|
Getting your Trinity Audio player ready...
|
Get the latest Pakistan news updates on our WhatsApp channel by joining us today!
Pakistan’s agricultural sector is facing a significant challenge as cotton production has recorded a substantial decrease. The latest figures reveal a 49% decline in cotton production in Pakistan till August 15, compared to the same period last year.
Chairman of the Cotton Growers Forum, Ehsan ul Haq, attributed the decline to unfavorable weather conditions, expensive agricultural inputs, and reduced cultivation. The decline in cotton production has been particularly severe in Punjab and Sindh, with a 38% and 54% decrease respectively.
Read Also: IMF Executive Board Meeting Agenda Released, Bailout Package Decision Pending
This decline is likely to have far-reaching implications for Pakistan’s textile industry, which relies heavily on domestic cotton production. Textile mills are already seeking alternative sources, with reports of over 1 million bales of cotton import contracts being finalized from abroad.
Stay updated with the latest news and updates on Pakistan’s agricultural sector and its impact on the country’s economy.