Pakistan will have to foot bill of $1.58bn for cotton imports

Related Keywords: APTMA, bridge the gap between production and consumption, cotton production is expected to be insufficient, import of cotton bales, largest raw cotton exporter, meet local demand, Pakistan, raw cotton, to foot a bill of around billion

Karachi
Pakistan  will have to foot  bill of $1.58bn for cotton imports
Summary: 
Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan has been an importer for the last two years. Last year, Pakistan imported around 2.7m bales from India at a cost of $800m. With cotton production clocking up at 15m bales in 2014-15 and 9.5m bales in 2015-16.

http://www.dawn.com/news/1306632/cotton-imports-to-hit-158bn
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