Related Keywords: boost cotton exports, improve cotton exports, Pakistan government, shrinking global demand, textile sector
Pakistan government has taken many steps to boost cotton exports which has witnessed negative trends during the fiscal year 2015-16 as compared to the last fiscal year 2014-15.
Cotton exports have declined from $11,983 million in the fiscal year 2014-15 to $11,020 during the fiscal year 2015-16.
Due to inconsistency in yield of cotton crop, rising cost of business and shrinking global demand resulted in decrease of cotton prices in the market and consequently, this affected the exports.
