Home / Knowledge / News / Textiles / Pakistan's low cotton output to hit exports
Pakistan's low cotton output to hit exports
16
Feb '16
Blighted by pest, drought and unseasonal rain, Pakistan's low cotton output this year will hit the country's exports, experts fear. The Pakistan Businessmen and Intellectuals Forum (PBIF) has said low cotton output was hurting millions of cotton farmers which would ultimately affect exports and gross domestic product (GDP).

The country would miss the target of cotton production by 4.6 million bales necessitating imports worth $4 billion to keep textile industry running which would hit balance of payment situation and forex reserves, PBIF President Mian Zahid Hussain said in a statement.

He said the cotton sector which is backbone of the national economy, needed immediate attention of the government as it held 8.5 per cent share in the GDP, fetched $12 billion through exports and provides jobs to 40 per cent of the labour force.

“The situation shouldn't be allowed to take toll on sliding exports and drag down GDP by one per cent minimum,” he said. The reasons behind the low cotton output included sudden and unpredictable rains, drought in some areas, low cotton prices and hike in prices of inputs by 15-20 per cent and use of substandard seed which had discouraged farmers, he added.

He said that the sowing target of cotton was also missed as it was planted on 2.946 million hectares against the target of 3.122 million hectares which could lead to disastrous consequences if the trend continued in future.

Mian Zahid Hussain lashed out authorities who discounted local wisdom to promote genetically modified seed terming it pest resistant which proved otherwise.

The imported seed failed to withstand pink bollworm and whitefly attacks while pesticide to tackle the pests were not available in the market which played havoc with the crop, he added.

He called for immediate government action to restore the health of the cotton sector and warned that any delay could hurt the economy badly and Pakistan could slip from its position as the world's fourth largest cotton producer. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

February 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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

Active Poll

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

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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