ISLAMABAD: Cotton production in Pakistan is projected to decline in 2024-25 due to escalating energy and financial costs, according to the Ministry of National Food Security and Research (MNFS&R). This decline is expected to impact the growth of the textile sector, the ministry informed a parliamentary body.
During a meeting of the National Assembly Standing Committee on National Food Security and Research, chaired by MNA Syed Hussain Tariq, MNFS&R officials shared that the rising costs would constrain the textile sector, which is a key economic driver. The government had set a target of $25 billion in textile exports for 2023-24, but current projections indicate that the exports may fall short of this goal.
The committee expressed serious concerns about the continuous decline in cotton production and prices within the country. Members stressed the need for immediate and effective measures to stabilize and boost cotton production, including subsidies, improved pest control, and the adoption of modern farming techniques.
In addition to the cotton production issue, the committee discussed the aftermath of last year’s wheat import scandal. They deemed the government’s actions inadequate and formed a sub-committee to re-investigate the matter and hold those responsible accountable. The sub-committee was also tasked with investigating the non-provision of quality seeds to farmers, which has caused significant damage to the agricultural sector.
Members of the parliamentary body argued that merely suspending 14 to 15 government officials would not prevent future scandals or recover damages. They emphasized the need to take action against the key figures involved in such scandals.
The committee further proposed the establishment of a special cell within MNFS&R to curb the smuggling of wheat, sugar, and other essential commodities out of the country.
