"The government should fix the buying price at Rs5,000 per bale and ensure that the prevailing problems of the shortage of seeds and sale of spurious seeds are immediately done away with," said the Sindh Abadgar Ittehad's president, Nawab Zubair Talpur, at a press conference in Hyderabad on Monday.
He argued that both the low price of the crop and the ordeal of acquiring quality seeds, as well as the water shortage issue, were discouraging farmers from cultivating cotton.
Talpur recalled that against the country's requirement of 15 million cotton bales, only 8 million bales were produced locally in 2019, while the remaining demand was fulfilled through imports.
He added that the government not only had to spend $1.5 billion from its precious foreign exchange reserves due to this, but it also suffered losses of billions of rupees in revenue collection by waiving the import duties.
Published in The Express Tribune, March 3rd, 2020.
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