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Pakistan cotton industry to spend on cotton imports as drought hit crop

Related Keywords: after erratic rainfall and drought, bad weather hurt both quality and quantity, higher prices for import, increase overall cotton production, lack of supply, leaves Pakistani textile producers struggling, new seed varieties, Pakistan cotton harvest, Pakistan spending on cotton imports, reductions in sales tax to help the struggling industry

Bad weather has hurt both the quality and quantity of cotton harvested, leaving Pakistan’s textile producers struggling as they face lack of supply and higher prices for import. The textile producers account for almost nine percent of GDP. To support its ailing textile industry after erratic rainfall and drought, Pakistan is spending $4 billion a year on cotton imports.

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