Patronizing sugar mills damaging cotton economy

Business News English

Islamabad, November 23, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Sunday said promotion of sugar mills mafia should be stopped immediately as this sector is damaging the cotton economy for personal gains. He said that illegal extension in sugar mills should be checked as it is helping the sugarcane crop encroach upon the best cotton sowing area and almost a million hectares of the cotton belt is now used for sowing of sugarcane.

The tendency is very damaging for the country as the cotton crop is central to the economy and the largest industrial sector of textiles providing sixty percent of foreign exchange and jobs to millions, he added. Shahid Rasheed Butt said that Pakistan is facing a food crisis since two and a half years but nothing has been done to boost production or reduce wastage.

The government should invite globally known seed companies to start their business in Pakistan so that farmers could get quality seed to boost production and reduce losses. Seed certification mechanism should be improved, close links should be established with international agriculture research institutes, local seed varieties should be improved and a mechanism should be evolved to combat pests and disease, he demanded.

He said that globally almost one billion people are food insecure but at the same time food worth one trillion dollars is being wasted. Coronavirus virus is contributing to global hunger and many countries are running the risk of famine but not a single country seems interested in reducing the wastage, he observed.

Shahid Rasheed Butt said that a major part of food is wasted in developed nations due to excess buying while it is lack of transport, storage and other facilities which contributes to the wastage of food. The US top the countries in the chart annually wasting food worth 360 million dollars that also wastes billions spent on seed, fertiliser and pesticides etc.

For more information, contact:
Dr. Shahid Rasheed Butt
Consul General Ghana
Former President ICCI
Former Patron ICST
Tel: +92-333-5132199, +92-51-2822571

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