Home / Knowledge / News / Textiles / 'Cotton crop collapse a threat to Pakistan's economy'
'Cotton crop collapse a threat to Pakistan's economy'
07
Dec '15
A Pakistani business leader has sound an alarm over reduced cotton output that could threaten the livelihoods of millions of farmers and the country's largest textile industry, according to newspaper reports.

“The cotton output has been estimated to remain under 10 million bales as around 40 per cent crop has been damaged in Punjab only, “said Mian Shahid, Chairman of the United International Group.

He said that government should immediately probe the failure through an independent commission and fix the responsibility. Much of the cotton crop was destroyed in floods, forcing Pakistan to import a huge quantity from India.

At the same time, textile industry that has laid off two hundred thousand workers in last two years in Punjab due to unfavourable conditions must be saved from adverse effects.

He said that Rs 14 trillion textile industry responsible for 57 per cent of total national exports cannot be left alone as this sector was already reeling under energy crisis, taxation and unfavourable policies.

Mian Shahid said that the textile millers are awaiting refunds to the tune of one trillion and ten billion rupees since long which should be paid immediately.

He demanded that the Government must provide enabling environment to the whole textile chain and push value addition so that it continue to provide jobs to million and earn foreign exchange. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

Apparel/Garments | On 28th Jul 2017

Columbia Sportswear posts Q2 2017 net sales of $398.9 mn

Columbia Sportswear Company has recorded net sales of $398.9 million...

Textiles | On 28th Jul 2017

Dickies & Prana to show HeiQ textile products at OR expo

American apparel brands, workwear leader Dickies and activewear brand ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X