Pakistan: Government Pledges to Boost Cotton Production
By 2024-07-12 11:13:28
Pakistan: The Government Agrees to Increase the Production of Cotton
Federal Minister for Industries, Production, and National Food Security Rana Tanveer Hussain reaffirmed the government’s commitment to promoting the cotton industry during a meeting of the Pakistan Central Cotton Committee’s governing body on Thursday.
He emphasized that Pakistan's economy heavily relies on cotton production, linking the growth of the textile industry to good cotton yields.
"The textile industry has been granted a subsidy of Rs 10 per unit on electricity, which will significantly alleviate its financial burdens and ease its difficulties," the minister stated.
He highlighted the importance of prioritizing research and development, assuring comprehensive government support to farmers, ginners, and all relevant stakeholders. The minister revealed that the country's annual cotton production currently stands at 8.4 million bales, with a target to increase this to 15 million bales by 2025.
"Yield per acre can be increased with modern agricultural practices and technology," he added. Recommendations are being sought for the restructuring of the Pakistan Central Cotton Committee (PCCC) in light of a report from the Food and Agriculture Organization. The next meeting of the governing body is scheduled for next week.
