| FPCCI concerned over reluctance of
Indian cotton exporters
President, Federation of Pakistan Chambers of
Commerce and Industry (FPCCI) Tanvir A. Sheikh has expressed serious
concern over the reluctancy of Indian cotton exporters to fulfill
their commitments with Pakistani buyers.
He said such tactics will not only damage the
creditability of Indian businessmen, it will also create obstacles in
the politico-economic relations of the neighboring countries.
After a long debate and efforts, Federation of
Pakistan Chambers of Commerce and Industry (FPCCI) and All Pakistan
Textile Mills Association succeeded to get permission from the
Government of Pakistan to import cotton from Wagha boarder. Almost
half of the 2.4 million bales of cotton imported by Pakistan to
overcome a domestic shortage were procured from India.
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