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Cotton industry bonanza announced under new cotton plan
19 Dec '05
1 min read
Cotton growers and ginning factories would be given additional Rs 50 per maund as incentive, stated Federal Minister for Textile Mushtaq Ali Cheema at a reception hosted by Pakistan Readymade Garment Manufacturers & Exporters Association (PRGMEA).
Explaining the incentive, Cheema added that implementation on new cotton plan would begin the next week.
A special incentive of Rs 30 per maund would be given to those factories, which have been set up with advanced ginning machineries.
Cheema also added that sales tax perceived as a major stumbling block in the development of textile, has been eliminated totally.
A New Labour Law draft in the offing will soon be presented to the cabinet for its approval, also informed Cheema.
Explaining the incentive, Cheema added that implementation on new cotton plan would begin the next week.
A special incentive of Rs 30 per maund would be given to those factories, which have been set up with advanced ginning machineries.
Cheema also added that sales tax perceived as a major stumbling block in the development of textile, has been eliminated totally.
A New Labour Law draft in the offing will soon be presented to the cabinet for its approval, also informed Cheema.
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