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APTMA Seeks Import Of Cotton From India

2003-10-23

All Pakistan Textile Mills Association (Sindh - Balochistan zone) urged the policy-markers to explore the possibility of importing cotton from India through Wagha border.

While suggesting different measures to face the raw cotton crisis arising out of a large-scale pests attack in the cotton growing belt of Punjab, the spinners also wants the government to enter into an arrangement with world traders for maintaining their cotton stocks at export warehouses in the country.

These recommendations were made by Aptma (Sindh-Balochistan zone) in its first managing committee meeting held here on Monday under the chairmanship of its chairman Dewan Mohammad Ayub Khalid.

The meeting was called to consider the extra-ordinary rise in raw cotton prices, which has almost shaken up the confidence of the entire textile industry.

It was noted that due to heavy BMR of $4 billion in the textile spinning sector, the demand of cotton and other raw materials had increased. The meeting strongly recommended that Aptma must maintain the sanctity of free trade.

The participants also suggested that the government should arrange meetings with the international cotton traders and offer them to store their cotton stocks in export warehouses in the country rather than Dubai and Bunder Abbas, which would save extra cost of freight and would be beneficial for the textile spinners.

 
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