Cotton, known as 'white gold', is an important cash crop in Pakistan. The Pakistani cotton industry is a vital component of the country's economy, accounting for 1.6 % of Gross Domestic Product. Cotton was cultivated on an area of 3.19 million hectares, with production of 11.7 million bales for the year 2008-09. However cotton marketing and pricing system in the country is not developed and both the seed cotton and lint cotton are priced mostly on the basis of subjective assessment. The major problems facing the country's cotton sector include the absence of a recognized and scientifically...