Pakistan to bag $25 billion through textile policy: YNFX

Textile policy will help Pakistan to bag $25 billion during first five years through cultivation of BT Cotton and optimum values addition to cotton chain, the Federal Minister for Textile Industry, Rana Mohammad Farooq Saeed Khan said.

Addressing a certificate distribution function for the successful participants of the stitching machine operators training (SMOT) programme of the ministry of the textile industry at Chenab Limited. He said, 'Pakistan has huge potential to develop its cotton chain, but we failed to exploit it because of inconsistent policies.'

He said that textile policy would cover the entire cotton chain rights from growers to the export of fashion garments. We are consulting with all stakeholders to make this policy a result oriented, he added. He was critical of the agriculture scientists and said that they failed to give any high yielding and pest resistant cotton variety during the last 5-6 years.

He said that BT Cotton has the potential to double the cotton production without any additional expenses or inputs and sugarcane crop, being water intensive, has become less profitable. Further, he said that growers should cultivate BT Cotton to get maximum financial benefit in addition to doubling our cotton production and the product has the potential to give at least 60 to 70mound per acre yield.

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