Govt decision to revive cotton economy lauded

Staff Reporter

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday lauded the government’s move to revive the cotton economy.

The government has decided to intervene in the market and buy cotton if prices fell down below the level of Rs5000 per maund which will infuse confi-dence in growers and increase the area under culti-vation which was going down for a decade, he said.

Mian Zahid Hussain said that supporting cotton crop will not only benefit millions of farmers but also support the largest industrial and export sector of textiles while exports will get a boost.

Previous articleNEPRA slashes 19 paisa in tariff for June under FCA
Next articlePetrobras shares close up 10% on strong Q2 earnings