Ginning Factories will not be operational in 2020 season-PCGA Chairman

MultanJune 21st: Pakistan Cotton Ginners Association (PCGA) Chairman Mian Muhammad Javed Sohail Rahmani, Senior Vice Chairman Harish Kumar, Vice Chairman Hafiz Abdul Latif, Former Chairman Haji Muhammad Akram, Shahzad Ali Khan, Mahesh Kumar, Dr Jasomal, Former Vice Chairman Chaudhry Waheed Arshad, Sheikh Muhammad Asim Saeed, Mahar Mohammad Ashraf Mahar, Sarfraz Nazim while giving media briefing along with senior member Masood Arif said that ginning industry is in a state of disarray due to the burden of taxes, reduction in crop size, corona pandemic and exploitative attitude of the government. The government's failure to provide a comprehensive and viable policy for the enhancement of cotton production and it also failed to provide relief to cotton growers, ginning industry and oil mills in the budget which may cause severe concern and disappointment. They are real stakeholders of cotton produce which is dwindling down day by day due to ill-conceived policies of the Government.
Despite assurances made by the Ministers , Advisors to Prime Minister and Chairman FBR to the PCGA delegation in a number of meetings in Islamabad. They said that the Government failed to give any incentive, facility or bailout package to ginning industry which is at the brink of disaster.They warned that Cotton ginning factories will not be operational in the 2020 cotton season because current situation has broken the back of ginners as well as farmers
PCGA leaders said that the current situation threatens the survival of the ginning industry and the cotton ginners have been forced to lock down their factories altogether. The government has paved the way for imported cotton by pursuing a foreign agenda instead of a domestic one, and the domestic cotton is in a state of disrepair and the crop size is steadily declining. It is very disappointing that despite the decision of the Economic Co-ordination Committee, the Animal Feed (oil-cake) has not been exempted from sales tax.
Pointing out the anomalies in the Finance Bill, the PCGA leadership has submitted its recommendations to the three-member committee set up by the government and the 11-member committee set up by the FBR, as well as the Senate Standing Committee on Revenue. They appealed to the government to provide immediate relief for the survival of the ginning industry. In addition, the PCGA delegation will present proposals for relief to the Senate Standing Committee on June 22, 2020.
PCGA Chairman appealed to the Prime Minister of Pakistan and the concerned government ministers to remove the reservations of the ginning industry before the approval of the budget in the National Assembly and provide relief for the survival of the ginning industry on a priority basis.