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(From Business Recorder)
Byline: RIZWAN BHATTI
The country is likely to face a shortfall of around 2.5 million bales of cotton, as the recent rains have badly damaged the quality of cotton in Sindh and Punjab, said brokers in the Karachi Cotton Association (KCA) here on Tuesday.
This will result in depending on imported cotton. Pakistan, they estimated, may have to import cotton of 2.5 million bales to meet the demand of local mills, they said.
"Although more than 70 percent of phutti had arrived in the ginning factories till November 30, still 30 percent phutti has been lying in the fields. Widespread rains in Sindh have badly hit the …