eplying to a question
during question hour, he said prices of cotton and yarn had risen
sharply in the domestic market due to higher export of yarn. The price
of cotton had increased from Rs3,175 per maund in December to Rs4,869
per maund in December 2009, he added. Rana Farooq said in order
to ensure availability of yarn, the government had imposed a cap of 35
million kgs from March 1 to June 30 on export of yarn. These steps
would help improve the local availability of yarn in the country
significantly, he added. To another question, the minister said export
of cotton cloth fell by 4 per cent and bed wear by 10 per cent during
2008-09 due to global economic recession and power and gas load
shedding.
Date:2/27/2010
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