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Industry divided over cabinet’s decision to continue ban on Indian imports
Business
April 2, 2021
KARACHI: Businessmen and traders have shown mixed response to the cabinet’s rejection to the government proposal of cotton and sugar imports from India.
Pakistan Yarn Merchants Association rejected the cabinet decision for not importing cotton from India.
The association representatives Hanif Lakhany and Farhan Ashrafi said the Economic Coordination Committee (ECC) of the cabinet allowed the import while the cabinet rejected it, which is not understandable.
The government should play serious role in economic issues, they said. The government should take efforts to provide raw material to the industry. If raw material is not available to the industry on economical rates, meeting the export orders would become difficult, they added.
Textile sector plans protest against cabinet decision
Presses govt to allow cotton yarn import from India
PHOTO: AFP
LAHORE:
The value-added textile sector of Pakistan has expressed its reservations about cabinet’s refusal to allow import of cotton yarn from India, saying that they are planning a protest in the coming days.
“According to the World Trade Organisation (WTO) laws, no one can object to trade with another country, the restrictions imposed by Pakistan on trade with India are based on political grounds, but if we allow imports of medicines from India, then why not cotton yarn,” questioned Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Patron-in-Chief Ijaz Khokhar.
Opinion
March 16, 2021
This week will mark the inauguration of the Islamabad Security Dialogue, the culmination of years of advocacy and argument for a more coherent and cogent Pakistani national security narrative that aligns with the demographic and economic realities of the country and the region it is in: growth, connectivity and opportunity. The very fact that this dialogue is scheduled to take place represents a leap forward for how Pakistan frames and projects what it wants: from itself and from the world.
The architect of this coherence is General Qamar Javed Bajwa, but the vision that it represents is a more organic and more widely shared one. Shaheed Mohtarma Benazir Bhutto’s speeches and statements on the issues date back to the late 1980s. Even in his first term as prime minister, Nawaz Sharif was able to identify the prickly elements of Pakistan’s engagement with the Mujahideen and Afghan reconciliation. Prime Minister Imran Khan has been proven to be prescient i
Cotton spot rate up Rs300 amid lower stocks thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.