LAHORE: Pakistan has started import of raw cotton from India due to bad crop in Pakistan during the month of December.
Sources told Customs Today that Pakistan is importing cotton from India and it is increasing day by day and from 50 to 60 trucks are crossing the border every day.
Officials at the Land Freight Unit (LFU) Wagah informed Customs Today that import of Indian cotton has increased since the last three months.
Now it has reached up to 300 trucks per week because during the last week total import of raw cotton from India was recorded at 300 trucks that crossed the border line through Wagah trade gate.
Meanwhile, total trade volume between two neighboring countries had slowed down due to decrease in import and export of vegetables and fruits through Wagah trade rout, but now it is increasing day by day again.
Export of onions from Pakistan to India has also decreased because supply of Indian onion has increased in Indian markets.
The cotton output estimated to remain under 10 million bales as around 40 percent crop has been damaged in Punjab only.
On other hand, exporters are not satisfied with low crop in Pakistan because 57 percent of Pakistani exports are related to cotton only.
