PAKISTAN: POLITICS cotton prices
Syed Arif (Arif Saeed), head of the Association of Textile Industry of Pakistan (APTMA), again drew the Government#39;s attention to the fact that the Trading Corporation of Pakistan (TCP) sells local cotton textile mills and exporters at different prices. According to sources, the statement Syed Arif referred to the fact that the TAP was selling cotton for local textile factories 2.300-2.500 rupees per maund, and exporters - at 2,150 rupees per maund. This difference in prices means that the spinners in India and Bangladesh, Pakistani cotton produced at a significantly lower price than on the one on which it is discharged from the factories.
The head of the association insisted that TAP has revised the policy in cotton prices, which gave an advantage to competitors Pakistani factories.
