The State Bank of Pakistan (SBP) noted that in the agriculture sector, the secular decline in cotton production needs to be addressed. — Dawn/File
KARACHI: The State Bank of Pakistan (SBP) on Friday expressed concerns that despite an encouraging economic recovery made during FY21, certain structural vulnerabilities could create hurdles for growth in FY22.
In its third quarterly report ‘The State of Pakistan’s Economy’, the SBP noted that in the agriculture sector, the secular decline in cotton production needs to be addressed.
“Timely availability of pest-resistant seed varieties and further support from agriculture extension departments, particularly to promote the adoption of climate-smart farming practices, could enable better outcomes,” the report said.