Pakistan Cotton Ginners Association (PCGA), has threatened to cancel the basic membership of those ginners who were violating the decision of the association and running their factories two months before the schedule already announced.
Addressing a joint press conference Mian Abdul Waheed Sajjad, vice chairman, Shaikh Muhammad Saeed, ex-chairman of PCGA, and Shaikh Muhammad Farooq ex-vice chairman said that violators would deprive of their right of vote in next election besides losing their membership if they did not close their factories till July 27.
They said that PCGA has announced to run all the ginning factories from September 1 in Sindh, and October 1 in Punjab but some ginners had run their factories on their own choice.
They urged upon the government to ask the Trading Corporation Pakistan (TCP) to purchase remaining stock of 4,53,000 bales of cotton lying in ginneries to save them from financial crisis. They said that some influential groups of spinners, weavers and textiles had used unnatural tactics to cut the prices of cotton and to put the ginners in severe financial trouble.
They demanded that TCP should purchase their stock on support price and complete ban must be imposed on the import of cotton till the disposal of stock.
PCGA leaders said that State Bank should issue instructions to the banks for rescheduling the loans on ginners.
They said that production target of 11.5 million bales could not be achieved unless government would take measures to come out of this situation.
Comments
Comments are closed.