MIAN ZAHID DEMANDS IMMEDIATE RESCUE MEASURES FOR GINNERS.

FPCCI's Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the largest foreign exchange earning sector is in trouble, therefore it should be rescued otherwise country will face heavy losses.

He said that the textile sector which is the second-largest job provider is facing a host of issues while the cotton ginning sector is on the brink. Mian Zahid Hussain said that bales worth Rs20 billion are lying under the open sky as there is no buyer as many textile mills are closed due to prolonged lockdown and other reasons. Talking to the business community, the veteran business leader said that textile mills have not paid Rs30 billion to ginners due to closure depriving them of the ability to pay the growers.

The former minister noted that the issues of ginners could be resolved if TCP buy the unsold cotton stock enabling ginners to pay the growers. He said that sales tax should be...