Home / Business / Reduced cotton production can become a threat to textile industry

Reduced cotton production can become a threat to textile industry

KARACHI:      President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister, Mian Zahid Hussain Wednesday said low cotton production will become a threat to the textile industry.

Farmers are losing interest in cotton crop due to increasing problems which is resulting in a reduction in area under cultivation and production which can become a problem to largest urban employment and largest export sector of textile, he said.

Talking to the business community, the veteran business leader that government should consider incentives and support price for the cotton growers which may attract farmers resulting in enhanced production.

He said that reduced cotton production will result in imports which will increase the cost of doing business, therefore, steps should be taken in the right direction.

The former minister noted that area under cultivation dropped by 12.1 percent in 2018-19 while production fell by 17.5 percent.

Last year’s cotton production remained at 9.9 million bales which were 11.94 million bales in 2017.18 and 13.96 million bales in 2014-15, he said.

Check Also

Pakistan’s economy stabilising

ISLAMABAD:     Pakistan Economy Watch (PEW) on Wednesday said the economy of Pakistan is stabilising …