ISLAMABAD: The intervention price of cotton has been fixed at Rs3200 per 40 kilograms for fiscal year 2015-16.
The National Assembly Standing Committee on Textiles and Ministry of National Food Security and Research have unanimously decided the price after discussing the proposals of sub-committee’s report on cotton price and the FBR’s proposals regarding increasing sales tax on value added textile export sector.
The National Assembly standing committee on textiles also decided to take provinces on board to implement intervention price and recommended that Trading Corporation of Pakistan should be made bound to procure at least two million cotton bales for coming season. It suggested that TCP should hire ginning units for cotton season to protect small farmers.
