A meeting of National Assembly Standing Committee on Textile Industry recommended that the seed cotton (phutti) may be procured by the Trading Corporation of Pakistan (TCP) instead of lint cotton to secure growers’ interests.
The meeting was held at the Parliament House under the chairmanship of MNA Khawaja Ghulam Rasool Koreja, for detailed discussion on fixation of cotton price, considering the cost of production. Moreover, it was also suggested that the grade wise/quality wise cotton availability mechanism may be adopted for better and efficient marketing purpose.
Ministry of Textile Industry secretary apprised the committee that Pakistan has a significant position in global cotton supply.
He said the textile sector contributes over 55% of total exports and provides 40% of total industrial jobs opportunities.
Published in The Express Tribune, April 12th, 2015.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.