KARACHI, Dec 7: Apropos of a news item published in the Dawn issue of December 7, "TCP stops cotton purchase in Sindh", the Trading Corporation of Pakistan has said that the report is not based on facts.

According to a press release issued by the TCP, the corporation has not stopped cotton purchase in Sindh. In fact it is continuously buying cotton from all ginning factories of the country including those in Sukkur, Khairpur, Naushahro Feroze and Nawabshah districts of Sindh.

The TCP cotton procurement centres in Sukkur and Nawabshah have made contracts for procurement of 395,000 bales of cotton up to December 6, including contracts of 48,000 bales made during last week.

The TCP has contracted to purchase 3,400 bales from Nawabshah and 6,000 bales from Sukkur on December 6. The TCP does not buy phutti from growers. It buys lint cotton at the rate of Rs2,159 per maund from the ginners. Therefore, the question of the TCP buying phutti from growers, whether influential or otherwise, does not arise.

Original Story: SUKKUR: TCP stops cotton purchase in Sindh