LAHORE – The Pakistan Cotton Forum (PCF) has appreciated APTMA for its efforts in securing a free market for cotton trade. APTMA, by seeking timely intervention from the President of Pakistan, helped in a transfer of Rs 200 billion to the farm sector. PCF Chairman Seth Muhammad Akber expressed hope that this financial resource transfer to the farm sector would steer cotton farmers out of the devastating impact of recent floods, principally hitting the cotton growing areas.
He hailed the APTMA leadership, stating that it deserves appreciation from the cotton farmers for helping transfer international cotton price to the farm sector. He asserted that the free market mechanism can help fair transfer of resources to all sub-sectors without hurting any link of the textile chain in the country.
The PCF chairman maintained that availability of free market mechanism in the country was a defeat to certain vested interest elements, seeking unjust government intervention in cotton trade against the larger interest of cotton farmers. Seth Akber hoped that the cotton sector would increase acreage of the next crop. He was optimistic that sufficient cotton to meet the 30 percent shortage of cotton in the domestic industry would be produced, which would boost the national GDP.
