ISLAMABAD
\nA milestone in Pakistan\u2019s cotton sector was reached as cotton arrivals for the year 2023 exceeded expectations, demonstrating remarkable growth in production.
\nCotton arrivals as of September 30, 2023, soared to an impressive 5.0 million bales, representing an astounding 71% year-on-year growth.
\nThis accomplishment is a testament to the resilience and dedication of Pakistan\u2019s farmers in overcoming the challenges posed by last year\u2019s devastating floods.
\nKey Yield Figures: Pakistan: 5.0 million bales, reflecting a remarkable 71% year-on-year increase; Punjab: 2.1 million bales, registering a commendable 34% year-on-year growth; and Sindh: 3.0 million bales, achieving an outstanding 113% year-on-year surge.
\nTo recall, the cotton production sector faced a substantial setback last year, experiencing a 34% year-on-year decline due to the massive flooding that affected the country. However, this year\u2019s outstanding performance has not only surpassed the previous year\u2019s figures but also exceeded expectations.
\nDr. Gohar Ejaz, Minister for Commerce, expressed his optimism for the cotton sector, stating, \u201cCotton arrivals crossing the 5 million bales mark on October 1, 2023, is a momentous achievement for Pakistan. Last year, our total crop was 5 million bales, and this year, we are anticipating a bumper crop of 12 million bales.
\nThis remarkable growth showcases the dedication and hard work of our farmers and the resilience of our cotton industry. The Ministry of Commerce remains committed to supporting and promoting the cotton sector in Pakistan, recognizing its indispensable role in the country\u2019s economic development and global competitiveness.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD A milestone in Pakistan\u2019s cotton sector was reached as cotton arrivals for the year 2023 exceeded expectations, demonstrating remarkable growth in production. Cotton arrivals as of September 30, 2023, soared to an impressive 5.0 million bales, representing an astounding 71% year-on-year growth. This accomplishment is a testament to the resilience and dedication of Pakistan\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":359093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-359742","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n