World Economy
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Pak Cotton Production Falls

Pak Cotton Production Falls  Pak Cotton Production Falls

Pakistan has so far produced 9.727 million bales of cotton this season, a decline of 34% compared to 14.705 million bales a year ago, APP reported. The cotton crop failure is not only crippling growers financially, it has also hurt the country’s entire economy and resulted in billions of dollars loss which is going to negatively reflect in the lower GDP growth for this fiscal year. Exporters cite poor and uncertified seed, fertilizer and pesticide as major causes for crop failure. Besides, heavy rains and floods of last year also had their toll on the standing cotton crop.

 

Financialtribune.com