March 2008

 
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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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