President to issue ordinance for BT cotton cultivation
President Asif Ali Zardari will shortly promulgate an
ordinance to introduce the sowing of Bt cotton with a view to
increase crop yield to cater to the textile sector's needs, said
Textile Minister Muhammad Farooq Saeed Khan.
He announced that sowing of the newly introduced genetically
evolved seeds of Bt cotton would be started from next year. He
added that the government would implement the country's maiden
textile policy to achieve the set target of $25 billion in five
years, and Cabinet committee in this connection has been formed
to remove hindrances.
The government will provide Textile Ministry Rs 42 billion to
carry out the task of encouraging textile trade, as we have also
given assurances prior to announcing the first textile policy.
However, he made it clear that boost in textile trade with EU
and US would be the primary responsibility of textile exporters
after the announcement of textile policy. He urged the
stakeholders to create a strong lobby for promotion of the
country in the global markets.
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