| Government urged to link R&D with cotton
sale
In a desperate move apparel sector demanded of
the caretaker government to link provision of research and development
(R&D) to the cotton yarn sector with the commodity sales in the local
market.
They said that Government should forthwith link
the provision of R&D with the cotton sale in the local market.
Reiterating the primary demand, Javed Bilwani, Chief Co-coordinator of
Pakistan Apparel Forum (PAF), said that the caretaker Government
should provide the cotton yarn sector with the R&D, but make it sell
the commodity in the local market in order to salvage the dwindling
value-added garments sector.
He said that about five months ago, the price of
good quality cotton yarn per pound was Rs 62 which had gone up to Rs
73 presently and the medium quality was available at Rs 53 per pound
had reached Rs 65. Consequently, the export orders booked earlier have
become difficult for them to fulfill on time and faced with the
financial losses running into million of rupees in current season.
Enumerating the losses after the increase in gas
and cotton yarn prices, the value-added garments industry is striving
hard to sustain the losses. However, he urged upon the Government to
lesson the huge increasing financial burden from this industry by
providing the raw items on reasonable prices in the local market.
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