AGL 36.51 Decreased By ▼ -1.49 (-3.92%)
AIRLINK 216.01 Increased By ▲ 2.10 (0.98%)
BOP 9.46 Increased By ▲ 0.04 (0.42%)
CNERGY 6.59 Increased By ▲ 0.30 (4.77%)
DCL 8.50 Decreased By ▼ -0.27 (-3.08%)
DFML 40.90 Decreased By ▼ -1.31 (-3.1%)
DGKC 99.48 Increased By ▲ 5.36 (5.69%)
FCCL 36.48 Increased By ▲ 1.29 (3.67%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.17 Increased By ▲ 0.78 (4.76%)
HUBC 126.25 Decreased By ▼ -0.65 (-0.51%)
HUMNL 13.35 Decreased By ▼ -0.02 (-0.15%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 6.71 Decreased By ▼ -0.23 (-3.31%)
MLCF 44.24 Increased By ▲ 1.26 (2.93%)
NBP 60.50 Increased By ▲ 1.65 (2.8%)
OGDC 222.49 Increased By ▲ 3.07 (1.4%)
PAEL 40.60 Increased By ▲ 1.44 (3.68%)
PIBTL 8.16 Decreased By ▼ -0.02 (-0.24%)
PPL 191.99 Increased By ▲ 0.33 (0.17%)
PRL 38.60 Increased By ▲ 0.68 (1.79%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 103.50 Decreased By ▼ -0.50 (-0.48%)
TELE 8.62 Increased By ▲ 0.23 (2.74%)
TOMCL 34.86 Increased By ▲ 0.11 (0.32%)
TPLP 13.60 Increased By ▲ 0.72 (5.59%)
TREET 24.99 Decreased By ▼ -0.35 (-1.38%)
TRG 71.99 Increased By ▲ 1.54 (2.19%)
UNITY 33.33 Decreased By ▼ -0.06 (-0.18%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

ISLAMABAD: Pakistan Central Cotton Committee’s (PCCC) governing body on Thursday expressed serious concern over the prolonged delays in addressing disputes related to cotton cess, which remained unresolved for the past eight years.

The issues were discussed during a meeting of the governing body of PCCC chaired by the Minister for National Food Security and Research, Rana Tanveer Hussain.

The meeting highlighted how these delays have negatively impacted the efficiency of the PCCC and its ability to contribute effectively to national cotton research and development (R&D).

PCGA reveals significant cotton output decline YoY

The governing body proposed immediate steps to address the cess issue, ensure the recovery of outstanding dues, and restore the financial stability of the PCCC.

In addition to addressing the cess disputes, the meeting also reviewed proposals to restructure the PCCC, aiming to improve its governance and operational framework.

The goal is to enhance cotton R&D efforts and provide better support for cotton growers across the country.

Hussain emphasised the need for innovative public-private partnerships and focused research initiatives to address the current challenges facing the cotton sector.

He announced plans to host a National Cotton Conference in Multan on February 4, 2025.

The conference will provide a platform for stakeholders to devise sustainable strategies to revive and grow the cotton industry.

Reaffirming the government’s commitment, Hussain assured continued support for cotton growers and stressed the importance of strengthening the PCCC’s role as a key institution for the development of the cotton sector.

Copyright Business Recorder, 2024

Comments

Comments are closed.