Govt establishes cotton research fund of Rs2.5bn

he government has established cotton endowment fund with an initial worth of 2.5 billion rupee in order to create indigenous resources for conducting research and development activities in the field of cotton crop across the country.

Chairman Pakistan Agriculture Research Council Dr Yousuf Zafar said the aim of the establishment of the fund was to generate internal resource to conduct research for producing high-yielding seed verities.

Talking to APP in Islamabad today (Thursday), he said prior to this cotton seed was the primary source of income, which was spent to meet the research and developmental expenditures of Pakistan Central Cotton Committee.

The PARC further informed that pre-Central Development Working Party had been granted to the project and it would be presented in the next meeting of CDWP for approval for the establishment of the fund.

He said cotton sowing in China and US had witnessed sharp decrease, and Pakistan was importing 4-5 million bales to fulfil its domestic requirements and the initiative would help to bridge the gap between local demand and supply. (APP)

Source: Radio Pakistan