of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) at Federation House here on Saturday, said that the government was taking some steps to meet the textile industry requirements of cotton and other raw material, and the proposal for import of short staple cotton was a part of these efforts.

He said that the government was aware that the country was facing some 3 – 4 million cotton bales shortage. Therefore, some steps were being taken to meet the industry's demand.

“The recognition of women chamber of commerce and stuck up amount of Rs 9.23 million for the department of research and development in FPCCI would also be released in my tenure,” he said.

He said that, to address the challenges faced by textile industry, “We announced a number of initiatives in trade policy and government is still carrying on a consultative process to find feasible ways and means to over come these challenges”.

“The Government is fully cognizant that we are facing challenges both at home and abroad including rising energy prices, high financial costs, negative perceptions about Pakistan and in some cases market access issues are major obstacles to higher exports, he said.

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