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Mian Shahid, chairman of United International Group, on Sunday demanded a bailout package for cotton farmers affected by recent collapse of the crop in Pakistan.
He stated that dismayed farmers were switching to other crops which could reduce area under cotton cultivation by 20 per cent which would further bring production down.
Textile sector would be hard pressed as four billion dollars would be needed to import cotton which would hit the foreign exchange reserves and gross domestic product growth, he added.
