Pakistan’s Punjab University has signed a memorandum of understanding to provide newly invented disease-resistant cotton seed to farmers in the country through seven multinational companies nationwide.

The university said providing the companies–Aurigo Group, Bahar Seed Corp., ICI Pakistan Ltd, Neelum Seeds, SunCrop Group and Weal AG Corp.–the cotton seed will bring “revolution in the cotton industry” and is meant to boost the country’s economy and save often struggling farmers close to $189 per acre.

Punjab University vice chancellor Zafar Moeen Nasir said the genetically modified BT cotton seed invented by PU scientists would contribute as much as $4 billion to the country’s economy and it would start providing results in just two years.

Read more at Sourcing Journal.

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