MULTAN, Nov 13: Discontinuation of bank limits and advances has exposed ginners to cash problems and they want the Trading Corporation of Pakistan (TCP) to begin lint purchase immediately to enable them buy Phutti from growers.

They warned that any further delay can damage quality of Phutti worth billions of rupees lying unsold with the farmers.

“We have no cash for purchase of Phutti from growers because the banks have stopped approval of advances and limits for us, Pakistan Cotton Ginners Association (PCGA) chairman Chaudhry Muhammad

Akram said while addressing a press conference here on Thursday.

He said that the growers badly needed cash to purchase agriculture inputs like seed and fertiliser for wheat sowing but ginners will be unable to pay to growers if TCP does not start immediate purchase to help the cash-starved ginneries.

He said that the ginners would sell lint to the TCP at nothing less than Rs 3,100 per 40 kg. He said that PCGA will chalk out its next strategy if the TCP failed to begin purchase of lint within a week. —APP