Cotton is a natural fiber that finds use in many products. These range from clothing to home furnishings to medical products. As a result, cotton is always in demand though its use is subject to the strengths and weaknesses of the overall economy. It accounts for 8.2 percent of the value added in agriculture and about 2 percent to GDP.
The importance of cotton can hardly be over emphasized in the economy of Pakistan. Pakistan is one of the ancient homes of cultivated cotton, 4th largest producer of cotton , the 3rd largest exporter of raw cotton and a leading exporter of yarn in the world.
Pakistan is, by and large, a mono-crop economy as cotton contributes nearly 10 per cent in the agriculture GDP and a source of 60 per cent foreign exchange earnings. The value addition through cotton is 8.2 per cent in agriculture and 2 per cent in the GDP.
Cotton is not only an export-earning crop but also provides raw material to local textile industry. A profound investment in the form of over1000 ginning factories, over 400, textile mills heavily depends upon cotton.
The importance of cotton can hardly be over emphasized in the economy of Pakistan. Pakistan is one of the ancient homes of cultivated cotton, 4th largest producer of cotton , the 3rd largest exporter of raw cotton and a leading exporter of yarn in the world.
Pakistan is, by and large, a mono-crop economy as cotton contributes nearly 10 per cent in the agriculture GDP and a source of 60 per cent foreign exchange earnings. The value addition through cotton is 8.2 per cent in agriculture and 2 per cent in the GDP.
Cotton is not only an export-earning crop but also provides raw material to local textile industry. A profound investment in the form of over1000 ginning factories, over 400, textile mills heavily depends upon cotton.
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