Pakistan allows cotton imports from India via land

13 Dec 2007

1

Mumbai: The Pakistan government has allowed import of 500,000 bales of short-staple cotton by land from India, the government said.

The decision, taken by the Economic Co-ordination Committee (ECC), temporarily eases a cap that safeguards local growers from surplus stocks with its neighbour.

The committee reviewed Pakistan textile mills' requirements, which
fluctuate between 14 and 16 million bales every year.

Pakistan, the world's fourth-largest cotton producer, is expected to
see a 1.33 million shortfall in output at 12.80 million bales in the 2007-08 crop year.

Pakistan already imports cotton from India and various other countries by sea, a route industry officials say adds more than Rs200  ($3.30) per maund in import costs.

In May, the government allowed imports of long-staple-cotton by land
from all neighbouring countries, including India, but deferred a decision on importing short-staple-cotton until it analysed its impact
on domestic growers.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more