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No restrictions on import, export of cotton in future

There would be no restriction on export and import of cotton in future.

This was decided at a high level meeting here on Thursday with Finance Minister Ishaq Dar in the chair.

The meeting was held to discuss ways and means to dispose of the existing stocks of cotton lying in the ginneries.

According to the official sources, the meeting, after detailed discussions, decided that there would be no quantitative or any other restrictions on export or import of cotton in future.

The meeting also examined the export prospects and the overall picture of declining yield of cotton, international cotton prices and its impact on the local market.

After evaluating a number of proposals, the Minister suggested to the Pakistan Cotton Ginners Association (PCGA) and All Pakistan Textiles Mills Associations (APTMA) to come up with concrete proposals regarding grades of stock, its pricing structure and proposals for disposal of stocks in the next meeting.

Final decision in this regard will be taken in the next meeting, which is scheduled to be held on July 13, 1999.

The meeting was attended by Chairman, Export Promotion Bureau Mr. Wajid Jawad, Syed Fakhr Imam, MNA, Mr. Mahmood Ahmad, MNA, Mr. Mohammad Aqeel-ur-Rehman, MNA, Mian Ghulam Abbas, MNA, Mr. Muhammad Tahir Rashid, MNA, Mr. M. Pervaiz Malik, MNA, Ch. M. Ashraf, MNA, Sardar Kamil Omer, MNA, Chairman, APTMA, Chairman, PCGA, Representative of Cotton Growers, Secretary Commerce, Special Secretary Finance and other senior officers of the Ministry of Commerce, MINFAL CEC, etc.

PODB to import 100 tons of sunflower seed

Pakistan Oilseed Development Board (PODB) will import 100 tons of sunflower hybrid seed from Australia this year to keep the seed prices stable during the next sowing season.

A PODB source told that as many as 11 oilseed importing companies in the country had created a monopoly-like situation by creating artificial shortage of the seed at the time of sowing.

He said some 860 tons of sunflower seed were consumed during the crop season of 1998-99 in the country as the oilseed was sown on a record area of 450,000 acres across the country in the last season. He said original price of per kg sunflower seed was Rs 265 but black-marketers raised the price even to Rs 370 per kg during the last crop season which increased growers' cost of production enormously.

Dates show

Syed Ghous Ali Shah, Advisor to the Prime Minister on Sindh affairs will inaugurate 'Dates Show' on August 3, being organized by Export Promotion Bureau (EPB) in collaboration with the Sindh Agriculture Department at Shah Abdul Latif University, Khairpur.

During a two-day show from August 3 to 4, all important varieties of dates, useful date products and dates packing material and machines will be put on display.

The country exported about 65,000 tons of dates during 1997-98 and earned over $27 million. The USA, Canada, Australia, UK and Germany, Denmark, India, Nepal and Bangladesh etc are the principal buyers of Pakistan dates.

lpc extra duty on edible oil waived

The federal government has exempted the edible oil imports by ghee manufacturers from payment of 1 per cent additional customs duty if the goods are cleared within 15 days from the date of in-bonding.

A notification No 2 (77) S (T& W)/91, dated July 6, 1999, issued by the Central Board of Revenue says: "The federal government is pleased to exempt edible oils imported by the vegetable ghee manufacturers from the whole of additional customs duty (1 per cent) leviable thereof as surcharge under sub-section (1) of section 10 of the Finance Act 1991, subject to the condition that the aforesaid goods are cleared within 15 days from the date of in-bonding."

BD asked to set up tea auction centre at KEPZ

Bangladesh is seeking higher share in tea market of Pakistan for which it wants to be given preferential tariff under SAARC for the import of tea.

This was stated by the leader of tea delegation from Bangladesh and Chairman of Bangladesh Tea Board, Brig Danial Islam during a meeting with Vice President FPCCI, Maqsood Ismail in the Federation House.

The other members of the delegation included Q.I. Choudury, Chairman Bangladesh Tea Traders Association, Muhammad Abdur Rahim, Deputy High Commissioner and Mushtaq Ahmed, Commercial Officer of Bangladesh, Deputy High Commission.

Q.I. Choudury informed that annual tea production of Bangladesh is around 56 million kilogramme (kg) and the surplus left for export after domestic consumption was around 27 million kg.

EPB to import 20,000 plastic fish crates

The Export Promotion Bureau (EPB) will import 20,000 plastic fish crates for the handling of catch at Karachi Fish Harbour (KFH), officiaIs said on Monday.

The EPB had issued tenders early last month for the import of plastic crates under the specifications, prescribed by the European Union (EU). These crates will be provided to KFH and Fishermen's Cooperative Society (FCS).

Six, out of 15 bidders have been short listed through a transparent procedure for the supply of plastic crates from plastic manufacturers.

Green chilli will be exported

Pakistan is to export — for the first time — long size green chillies to Canada and Europe in the coming winter season. This will be in addition to the export of red chilies which is in great demand in the Gulf countries.

The sample of the best quality green chillies was presented to the vegetable and fruits exporters by Jhangir Tareen, Chairman, Agriculture Task Force, at a meeting held in Karachi. He inquired about the prospects of export of the long size fresh chilli which has for the first time been cultivated in Pakistan.

Exporters face problems while importers don't

It is a strange paradox of trade policies in the coumtry that exporters are facing numerous and frequent problems while carefree importers are having smooth sailing.

This was observed by chairman All Pakistan Cloth Exporters Association (APCEA) Sheikh Mukhtar Ahmad taking to newsmen here on Saturday.

Throughout the world the exporters ares accorded preferential treatment and exports are not only exempted from various taxes but are also given incentives and compensation where necessary. He said but in Pakistan every day new problems are confronting the exporters, who were spending most of their time in attending to tax offices instead of promoting exports.