PM Imran delays execution of duty withdrawal on cotton import

PM Imran delays execution of duty withdrawal on cotton import

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The withdrawal of all duties on cotton import has triggered grave concern among cabinet members who contend that the move will have a hostile effect on cotton prices in the domestic market.

In a high-level meeting, they asked the premier to delay execution of the duty removal decision for some time in order to let the growers yield the remaining crop.

Nevertheless, the textile ministry opposed the proposal. The government has lately withdrawn all the duties on cotton import after pressure by the textile millers.

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