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Pakistan textile units due to high cost of utilities relocating

Related Keywords: either shut down or relocated to regional countries, government need ensure level playing field, high cost of utilities, large number of textile units, National Assembly standing committee, number of factors put the country’s exports at risk, representatives of the value-added textile sector, Textile Industry, to grow export

The National Assembly’s Standing Committee on the Textile Industry was informed by the representatives of the value-added textile sector on Tuesday about a number of factors that have put the country’s exports at risk. Also a large number of textile units have either shut down or relocated to regional countries due to a high cost of utilities.

Minimum price of cotton lint, seed fixed at Rs3000 per 40 kg by NA

Related Keywords: cost of sowing, cost parameters, finalized for financial year, for cotton lint and seed, minimum intervention price, National Assembly standing committee, recommendations of API, support cotton farmers, Trading Corporation of Pakistan

The minimum intervention price of cotton lint and seed was finalized at Rs. 3000 per 40 kilograme for financial year 2015-16 on the recommendations of API, who stated that after considering 35 cost parameters, they have calculated that the cost of sowing 40 kg of cotton crop adds up to Rs.3000 by the National Assembly Standing Committee on Textiles on Wednesday.

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