Pakistan’s cotton industry at possible risk

Pakistan’s cotton industry at possible risk

Pakistan’s cotton sector is facing new concerns after a plan to turn Multan’s key cotton research institute into a gymkhana club. Stakeholders fear this decision could undermine an already struggling cotton sector.

This institute was set up in 1970 on 100 acres land. It has developed over 40 cotton varieties, including disease-resistant types recognised internationally. Despite limited funding, important research still continues there.

However, according to Dawn news, 15 acres of its land now is reportedly being given for a gymkhana club. The move is considered unnecessary because other government land is available in the city for this project. Resultantly, experts worry this move could disturb research work and weaken cotton production further.

Additionally, concerns have also increased after the historic building of the Karachi Cotton Association (KCA) was sealed by the (FIA) and is now being used as offices. Many see these actions as signs of government neglect toward the cotton industry.

At the same time, Pakistan’s cotton supply has dropped to a record low, below 30,000 bales. This is partly because imports have stopped due to tensions in the Gulf region. The new cotton season is also likely to start after Eidul Adha, because of the transport issues, extreme heat and possible rains. This could create serious problems for textile mills.

Ihsan ul haq, chairman of the Cotton Ginners Forum asked the government to take immediate steps to boost cotton cultivation. They suggest ensuring water supply for farms, lowering diesel prices, providing cheaper farming inputs, and limiting sugarcane farming in cotton areas. These steps could reduce imports and save foreign exchange.

Moreover, cotton prices are currently stable but may rise soon. Traders are making smart moves to gain profit in future by avoiding advance deals due to expected price increases.

Overall, experts stress that the protection of research institutes and supporting farmers is essential to revive the cotton sector of Pakistan and prevent further economic losses.