President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said low cotton production will become a threat to the textile industry.
Farmers are losing interest in cotton crop due to increasing problems which is resulting in a reduction in area under cultivation and production which can become a problem to largest urban employment and largest export sector of textile, he said.
Talking to the business community, the veteran business leader that government should consider incentives and support price for the cotton growers which may attract farmers resulting in enhanced production.
He said that reduced cotton production will result in imports which will increase the cost of doing business; therefore, steps should be taken in the right direction.
The former minister noted that area under cultivation dropped by...