LAHORE: Pakistan has started importing raw cotton from neighboring country India due to bad crop in Pakistan.
According to sources of Customs Today, Pakistan is importing cotton from India and it is increasing day by day. Officials of land Freight Unit (LFU) Wagah told Customs today that import of Indian cotton has increased to 30 trucks average per day.
On other hand, exporters are not satisfied with low crop in Pakistan because 57 percent of Pakistani exports are related to cotton only. Sayed Adil Hussain exporter of garments from Pakistan told Customs today that Reduced cotton output is to threaten livelihoods of millions of farmers and Pakistan’s largest textile industry.“The cotton output has been estimated to remain under 10 million bales as around 40 percent crop has been damaged in Punjab only he added.
Meanwhile total trade volume between two neighboring countries Pakistan and India has slows down due to decrease in import and export of vegetables and fruits through Wagha trade rout. Export of onion from Pakistan to India has also decreased because supply of Indian onion has increased in Indian huge market.
Sources also confirmed that import of cotton may increase in coming days because of GSP plus status for Pakistan which will increase the exports of Pakistan especially in textile sector.
