ISLAMABAD: Federal Minister for Textile Industry Abbas Khan Afridi has said that in the coming cotton season, the Trading Corporation of Pakistan (TCP) would be directed to purchase seed cotton instead of lint cotton, so that farmers get the maximum benefit and cotton prices also remain stable. In this regard, the ministry will soon submit a summary to the Economic Coordination Committee (ECC) for allocating funds for timely intervention in the cotton market. Afridi said that cotton is the cornerstone of the textile sector as it contributes 55% to Pakistan’s exports.
Published in The Express Tribune, April 11th, 2014.
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