Enhanced focus of government on agriculture lauded

Islamabad, July 14, 2016 (PPI-OT): Islamabad Chamber of Small Traders on Thursday hailed enhanced focus of the government on agriculture sector which is backbone of the economy. Agriculture absorbs majority of workforce while around eighty exports of Pakistan’s are linked to this sector, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.

Talking to Tabassum Anwar, Chairman IWCCI Standing Committee on Trade and Industry, he said that development of agriculture sector is linked to prosperity of farmer which should be the top priority. Shahid Rasheed Butt said that 69 percent of cultivable land is located in Punjab where 80 percent cotton, 63 percent sugar cane, surplus wheat and rice and other products are produced therefore this province should get extra attention of the policymakers.

He said that the agricultural production is not satisfactory despite the 341 billion farmers’ package announced by the Prime Minister in November last year while the decisions taken in the recent budget are laudable. The exports of rice, cotton and textiles continue to fall while low commodity prices and collapse of cotton crop has resulted in reduced demand of tractors by 47 percent which is alarming.

The veteran business leader also lauded the recently announced cut in the power tariff for the farmers terming it a step in the right direction. Agricultural development is also linked to reduced input prices, quality seed and pesticides, and loans for which we lack a transparent and effective system putting growers on the mercy of middlemen, he said.

At the occasion, Tabassum Anwar said that the quality of life of planters should be improved with intervention to boost share of agriculture in GDP which is hovering around 22 percent so that food security situation can be improved.

For more information, contact:
Jahangir Akhtar
Secretary General
Islamabad Chamber of Small Traders and Small Industry
Office No, 9 Block E, Super Market, Islamabad
Cell: 0344-5111174