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Tag Archives: Pakistan Cotton Ginners Association (PCGA)

Ire over 5pc ST brewing: Cotton prices reel from higher phutti arrival

Cotton

KARACHI: Expected bumper crop in most cotton-producing countries including Pakistan and Cotton market and higher phutti (seed cotton) supply pushed the prices further down while spinners and exporters rushed to build their stocks on falling prices. Expected larger size of crop by most cotton-producing countries, including Pakistan, is keeping lint prices under pressure. Floor brokers said that the cotton procurement ... Read More »

KCA revises cotton rate as prices on decline in market

Cotton

KARACHI: With the declining price in the open market, the Karachi Cotton Association (KCA) revised cotton spot rate downwards by Rs50 per maund to Rs5,050 per maund. According to reports, higher cotton production made the ginners to reduce price. It is to be noted that the KCA had decreased its rate by a total of Rs100 per maund in the ... Read More »

5pc ST: Ginners, millers to plead withdrawal with Bajwa

Cotton

MULTAN: The representatives of Pakistan Cotton Ginners Association (PCGA) and Oil Mills Association will meet Federal Board of Revenue (FBR) Chairman Tariq Bajwa this week to plead for the withdrawal of 5 percent sales tax imposed on the cotton seed cake. It is to be noted that both the associations had vehemently demanded the FBR chairman to withdraw the newly-imposed ... Read More »

5pc ST on oil-cake: FBR seeks substitute proposals from PCGA

PCGA

MULTAN: Pakistan Cotton Ginners Association (PCGA) Vice Chairman Asim Saeed Sheikh claimed that the Federal Board of Revenue (FBR) had sought substitute proposals in case of non-imposition of five percent sales tax on oil-cake (Khal). According to a PCGA release, a delegation of the association led by its VC Asim Saeed Shiekh met Chief Commissioner RTO In-Land Revenue Mohammad Jameel ... Read More »

Ginners demand withdrawal of 5pc tax on cotton seed cake

PCGA

MULTAN: The Pakistan Cotton Ginners Association (PCGA) demanded the government withdraw the SRO issued for the imposition of five percent tax on cotton seed cake. Addressing a press conference, PCGA President Mukhtar Baloch along with its members Haji Muhammad Akram, Shehzad Ali Khan demanded the government to provide relief to cotton industry. He regretted that cotton trade was confronted with ... Read More »