By admin       2018-03-27

March 25, 2018 - ISLAMABAD: The government has agreed to put a halt to cotton imports during crop harvest in an effort to ensure farmers get an attractive price and are encouraged to plant more in the next season as cotton production has dropped sharply over the past four years. Earlier, on the persistent demand from textile millers, the current government allowed duty-free import of cotton, but that hurt the interest of Pakistan’s growers and benefitted Indian farmers who have been exporting a significant quantity of cotton in times of need. Pakistani farmers have suffered as the government has focused more on framing industry-friendly policies over its tenure since June 2013. According to a report submitted to the cabinet by a special committee, cotton production has faced virtual stagnation since 1991-92 fluctuating in the range of 10 to 12 million bales. In 2015-16, the output even dropped below 10 million bales, standing at 9.9 million.

Download App

# #

Member Login