Pakistan has decided to import cotton from the Central Asian states through Torkham border, it was learnt on 11 March.

According to sources, the Ministry of Commerce has sought the ECC’s approval to import cotton from Afghanistan and Central Asian states, including Turkmenistan and Uzbekistan.

 

As per the data released by the Ministry of National Food Security and Research, cotton production in the country would most likely clock in at 7.7 million bales this year, as against the consumption of 12 million bales. Cotton ginners, on the other hand, estimated 5.5 million bales for the year.

 

Sources said that the government is mulling to import cotton and yarn from India.

 

According to sources, APTMA is currently exerting pressure on the government, asking it not to allow cotton and yarn import from India as some millers have allegedly hoarded the commodity owing to which rates were high in the market.

 

Source: profit.pakistantoday.com.pk