Cotton export on despite shortage

Dunya News

Despite a steep decline of in cotton generation, i.e less than 40,000 bales, the commodity export has been initiated instead of its import. The textile industry needed a 1,600,0000 bales of cotton for its needs, while according to a rough estimate around 1,200,0000 bales would be generated. Due to rise of cotton prices in the international market, exporters have turned to Pakistan for purchase.