Pakistan, Jan. 23 -- Members of the federal cabinet, while raising reservations over the government's decision to withdraw all regulatory/customs duties on the import of cotton, have feared that the decision would have an adverse impact on domestic cotton.
Expressing serious concerns over the Economic Coordination Committee's earlier decision with regard to the waiver of all duties and taxes on cotton import, the cabinet members said that the decision would not only have a negative impact on the prices of domestic cotton but would also discourage cotton growers, who were already abandoning this crop and switching to more profitable alternatives.
The members pointed out that cotton production has declined by around 20 per cent primarily be...