PM Shehbaz accords in-principle approval to set value of cotton at Rs8500 per 40kg

Prime Minister Shehbaz Sharif gave in-principle approval on Monday to set cotton value at 8500 rupees per 40 kilograms this yr, Radio Pakistan reported.

The approval was granted throughout a evaluate assembly of the Agricultural Process Drive that was held in Lahore.

Throughout the assembly, an in depth dialogue was held on rising the manufacturing of cotton and setting its help value.

The assembly was knowledgeable that final yr there was a considerable discount in cotton manufacturing because of floods, rains, scarcity of canal water, and fertilizer disaster.

The whole manufacturing of cotton this yr is estimated at 12.77 million bales, whereas not solely the world below cotton cultivation but additionally the yield per acre is predicted to extend considerably.

The per acre value of cotton and its comparability with different crops was additionally introduced to the assembly.

The premier directed the related authorities to submit the help value of cotton to the Financial Coordination Committee for approval on the earliest.

He mentioned the provincial governments ought to guarantee the supply of fastened costs of cotton to the farmers. He additionally directed the federal authorities to offer all attainable help to the provincial governments to implement the fastened help value.

PM Shehbaz mentioned the federal government is taking steps on a precedence foundation to extend the per-acre manufacturing of cotton.

For this goal, he directed the Ministry of Nationwide Meals Safety to speedily full its work in formulating proposals to extend the per-acre yield of cotton.