AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Federal Secretary, Textile, Musaddaq Muhammad Khan has said that seven new 'Cotton Standard Institutes' would be established in the cotton zone to improve its quality. He said that the Government has decided to reduce customs duty to zero for raw material. However, there is no plan to declare Multan a 'Textile city'. Addressing the certificate distribution ceremony of cotton selectors he said that more than Rs 240 billion was injected in textile sector to bring it at par with international standard.
Of this, 60 percent was injected in existing industry, while 40 percent was used to establish new industry. He said that China had attained supremacy over all textile exporting countries including Pakistan.
He was informed by trainees that cotton standard machinery (HIV) worth Rs 15 million was lying idle for the last several years and they have been facing difficulties in experiments. Upon this, Musaddaq asked the trainees to take him to the laboratories of reputed textile mills.
He said that grading system would be introduced in the country to get rid of contaminated raw cotton.
PCSI Joint Director Liaquat Ali Khan said that Pakistan earns 70 percent of its total foreign exchange through the exports of cotton products. It provides jobs to 1.5 million farmers, and 24 percent labour is attached with this industry. There are 1200 ginning factories, 5000 textile mills, 5000 oil mills, and 600 soap and feed factories.
Talat Suhail, Muhammad Siddique Khan and Shahid Nadeem also spoke.
Later, certificates were distributed among 80 trainees.

Copyright Business Recorder, 2005

Comments

Comments are closed.