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PCGA conference to voice cotton farmers, ginners' woes

28
Mar '12
Pakistan Cotton Ginners Association (PCGA) will organize a national level conference to voice several issues concerning the cotton industry in the country.

According to PCGA, the conference would discuss issues like cotton scarcity and exploitation of cultivators and ginners by textile mill owners, which has resulted in a loss of PK Rs. 225 billion to the domestic agriculture sector.

Prime Minister Syed Yousaf Raza Gilani would also be requested to attend the conference to understand the problems faced by farmers and ginners due to Ministry of Textile's prejudiced behaviour, PCGA Chairman Amanullah Qureshi said.

He alleged that commercial banks have sanctioned loan amounts that are less than the limits prescribed by the State Bank of Pakistan (SBP) for buying raw cotton.

He called upon the Governor of SBP to formulate a debt policy 2012-13 for ginners, and direct all banks to strictly follow the same.

He urged the Government to direct Trading Corporation of Pakistan (TCP) to step in as third party buyer to bring stability in cotton prices and to protect interests of cotton growers.

PCGA also restated its demand for immediate announcement of cotton policy 2012-13.

According to Mr. Qureshi, if the Prime Minister had ensured execution of his order directing TCP to procure one million cotton bales, farmers would have been in a far better economic state today.

Fibre2fashion News Desk - India


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