Senate Committee recommends imposing regulatory duty on Indian cotton import
Islamabad (Online): The Senate committee on National Food Security and Research has recommended imposing regulatory duty on the import of cotton from India.
The meeting of the committee was held on Wednesday with Syed Muzaffar Hussain Shah in the chair at the Parliament House.
Senator Muhammad Mohsin Leghari, Senator Mushadullah Khan, Senator Masood Majeed and Senator Walliam also attended the meeting.
The meeting was informed by the Textile ministry that approximately 3 lac bales of cotton are currently available in the country and Trading Corporation of Pakistan (TCP) has some 64 thousand bales while cotton is being imported from India. About 5 lac bales can be come in Pakistan through Wagha under import policy of 2016.
Federal Minister Skindar Hayat Bosan in the meeting said that quality of Pakistani cotton is much better. The Chairman Committee questioned why the TCP is not purchasing Pakistani cotton.
Senator Saud Majeed said that India gives subsidy and rebate to its exporters more than Pakistan. On this, Chairman committee asked Ministry of Commerce to impose more tax on Indian cotton.
The Chairman Committee has expressed resentment on non-participation of MD, PASCO and said that PASCO could not achieve the target of purchasing wheat from provinces. Deputy MD said that about ninety thousand tons of wheat has been purchased.
Senator Mohsin Leghari raised the issue of sacked employees of PASCO. On this Federal Minister Sardar Skindar Hayat Bosan said that MD of caretaker government had made inappropriate recruitments on major slots and this matter is under-consideration in NAB. The committee has sought details of this matter.
In the meeting, fatha was offered for the deceased former Chairman of PARC, Dr.Iftikhar and great tribute was paid to him for his services.