Pointless promotion of sugar industry hitting economy hard.

ISLAMABAD -- Former President ICCI Shahid Rasheed Butt on Friday said unnecessary promotion of the sugarcane crop and patronage of the influential sugar industry is damaging the economy.

The policy of preferring sugarcane to cotton crop should be reversed immediately while cotton belt should be shielded from the onslaught of sugar millers, he said.

Shahid Rasheed Butt said that sugar mills established in the cotton belt should be moved out to other locations to save the largest export earner and largest industrial employment provider sector of textiles.

Cotton crops help our country earn sizable foreign exchange and provide employment to millions while the sugar industry needs billions of subsidies to remain in the business which the country can ill afford.

Pakistan is producing more sugar than required but a...

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