Rice, cotton’s bumper production to fetch $4.620bln additional exports: Farrukh
Published on: December 11, 2021.
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ISLAMABAD, Dec 9 (APP):Minister of State for Information and Broadcasting Farrukh Habib on Thursday said bumper production of major crops including rice and cotton would help fetch additional exports worth $ 4.620 billion.
Likewise, additional output from wheat, cotton, maize and sugarcane’s crops would ensure $2.641 billion savings in the import bill, he said in a series of tweets while pointing to initiatives taken by Prime Minister Imran Khan to facilitate farmers.
The minister said the farmer-friendly initiatives of PM Imran Khan that included agricultural loans worth Rs 1,500 billion and subsidy worth Rs 148 billion on fertilizer had resulted into an additional income of Rs 400 billion for the farmers sowing different crops such as wheat, maize, sugarcane, cotton and rice.
He said additional production of crops included 2.5 million tons of wheat, two million cotton bales, 540,000 tons of rice, 0.7 million tons of maize and eight million tons of sugarcane.
Farrukh said the additional output of the sugarcane crops would help increase additional production of 1.326 million tonnes of sweetener.
https://www.app.com.pk/national/rice-cottons-bumper-production-to-fetch-4-620bln-additional-exports-farrukh/
