Govt expects cotton to surpass 8 46 million bales target thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Govt to Allow Cotton Import By Land as Local Production Falls
The Government of Pakistan is set to allow the import of cotton from Afghanistan and the Central Asian states via the Torkham land route to overcome the 34.18 percent fall in the production of local cotton.
Pakistan’s cotton harvest has dwindled significantly as farmers continue to switch to other lucrative crops. According to the statistics released by the Pakistan Cotton Ginners Association, over 5.6 million bales underwent the ginning process (conversion to bales) until 1 March 2021.
Pakistan has become a net importer of cotton for the past three years due to lower domestic production.
Govt likely to allow cotton import via land route tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Cotton production drops 34% in FY21
Govt’s negligence towards major cash crop has heavily affected country’s economy
The cotton production in Pakistan has plunged 34% to 5.57 million bales (of 155 kg per bale) in the current fiscal year 2020-21 compared to the same period of last year. This output was in line with the full-year production estimated at a four-decade low in the ongoing year.
The governments’ continuous negligence towards the major cash crop for several years and climate change has heavily affected the domestic economy. The situation led the textile sector (yarn manufacturers) to import cotton worth around $2 billion in this fiscal year.