AGL 35.20 Decreased By ▼ -0.50 (-1.4%)
AIRLINK 123.23 Decreased By ▼ -10.27 (-7.69%)
BOP 5.04 Increased By ▲ 0.07 (1.41%)
CNERGY 3.91 Decreased By ▼ -0.12 (-2.98%)
DCL 8.15 Decreased By ▼ -0.27 (-3.21%)
DFML 44.22 Decreased By ▼ -3.18 (-6.71%)
DGKC 74.35 Decreased By ▼ -0.65 (-0.87%)
FCCL 24.47 Increased By ▲ 0.22 (0.91%)
FFBL 48.20 Increased By ▲ 2.20 (4.78%)
FFL 8.78 Decreased By ▼ -0.15 (-1.68%)
HUBC 145.85 Decreased By ▼ -8.25 (-5.35%)
HUMNL 10.85 Decreased By ▼ -0.15 (-1.36%)
KEL 4.00 Decreased By ▼ -0.06 (-1.48%)
KOSM 8.00 Decreased By ▼ -0.88 (-9.91%)
MLCF 32.80 Increased By ▲ 0.05 (0.15%)
NBP 57.15 Decreased By ▼ -0.65 (-1.12%)
OGDC 145.35 Increased By ▲ 2.55 (1.79%)
PAEL 25.75 Decreased By ▼ -0.26 (-1%)
PIBTL 5.76 Decreased By ▼ -0.16 (-2.7%)
PPL 116.80 Increased By ▲ 2.20 (1.92%)
PRL 24.00 Decreased By ▼ -0.15 (-0.62%)
PTC 11.05 Decreased By ▼ -0.42 (-3.66%)
SEARL 58.41 Increased By ▲ 0.41 (0.71%)
TELE 7.49 Decreased By ▼ -0.22 (-2.85%)
TOMCL 41.10 Decreased By ▼ -0.04 (-0.1%)
TPLP 8.31 Decreased By ▼ -0.36 (-4.15%)
TREET 15.20 Increased By ▲ 0.12 (0.8%)
TRG 55.20 Decreased By ▼ -4.70 (-7.85%)
UNITY 27.85 Decreased By ▼ -0.15 (-0.54%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 8,528 Increased By 68.1 (0.8%)
BR30 26,868 Decreased By -400.5 (-1.47%)
KSE100 81,459 Increased By 998 (1.24%)
KSE30 25,800 Increased By 331.7 (1.3%)

Prime Minister Yousaf Raza Gilani has said that "we should adopt modern technology to achieve the target of 20 million bales of cotton".
Talking to a delegation of Pakistan Cotton Ginners Association (PCGA), headed by chairman Masood A Majeed, in Circuit House, Multan on Sunday, he said: "If we managed to achieve this target, then we would be able to earn maximum foreign exchange, and there would be no need of foreign loans and begging loans from the IMF, the World bank, and other monetary institutions."
The Prime Minister also issued instructions to concerned authorities for establishment of 'Ginning Research Institute' in Multan, and assured the delegation members that it would be completed soon.
Prime Minister assured them to allot a plot to PCGA for construction of its office in Islamabad and to resolve their problems. The Prime Minister listened to the grievances of the ginners patiently and issued orders on the spot. He agreed to inaugurate the building of Rahimyarkhan Chamber during his visit to the city on February 12, on the request of former chairman of PCGA Muhammad Ibrahim. The delegation members expressed reservation on the issuance of licences for the establishment of sugar mills in cotton zone, describing it detrimental to the country's economy.
They said that Pakistan needs foreign exchange, not sugar, "and we should bring maximum area under cotton crop to achieve the objective of 20 million bales of cotton".
The delegation comprised on Masood Majeed, Shehzad Ali Khan Vice Chairman(North), Rashid Mehmood vice chairman (South) Muhammad Akram, Muhammad Ibrahim ex-Chairmen of PCGA, Amanullah Qureshi, Mukhtar Ahmed Khan, Hafeez Anwar, Muhammad Ilyas, Khalid Hanif Lodhi and Sadar-uddin.

Copyright Business Recorder, 2011

Comments

Comments are closed.