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Cotton Crisis Destroys Jobs Tied to Pakistanâs Biggest Cash Crop Apr 21 2021, 2:44 PM April 21 2021, 6:30 AM April 21 2021, 2:44 PM (Bloomberg) (Bloomberg) Pakistan, one of the worldâs largest cotton producers, is finding it increasingly hard to meet its own needs, a problem that could push up import bills and further hurt its fragile economy. Years of bad weather, pest outbreaks and better margins on other crops have hurt the quality and quantity of harvest. And the scale of damage is accelerating: production in the current fiscal year is set to tumble to the lowest level in about three decades. As a result, the country is spending billions of dollars to import record amounts of cotton to feed its textile industry, something it can ill afford to do. Its current account which posted a rare surplus between July and December has recently flipped back into a deficit amid higher imports. The move also threatens to boost cotton prices ....
Mauritius buys rice from Pakistan - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.