ISLAMABAD: Showing worries over the fall in cotton production as well as low wheat return, the National Standing Committee on Business on Thursday asked the pertinent ministry to bridge shortage with prompt imports to contain price hike in residential market.
The conference, chaired by board chairman MNA Naveed Qamar, suggested to the Ministry of National Food Security & Research to deal with minimal support price for cotton to urge its manufacturing in the country. Cotton yield fell to 6 million bales in the present year from 12m bales owing to multiple reasons.
Assistant Food Ghufran Memon briefed the committee over the import of wheat to connect the demand in regional production. He stated this year’s wheat manufacturing is approximated at 26.04 million tonnes while the need is 29m tonnes. In 2014, 25.25 m tonnes of wheat was produced.
He additionally stated that 1.2 m tonnes of wheat seeds and 1m tonnes of wheat are in critical gets. “We have imported 3.6 m tonnes. We will import wheat from Ukraine and also Russia this year,” he included.
Five years earlier, wheat support price was Rs1,600 per 40 kg which was increased to Rs1,800 before sowing of the plant start this period.
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Mr Qamar claimed the purchase price in Sindh is greater than other provinces, for that reason wheat will most likely to the province. However, Assistant Food stated that Sindh has the ability to acquire 1.2 m tonnes wheat, for that reason, it will deny from any other district.
As opposed to this, Punjab’s target is 3.5 m tonnes.
On the issue of cotton, the committee recommended the MNFSR to take care of minimal support price for cotton.
Assistant Food notified the board that the ministry has actually already recommended the minimum support rate for cotton, nonetheless it was not considered. There is a shortage of 5-6m bundles in cotton this year.
The government has actually also enabled duty-free import of cotton and also cotton yarn to satisfy the need of the value-added industries. Cotton still represents 72pc and also artificial 28pc of the worldwide trade market, Business Assistant Saleh Farooqi stated.
MNA Javed Ali Shah claimed, “India and other countries have reached Bt cotton 6. We are still at Bt cotton 1.”
Mr Qamar and also Chairman Trading Corporation Pakistan (TCP) Riaz Memon also traded strong words over the rise in wages of staff members. The board had actually summoned the firm chairman to boost the incomes of TCP employees.
Mr Memon informed the committee that work is being done to boost the salaries of staff members. However, he grumbled that employees are abusing him. He went on to state that recruitment in TCP were made on political grounds because 2011.
“The wages of TCP motorist and replacement carrier is much greater than various other agencies,” the chairman TCP stated. He said the NA committee need to not offer him guidelines. “TCP is an independent body. If stress mounts on me, I will certainly surrender,” he claimed.
Mr Qamar asked the TCP chairman to leave the meeting in case he could not follow the instructions of the standing committee. “This Parliament is supreme and everybody right here is liable,” he said.