By Zubeida Mustafa
PAKISTAN’S economy is in grave trouble. According to the Pakistan Economic Survey 2015-16, it failed to meet the growth target of 5.5pc in FY2016. GDP grew by 4.7 pc. This was mainly due to the ‘major setback’ (to use the finance minister’s words) in agriculture.
At the heart of the crisis was a massive decline of 27.8pc in cotton production. It should be remembered that cotton is the mainstay of our agriculture and textile industry. The cotton crisis has emerged as a very controversial issue. Well-informed farmers attribute this disaster to the widespread use of genetically modified seeds that were formally introduced in the country in 2010 but were being smuggled since 2005. Now BT cotton (a genetically modified variety) is grown in 88pc of the cotton-cultivated area. Continue reading “Cotton crisis”