Cotton imports surpass domestic output
LAHORE: Pakistan has witnessed a historic surge in the import of cotton and cotton yarn during FY25, with the volume of imports surpassing total domestic production for the first time — a development attributed to policy distortions and adverse weather, sparking alarm among industry stakeholders.
While textile exports posted a modest growth of 7.22pc, reaching $17.88bn, imports of textile-related products jumped to $4.24bn, reflecting a record increase of 61pc compared to the previous fiscal year, according to data from the Pakistan Bureau of Statistics.
Industry sources say the spike in imports is a direct outcome of multiple factors, including the earlier allowance of duty- and sales........
© Dawn Business
