Technological modernization can increase cotton yield in the country: Fakhar Imam.
ISLAMABAD -- Federal Minister for National Food Security and Research, Syed Fakhar Imam on Saturday said technological modernization can increase cotton yield in the country.
He said this while meeting a two-member delegation of Pakistan Cotton Ginners Association (PCGA). They discussed the cotton production situation in Pakistan.
Sohail Javed Chairman PCGA iterated that the declining cotton production is affecting ginning sector, the most. As seed cotton (the raw material) for ginning factories cannot be imported.
They further added that cottonseed cake, a byproduct of cotton is used as livestock feed to enhance milk production, is subject to multiple taxes.
They said other issues like piled up tax refunds, slower buying of cotton by APTAM, and liquidity issues hampering the ginning sector adversely during the COVID 19 era.
They urged the Food Ministry to must act to resolve their issues and save this sector. The Minister praised their concerns of lower cotton production and assured that the Ministry is working on Chines Seed Technology for yield-enhancing and securing funds to lower the cost of production to make cotton production a profitable business.
Syed Fakhar Imam further said the Ministry would take up the Taxation issue with Finance Division and leave no stone unturned to get relief...
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