Abdul Razzaq Dawood, Advisor to the PM for Commerce has said that Pakistan will not allow import of cotton from India to bridge shortfall.
He said people from the industry had been demanding to make changes in duties and taxes in textile sector. However, he ruled out any changes in duties and import of cotton from India to bridge shortfall.
Instead, cotton will be imported from Turkmenistan and Uzbekistan as both are new trade markets for Pakistan.
About trade with Afghanistan and Central Asian states, he said Afghanistan had offered a Preferential Trade Agreement (PTA) that was no problem.
He said the PTA items of Uzbekistan and Afghanistan were dry fruits, agriculture produce as they had no industrial production.
Abdul Razzaq Dawood said that we can export textiles to Uzbekistan. Pakistan wants to develop air links with Uzbekistan. He said Pakistan will promote banking in Uzbekistan and Afghanistan adding that the current trade agreement with Afghanistan has been extended for 3 months and will remain in force until May 11.