Summary Until today, Rs 43 billion have been spent on cotton import in the ongoing year
LAHORE (Dunya News) – Government is reportedly spending around Rs 118 billion to purchase at least 50 lac cotton bales to meet local demands, Dunya News reported Thursday.
According to the Cotton Ginner Association, yields in the current year were affected badly by weather shifts. Indigenous harvests amounted to around 97 lac cotton bales out of which textile mills have bought 85 lac bales.
Textile sector has to import 50 lac bales to meet annual need of the country that is around 1.5 crore bales.
Until today, Rs 43 billion have been spent on cotton import in the ongoing year.
