Spinning industry of Pakistan is apprehensive about the increased import of finer counts yarn (above 30 counts) at lesser rates from India at the time when the country is facing energy and gas outages leading to high cost of doing business. According to Cotton analyst Naseem Usman, TCP’s intervention has helped cotton producer to get better price but it has also encouraged the spinning industry to go for imported cheap cotton from across the border. In addition, Aptma Chairman S.M. Tanveer said that TCP’s intervention in cotton trade will incur huge losses to national exchequer because cotton prices world over are depressed this season.
