Mr Asad Qaiser, National Assembly Speaker, taking notice of declining cotton production and land under cotton cultivation stressed that the revival of cotton was indispensable to Pakistan’s economic growth.
In a bid to discuss the framework and incentives for revival of cotton, the Speaker held a meeting with Mr Abdul Razzak Dawood; Adviser on Commerce, Textile, Industries, Production and Investment and Dr. Abdul Hafeez Sheikh; Adviser to Prime Minister on Finance and Revenue. He stated that despite the fact that cotton offers comparative advantage to Pakistan, during the last three decades more than 20% of land under cotton cultivation has declined and output had fallen by similar ratio.
