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Politics

Pakistan Need Indian Cotton

Pakista need to Import of vegetable from India favorable for inflation. Further more Import of raw material from India favorable for pharmaceutical during Covid years are essential. May 2020, Pakistan lifted the ban on import of medicines and raw material from India to ensure there is no shortage of essential drugs amid the COVID-19 pandemic.

Pakistan’s textile ministry headed by Prime Minister Imran Khan has recommended the lifting of a ban on the import of cotton from India to bridge the raw material shortfall the country’s textile sector was facing, according to a media report on Tuesday.


The Ministry of Textile Industry has sought permission from the Economic Coordination Committee (ECC) of the Cabinet to lift the ban on import of cotton and cotton yarn from India, the Dawn News reported, quoting official sources.


We already submitted the summary to the ECC more than a week ago to lift the ban, an official said, adding the decision of the coordination committee will then be placed before the federal Cabinet for formal approval.


Prime Minister Khan, as in-charge of the Commerce and Textile Ministry, has already approved the summary to be placed before the ECC, the report said.
The low yield of cotton bales in Pakistan has created problems, paving the way for import from India.


The government’s decision to consider lifting the ban from India came as a big relief for the value-added textile sector, which seeks access to cheap raw materials.

Pakistan Textile Exporters Association Chairman Khurram Mukhtar in a tweet said that import of raw cotton, yarn and grey fabric from India will bridge the gap in demand and supply. It will enable Pakistani exporters to continue growth momentum, he said.

Currently, cotton and yarn imports are allowed from all countries except India.
Pakistan suspended trade ties with India after New Delhi revoked the special status of Jammu and Kashmir in 2019.Pakistan media reports.

By Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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