Hailing the recent joint initiative by the All Pakistan Textile Mills Association (APTMA) and the Pakistan Cotton Ginners Association (PCGA) to draft a national cotton policy and standardize sale and purchase contracts for raw cotton, the Karachi Cotton Association (KCA), however urged the government to ensure the inclusion of all stakeholders in these critical discussions.
KCA emphasized on its longstanding efforts to gather stakeholders of the cotton economy for a unified strategy aimed at increasing national cotton production. The association stressed, such coordination helps not only meet the growing demands of the local textile industry but also generate a surplus for export, thereby saving and earning valuable foreign exchange.
KCA had earlier developed a draft contract for the local sale and purchase of raw cotton, which includes arbitration mechanisms under the association’s bylaws. It0 urged the APTMA to accept this document instead of initiating a time-consuming process to create a new draft from scratch.
KCA also urged the government to implement quality improvement measures for cotton production, standardize packing practices, and ensure a uniform bale weight of 170 kg. It reiterated that cotton exporters play a key role in market stabilization and that their interests, along with those of growers and traders, should be reflected in the final policy.