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‘Discriminatory tax policy hit lint production’

22 0
13.03.2025

ISLAMABAD: The committee formed by the prime minister for the revival of the cotton crop on Tuesday recommended uniform tax policies for domestic and imported cotton, along with several other key suggestions.

Minister for National Food Security and Research Rana Tanveer Hussain chaired the first meeting of the 15-member Committee on Cotton Crop Production Enhancement.

While making a detailed presentation on the factors that halved lint production in the current fiscal year, Pakistan Central Cotton Committee Vice-Chairman Dr Yusuf Zafar pointed out a discriminatory 18 per cent sales tax reduced the competitiveness of local cotton and discouraged growers.

Dr Yusuf Zafar and other stakeholders raised several pressing issues, including the lack of high-quality seeds, proper area zoning,........

© Dawn Business