10 million bales are being imported from uzbekstan

Uzbekistan has signaled agreement to Pakistan according to which the former would export 10 million cotton bales to latter by the end of June in the current fiscal year, it is learnt here on Tuesday.

As per a press release publicized by Pakistan Textile Mills Association (PTMA), Prime Minister Yousuf Raza Gilani’s untiring efforts bore a fruit in form of a deal of cotton export with Uzbekistan government.

The association’s chairman Gohar Ijaz told media Uzbekistan is a ‘chief importer’ of Chinese cotton and for such imports; the former is in habit of making 80pc payments in advance.

However, he said that he was pleased with Uzbek government as Pakistan has been exempted from condition of advance payment for cotton import.