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TCP to lift cotton by the week end

28
Nov '08
In a recently held meeting it was decided that Trading Corporation of Pakistan (TCP) will start lifting cotton from the growers and ginners by the end of this week.

Top Government officials, like Chairman TCP, Textile Secretary, Chairman APTMA, Dr Qadir Bux Baloch Agriculture Commissioner took part in the meeting.

In the meanwhile PCGA demanded that the Government should announce support price for cotton in order to safeguard the interests of ginners and growers. The Ministry of Textile assured that every possible measure would be taken to spare the growers and ginners from financial loss.

Chaudhry Muhammad Akram Jatt, Chairman PCGA, informed Fibre2fashion, “Another meeting is likely to take place today, where in terms and conditions would be discussed for purchasing of cotton. If the result of the meeting turns out to be positive, then TCP will start lifting cotton by end of this week.”

Reportedly, TCP is likely to lift around 2 million bales for of cotton for Rs3,200 per maund.

Fibre2fashion News Desk - India


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