Cotton has become a major export product for Pakistan. What are the advantages and disadvantages of having one major product such as this?

The importance of cotton can hardly be over emphasized in the economy of Pakistan. Pakistan is one of the ancient homes of cultivated cotton, 4th largest producer of cotton , the 3rd largest exporter of raw cotton and a leading exporter of yarn in the world.

Pakistan is, by and large, a mono-crop economy as cotton contributes nearly 10 per cent in the agriculture GDP and a source of 60 per cent foreign exchange earnings. The value addition through cotton is 8.2 per cent in agriculture and 2 per cent in the GDP.