Promotion of sugar mills mafia damaging cotton economy, must be stopped: Shahid Rasheed.

ISLAMABAD -- Former President ICCI Shahid Rasheed Butt has said promotion of sugar mills mafia should be stopped immediately as this sector is damaging the cotton economy for personal gains. In a statement issued on Sunday, he said that illegal extension in sugar mills should be checked as it is helping the sugarcane crop encroach upon the best cotton sowing area and almost a million hectares of the cotton belt is now used for sowing of sugarcane. Shahid Rasheed said that the tendency is very damaging for the country as the cotton crop is central to the economy and the largest industrial sector of textiles providing sixty percent of foreign exchange and jobs to millions. Pakistan is facing a food crisis since two and a half years but nothing has been done to boost production or reduce wastage, he added.

The former President ICCI said that government should invite globally known seed companies to start their business in Pakistan so that farmers could get quality seed to boost production and reduce losses. Seed certification mechanism should be improved, close links should be...