ISLAMABAD (APP) - Minister for Textile, Rana Farooq Saeed Khan Friday said MoU would be inked with an American firm within a month for supply of B.T. Cotton seed to Pakistan. In a meeting with members of Karachi Cotton Association (KCA) led by its Chairman, Sohail Naseem here, he said this year the cotton production would be around 13 million bales as compared to last year 11 million. He said the shortfall last year was mainly due to virus in cotton in Punjab. The total consumption of cotton in Pakistan is 15 million bales. The Minister said cotton was the backbone of national economy and added present government has formulated the first ever textile policy. The credit goes to President, Prime Minister and Finance Minister, who took keen interest in finalizing the policy. Secretary Textile, Dr. Waqar Masood also present on the occasion.