Tag: import financing issues
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Cotton production in Pakistan drops to 40-year low due to flood damage
Due to severe flooding and heavy rains during the monsoon season, Pakistan has recorded its lowest cotton production in 40 years. According to data from the Pakistan Cotton Ginners Association (PCGA), the country produced 4,912,069 bales of cotton, a year-on-year decline of 34%. This low yield has caused significant challenges for the textile industry, which…